Former cricketer and cricket commentator Sanjay Manjrekar has sold his 2,315 sq ft apartment in the upscale Raheja Imperia complex in Lower Parel, Mumbai, for ₹13.5 crore, according to property registration documents reviewed by Zapkey.
The transaction, registered on April 8, also includes one car parking space. Manjrekar paid a stamp duty of ₹81 lakh for the deal. Lower Parel, once known for its industrial mills, has transformed into a prominent commercial and residential hub in Mumbai. The area now boasts high-end residential towers, Grade-A office spaces, and luxury hotels, making it a sought-after location for affluent buyers. This sale is part of a broader trend in Mumbai’s real estate market, where luxury property transactions have seen significant growth.
In recent months, several high-profile individuals have made notable property acquisitions in Mumbai. Cricketer KL Rahul and actor Suniel Shetty jointly purchased a seven-acre land parcel in Owale, Thane West, for ₹9.85 crore in March. Cricketer Suryakumar Yadav and his wife Devisha Yadav acquired two luxury apartments in Deonar for ₹21.1 crore. Additionally, former cricketer Zaheer Khan and his family bought a luxury apartment in Elphinstone Road for ₹11 crore. These transactions reflect the growing demand for premium properties in the city. The surge in luxury real estate sales in Mumbai is attributed to several factors, including economic growth, increased disposable incomes, and a shift in buyer preferences towards larger, more luxurious homes. According to a report by India Sotheby’s International Realty and CRE Matrix, sales of luxury homes priced ₹10 crore and above in Mumbai increased by 50% to ₹11,400 crore during the January-June period of 2023. This trend indicates a robust demand for high-end properties in the city.
As Mumbai’s luxury real estate market continues to thrive, transactions like Sanjay Manjrekar’s property sale in Lower Parel highlight the area’s appeal to affluent buyers seeking premium living spaces in the heart of the city. Former cricketer and cricket commentator Sanjay Manjrekar has sold his 2,315 sq ft apartment in the upscale Raheja Imperia complex in Lower Parel, Mumbai, for ₹13.5 crore, according to property registration documents reviewed by Zapkey. The transaction, registered on April 8, also includes one car parking space. Manjrekar paid a stamp duty of ₹81 lakh for the deal.
Lower Parel, once known for its industrial mills, has transformed into a prominent commercial and residential hub in Mumbai. The area now boasts high-end residential towers, Grade-A office spaces, and luxury hotels, making it a sought-after location for affluent buyers. This sale is part of a broader trend in Mumbai’s real estate market, where luxury property transactions have seen significant growth. In recent months, several high-profile individuals have made notable property acquisitions in Mumbai. Cricketer KL Rahul and actor Suniel Shetty jointly purchased a seven-acre land parcel in Owale, Thane West, for ₹9.85 crore in March. Cricketer Suryakumar Yadav and his wife Devisha Yadav acquired two luxury apartments in Deonar for ₹21.1 crore. Additionally, former cricketer Zaheer Khan and his family bought a luxury apartment in Elphinstone Road for ₹11 crore. These transactions reflect the growing demand for premium properties in the city.
The surge in luxury real estate sales in Mumbai is attributed to several factors, including economic growth, increased disposable incomes, and a shift in buyer preferences towards larger, more luxurious homes. According to a report by India Sotheby’s International Realty and CRE Matrix, sales of luxury homes priced ₹10 crore and above in Mumbai increased by 50% to ₹11,400 crore during the January-June period of 2023. This trend indicates a robust demand for high-end properties in the city. As Mumbai’s luxury real estate market continues to thrive, transactions like Sanjay Manjrekar’s property sale in Lower Parel highlight the area’s appeal to affluent buyers seeking premium living spaces in the heart of the city.
Sanjay Manjrekar Sells Mumbai Property for Rs 13.5 Crore
