Gauri Khan Sells ₹11.61 Crore Luxury Apartment in Mumbai’s Dadar West

Gauri Khan has sold a 2000 sq ft apartment in Dadar West, Mumbai, for ₹11.61 crore. The transaction was registered on March 28, 2025, as per property documents accessed by Zapkey. The flat is located in Kohinoor Altissimo, a residential project developed by Kohinoor CTNL Infrastructure Pvt Ltd. The project is part of Kohinoor Square, a mixed-use development offering residential and commercial spaces in central Mumbai.

The buyers, Devendra Chaukar and Vandana Agarwal, have acquired 87.5% and 12.5% shares, respectively. The property includes two parking spaces, and the rate per square foot is calculated at ₹58,507 based on the built-up area. The apartment is situated on the 21st floor of the building, providing views of the city.

Gauri Khan originally purchased the apartment in August 2022 for ₹8.5 crore. Over this period, the property has appreciated by 37%, reaching the current sale value. The increase in value aligns with the trend of rising prices in Mumbai’s prime residential areas, where demand for high-end properties remains strong despite market fluctuations.

The sale takes place amid ongoing renovations at Mannat, the residence of Shah Rukh Khan and his family. The renovation involves an extensive expansion of the annexe, leading to a temporary relocation. Shah Rukh Khan has leased two duplex apartments in Pali Hill, Khar, for three years at a total rent of ₹8.67 crore. The renovation at Mannat is expected to last nearly two years, requiring the family to move to a temporary residence.

Mumbai’s luxury real estate market continues to see high-value transactions, driven by demand for premium properties in central locations. In the past three years, ₹7,500 crore has been invested in 49 ultra-luxury homes priced at ₹100 crore or more. In 2024 alone, transactions worth ₹3,652 crore were recorded. The first two months of 2025 saw four ultra-luxury homes sold, amounting to ₹850 crore. Mumbai accounted for 69% of these high-value transactions, followed by Delhi NCR, according to a study by JLL.

The sale of Gauri Khan’s apartment also reflects the financial benefits of real estate investments in Mumbai’s upscale neighborhoods. Many investors in luxury real estate consider properties in locations like Dadar West, Worli, and Bandra as long-term assets with strong appreciation potential. Projects like Kohinoor Altissimo attract buyers due to their strategic location, modern amenities, and connectivity to commercial hubs.

Market analysts note that the luxury segment in Mumbai has remained resilient, even as other real estate segments faced challenges. Factors such as limited availability of prime properties, high demand from affluent buyers, and infrastructure developments contribute to this growth. Additionally, developers continue to focus on premium housing projects, reinforcing Mumbai’s position as a key destination for luxury real estate.

Industry experts believe that the appreciation in property values seen in transactions like Gauri Khan’s sale may encourage further investment in high-end residential projects. The trend of Bollywood celebrities and high-net-worth individuals buying and selling luxury properties also impacts market dynamics, setting benchmarks for pricing and demand.

This sale highlights the demand for premium properties in Mumbai and reflects the consistent appreciation in property values in sought-after locations. It also indicates the influence of large-scale renovations and relocations by high-profile individuals on the city's real estate landscape. The trend of significant price appreciation in short periods continues to make luxury real estate an attractive investment option for buyers in Mumbai.