TV producer Rajan Shahi Acquires Mumbai Madh Island Penthouse Near Jubin Nautiyal

Mumbai’s luxury residential market witnessed a high-profile transaction as television producer Rajan Shahi acquired a 5BHK penthouse on Madh Island for ₹13.71 crore. The penthouse, situated on the 35th floor of the Raheja Exotica Cyprus building, positions Shahi alongside prominent neighbours including playback singer Jubin Nautiyal and actor Sanjay Mishra, who occupy the 34th and 15th floors respectively.

The transaction, officially registered on December 26, 2025, reflects ongoing demand for premium high-rise residences in Mumbai’s coastal zones. The Shahi penthouse spans 3,248 sq ft of RERA-compliant carpet area with an additional 400 sq ft of deck space, accompanied by four dedicated parking slots. The per sq ft acquisition price exceeded ₹37,000, underscoring the sustained premium valuation for sea-facing high-rise properties in Mumbai’s northern suburbs. A stamp duty of ₹82 lakh and registration fee of ₹30,000 were recorded for the transaction, indicating continued revenue contributions to state coffers from high-end real estate deals.

Urban property analysts note that Madh Island’s appeal lies in its combination of scenic coastal views and relative spatial privacy within the metropolitan landscape. Senior real estate experts suggest that the acquisition by a prominent media producer highlights the area’s attractiveness to high-net-worth individuals seeking expansive living spaces outside Mumbai’s traditional South and Western suburbs. “The trend signals confidence in peripheral luxury developments as lifestyle-driven residential investments,” said a property consultant familiar with the Mumbai market. This acquisition also illustrates the broader dynamics of Mumbai’s luxury housing market, where high-rise developments in emerging coastal zones are increasingly viewed as secure, long-term investments. Real estate strategists indicate that adjacency to celebrities and established entertainment figures can enhance perceived prestige, potentially influencing pricing trends in similar developments.

From an urban planning perspective, developments like Raheja Exotica Cyprus contribute to densification along the northern Mumbai coastline while presenting challenges related to sustainable infrastructure and service delivery. Local planners emphasise the need for integrated solutions addressing traffic, water supply, and environmental resilience as high-rise communities expand in traditionally low-density coastal areas. The transaction also reflects the ongoing monetisation strategies of developers such as Raheja Universal, who continue to target premium buyers through strategically located projects combining luxury amenities, panoramic views, and accessibility to city centres. Industry experts anticipate that the trend of high-profile individuals investing in peripheral luxury projects will continue, shaping the demand landscape for Mumbai’s emerging residential corridors.

As Rajan Shahi joins Madh Island’s skyline, the deal underscores both the financial vibrancy and evolving character of Mumbai’s luxury real estate sector. Observers suggest that balancing lifestyle appeal with sustainable urban growth will remain critical as high-net-worth buyers increasingly influence peripheral urban development patterns.

TV producer Rajan Shahi Acquires Mumbai Madh Island Penthouse Near Jubin Nautiyal