Bollywood and real estate often intersect in intriguing ways—whether it’s record-breaking purchases, iconic bungalows, or celebrity-led transactions that turn into market-moving events. One such moment occurred recently when superstar Salman Khan sold his apartment in Mumbai’s Bandra West for ₹5.35 crore.
While on the surface, it may seem like just another high-value property deal, this transaction has deeper implications for Mumbai’s real estate ecosystem, especially the luxury housing segment.
According to official registry records, Salman Khan sold his 1,265 sq. ft. apartment on the 14th floor of Shiv Asthan Heights, located in Bandra West’s Carter Road area. The buyer, Ketan Gada from Khar West, purchased the apartment at a rate of approximately ₹42,000 per sq. ft, registering the deal on July 10, 2025.
While not his primary residence—Salman Khan continues to reside at the iconic Galaxy Apartments—this transaction reflects a larger trend among celebrities and HNIs: portfolio rationalization and strategic divestment in a maturing market.
Bandra West remains one of the most coveted micro-markets in Mumbai. Known for its blend of glamour, culture, sea-facing properties, and premium social infrastructure, Bandra continues to attract top-tier buyers.
This sale once again puts the spotlight on Luxury Apartments in Bandra, especially in locations like Carter Road, Pali Hill, and Bandstand. Despite rising inventory in suburbs like Thane and Lower Parel, Bandra remains unmatched in terms of location value, brand equity, and aspirational appeal.
In the post-COVID landscape, Mumbai’s luxury housing market has shown significant resilience. This transaction reinforces that properties in prime locations like Bandra continue to fetch strong prices—even in the secondary market. It suggests that end-user and investor confidence in high-end Mumbai real estate remains robust.
When a celebrity like Salman Khan makes a move in the property market, it draws public interest. But more importantly, it affects buyer sentiment. These transactions often validate pricing in a micro-market and increase enquiry levels, especially for similar properties in the vicinity.
It’s not uncommon for luxury brokers to use celebrity proximity or previous ownership as a key marketing hook for listings—something that will likely happen with similar luxury apartments in Bandra.
While the new-launch luxury market gets the lion’s share of media coverage, this sale shines a light on the resale potential of older premium apartments. At ₹5.35 crore, the apartment commanded a strong rate even though it was not part of a new development.
This encourages both investors and individual homeowners who hold luxury units in Bandra to reconsider the timing and strategy of resale in the current bullish cycle.
This sale might also reflect a larger behavioral trend. Celebrities today are more pragmatic about asset management. Rather than holding underused properties, many prefer to liquidate and reinvest in assets that are either better located, more functional, or aligned with personal/business goals.
Given Salman Khan's continued presence at Galaxy Apartments and ownership of other real estate assets, this sale likely reflects portfolio optimization rather than a shift in location.
For those seeking luxury apartments in Bandra, this transaction serves as both a price benchmark and a confidence signal. It proves that the Bandra luxury market isn’t slowing down—it’s simply becoming more discerning.
Whether you're an end-user looking for a sea-facing home in Carter Road or an investor eyeing long-term value, Bandra remains a strategically sound micro-market. Properties here offer:
High appreciation potential
Strong rental demand from expats and business professionals
Lifestyle convenience: international schools, restaurants, cafes, and cultural hubs
Salman Khan’s ₹5.35 crore property sale is more than just a celebrity headline—it is a pulse check for Mumbai’s luxury housing sector. It underscores Bandra’s lasting appeal, highlights the growing relevance of the secondary luxury market, and validates pricing in a key micro-market.
In a city where luxury real estate is more than a transaction—it’s a status symbol, a lifestyle choice, and a long-term asset—this sale will be remembered as a moment of clarity for buyers, sellers, and the market at large.