Neil Nitin Mukesh Buys Luxury Apartment In Mumbai Worth Rs 11.35 Crore

Mumbai continues to cement its position as India’s most sought-after hub for luxury real estate, with Bollywood celebrities increasingly investing in the city’s premium housing segment. The latest addition is actor Neil Nitin Mukesh, who, along with his father, renowned playback singer Nitin Mukesh, has acquired a high-end apartment in the prestigious World One development by Lodha Group in Lower Parel for Rs 11.35 crore.

The apartment spans a RERA-approved carpet area of approximately 2,044 sq. ft. and comes with two dedicated car parking spaces. Official property registration documents reveal that the transaction, completed in July 2025, attracted a stamp duty of Rs 68.10 lakh and registration fees of Rs 30,000, highlighting the sustained financial commitment of high-net-worth individuals to Mumbai’s luxury residential market. Lower Parel, once an industrial belt, has transformed into a prime micro-market, drawing interest from celebrities, corporate executives, and professionals. Its strategic proximity to key commercial hubs such as Bandra-Kurla Complex and Nariman Point has made it a hotspot for high-end apartments and retail complexes. Recent years have seen Bollywood figures including Abhishek Bachchan, Shahid Kapoor, and Amish Tripathi, as well as former cricketer Zaheer Khan, making significant property investments in the area, reflecting a consistent trend of celebrity-led real estate acquisition.

According to the Q3 2025 residential market report by Knight Frank India, Mumbai sold 24,706 residential units in the period, marking a 2% year-on-year increase. While new launches declined by 19% to 19,145 units, average property prices rose 7%, reflecting strong end-user demand, particularly in the premium segment. Experts attribute this resilience to improved consumer sentiment, favourable lending conditions, and competitive home loan rates, which have encouraged affluent buyers to seek larger, high-quality homes in established neighbourhoods. Industry analysts point out that locations like Lower Parel, Worli, and Bandra are now central to Mumbai’s luxury real estate ecosystem, offering a mix of residential, retail, and entertainment infrastructure. The Mukesh family’s purchase reinforces this narrative, underscoring the appeal of these areas to buyers seeking lifestyle-centric urban homes.

The acquisition also symbolises the continued confluence of India’s entertainment industry and real estate sector, with celebrities leveraging their financial capacity to invest in sustainable and well-planned urban spaces. For Mumbai, such high-value transactions contribute not only to the city’s economic vibrancy but also signal enduring confidence in its premium housing market, even amid fluctuating economic conditions. As Mumbai’s skyline evolves, celebrity investments in luxury apartments like World One highlight the city’s dual role as a cultural and financial capital, attracting both talent and capital to its well-appointed residential corridors.

Neil Nitin Mukesh Buys Luxury Apartment In Mumbai Worth Rs 11.35 Crore