Father-Son Duo Invests in Iconic Mumbai Locale Known for Celebrity Appeal

A Star-Studded Investment in Mumbai’s Prime Real Estate

Bollywood icon Sunil Shetty and his son, Ahan Shetty, recently secured a prestigious property in Khar West, Bandra, for a reported Rs. 8.01 crore. Known for its luxurious lifestyle and celebrity residents, Bandra remains a coveted destination for high-profile homebuyers. According to registration documents, the Shettys acquired the property via a bank auction, reflecting the family’s growing real estate portfolio in Mumbai’s prime locales.

Details of the Lavish Purchase

The Shettys’ new property spans 111.52 sq. m. (approximately 1,200.39 sq. ft.), with the transaction finalized in October 2024. Along with the sale, the duo paid Rs. 40.08 lakh in stamp duty and a registration fee of Rs. 30,000, per documents reviewed by Square Yards, a prominent real estate insights provider. This investment aligns with the Shetty family’s connection to Mumbai’s upscale neighborhoods, a nod to the Bollywood elite’s ongoing affinity for Bandra.

Bandra: A Magnet for Celebrities and Luxury Buyers

In recent years, Bandra has emerged as a hub for Bollywood stars and prominent sports figures. Alongside the Shettys, other celebrated personalities such as Ranveer Singh, Deepika Padukone, KL Rahul, and Athiya Shetty have invested in the area. Bandra’s appeal lies not only in its premium amenities but also its proximity to major commercial hubs like the Bandra-Kurla Complex, Worli, and Andheri, making it an ideal locale for both work and lifestyle balance.

With a robust infrastructure, exceptional connectivity to Mumbai’s international airport, and an array of upscale amenities, Bandra offers unmatched value for elite homebuyers seeking a blend of luxury and convenience.

Legacy in Indian Cinema: Shetty Family’s Enduring Influence

Sunil Shetty, an actor and producer, has captivated Indian audiences for over three decades with films like Hera Pheri, Dhadkan, and Main Hoon Na. His influence extends beyond the screen, as he invests in a new wave of family legacy in Indian cinema. His son, Ahan Shetty, made his debut in 2021 with Tadap, gaining praise as he navigates his journey in Bollywood. The Shettys’ latest real estate acquisition underscores their lasting influence, both on-screen and in the high-end property market.

A Glimpse into the Bollywood Real Estate Trend

The Shettys’ investment further highlights a trend among Bollywood families expanding their portfolios in Mumbai’s premium areas. Bandra’s celebrity residences underscore the intersection of Bollywood’s cultural impact and high-end real estate value, making this a significant purchase within the entertainment and property sectors.