Now Reading: Shaan buys Rs 48 crore Palmera home in Bandra West
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Shaan buys Rs 48 crore Palmera home in Bandra West
Bollywood singer Shantanu Mukherjee, known as Shaan, and his wife Radhika have purchased three luxury apartments in Bandra West, Mumbai, for Rs 47.64 crore. The units are in the Palmera project on Turner Road, with a combined area of 6,267.87 sq ft. The deal was registered on August 20, 2026, and attracted stamp duty of Rs 2.70 crore.
The residence was created by joining three separate apartments across the 18th floor, according to Bollywood Hungama. Hindustan Times reports that the purchase includes nine car parking spaces and was transacted with developer NVK Realty LLP. The property stands on the redeveloped site of veteran actress Mala Sinha's former bungalow.
The purchase comes amid a luxury housing boom in Mumbai. According to the Lighthouse Luxury Quarterly Real Estate Report cited by both outlets, the city recorded 1,499 luxury home registrations worth Rs 14,903 crore between April and June 2026. Shaan had previously bought a bungalow in Pune for Rs 10 crore last year.
Indian Opinion Analysis
Both sources present the same transaction as a straightforward celebrity real estate purchase, with no political or ideological framing. Bollywood Hungama leads with Shaan's name and the Rs 48 crore figure, adding detail about the project's amenities and Mumbai's luxury market data. Hindustan Times leads with the couple's investment, the precise Rs 47.64 crore figure, and cites registration documents via CRE Matrix, adding stamp duty and parking spaces. Neither outlet editorialises or takes a stance beyond factual reporting. The key takeaway is the continued strength of Mumbai's luxury residential market, with daily registrations averaging 16 deals worth Rs 164 crore in the April-June quarter.
Coverage: 2 sources, 2 neutral
Sources (2): bollywoodhungama.com (neutral report), hindustantimes.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
