Indian cricketer KL Rahul and actress Athiya Shetty have made a significant investment in Mumbai’s real estate market by purchasing a luxurious apartment in the upscale Pali Hill neighborhood. The couple, who recently tied the knot, have chosen this prestigious area, known for being home to numerous Bollywood celebrities and business magnates.
Property Details
The newly acquired property spans 3,350 square feet and is located in the Sandhu Palace development, a project by Sandhu Builders. This residential project is renowned for its prime location and exclusive amenities, catering to the elite class of Mumbai. The property was purchased for a staggering Rs 20 crore, underlining the couple’s preference for a high-end lifestyle and strategic investment in one of Mumbai’s most sought-after areas.
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Transaction Details
According to documents accessed via IndexTap.com, the purchase was registered on July 15, with the couple paying a stamp duty of Rs 1.20 crore. The substantial stamp duty is a reflection of the high value of real estate transactions in Mumbai, particularly in affluent neighborhoods like Pali Hill.
Pali Hill: A Celebrity Hub
Pali Hill, situated in the Bandra (West) suburb of Mumbai, is a renowned residential area known for its luxurious apartments and bungalows. It has been a favored destination for Bollywood celebrities and high-profile individuals due to its scenic beauty, proximity to major hubs, and exclusive community. Recently, Bollywood actor Aamir Khan also made headlines by purchasing another apartment in the same locality for Rs 9.75 crore, adding to his portfolio of properties in the area.
The purchase by KL Rahul and Athiya Shetty not only underscores their rising status but also highlights the enduring appeal of Pali Hill as a prime residential location. The area’s blend of privacy, exclusivity, and accessibility continues to attract the crème de la crème of Mumbai society.
