Deepika Padukone’s company buys an apartment for Rs 17.8 crore in Mumbai’s Bandra West

Deepika Padukone’s company, KA Enterprises, has made headlines yet again with the acquisition of another high-end real estate property in the bustling city of Mumbai. This time, the company purchased a luxurious apartment in the upscale locality of Bandra West, for a whopping Rs 17.8 crore. This strategic move highlights the growing trend of Bollywood celebrities and high-profile individuals investing in real estate, particularly in prime locations like Bandra, which has been a preferred neighborhood for the elite.

The Property Details

Located in the Sagar Resham Co-operative Housing Society, this new acquisition includes a sprawling 1,845 square foot apartment. The property is part of a complex that offers both 4 BHK and 5 BHK apartments, all equipped with state-of-the-art amenities. The apartment itself is situated on the 15th floor, offering a bird’s-eye view of the vibrant cityscape. With a built-up area rate calculated at Rs 96,400 per square foot, the total value of the deal clearly underscores the premium nature of the property.

The seller of the apartment is Enorm Nagpal Realty LLP, while KA Enterprises LLP has been registered as the buyer. This acquisition is significant not just for its value but also for the strategic location in the heart of Mumbai’s most sought-after area.

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Bandra West is known for its celebrity residents, luxury apartments, and proximity to key landmarks like Carter Road, Bandstand, and Pali Hill. The location itself commands some of the highest real estate prices in Mumbai, ranging from Rs 50,000 to Rs 1.50 lakh per square foot depending on the area and age of the property.

Real Estate Stamp Duty and Registration

As per official documents accessed via Zapkey.com, KA Enterprises has not only shelled out ₹17.8 crore for the apartment but has also incurred additional costs. The stamp duty for the deal amounted to Rs 1.07 crore, along with registration charges of Rs 30,000. These costs are typical for high-value real estate transactions in Mumbai, which is known for its premium real estate market. The deal signifies yet another feather in the cap for Deepika Padukone and her company as they continue to build their real estate portfolio.

Related Deals: Ranveer Singh’s Investments

Interestingly, this deal is not the only high-profile real estate transaction linked to the Padukone-Singh family. Deepika’s husband, Bollywood star Ranveer Singh, has also been making waves in the real estate world. Just recently, Ranveer’s company, RS Filmcraft (OPC) Pvt Ltd, leased an apartment located next door to his mother’s residence on September 5, 2024.

The lease agreement revealed that the rent for the property is set at Rs 8.2 lakh per month, with a security deposit of Rs 73.8 lakh. The tenure of the lease agreement is 55 months, with an escalation provision that will see the rent increase to Rs 9.43 lakh per month after the first 33 months.

Additionally, Ranveer’s mother, Anju Bhavnani, had bought an adjacent apartment earlier this month for a staggering Rs 19.13 crore. This property spans 1,822.45 square feet and the deal incurred a stamp duty of ₹95.68 lakh, alongside a registration fee of Rs 30,000. The family's real estate investments in the Bandra area reflect their continued interest in expanding their presence in one of Mumbai’s most luxurious residential zones.

Bollywood’s Real Estate Fascination

The Padukone-Singh duo is not new to real estate investments. In a related media report, the couple was reported to have bought another property at the iconic Bandra Bandstand, close to Bollywood superstar Shah Rukh Khan’s residence, Mannat. This particular property is a sea-facing quadruplex, spread over an astounding 11,266 square feet of interior space, with an additional 1,300 square feet of terrace space. The property occupies four floors, from the 16th to the 19th, and is reportedly valued at over ₹100 crore. The couple had also previously purchased a bungalow in Alibaug, worth Rs 22 crore, in 2021.

Real Estate as a Strategic Investment

For Bollywood celebrities like Deepika Padukone and Ranveer Singh, real estate represents more than just a luxury lifestyle—it is a strategic investment. The escalating property values in Mumbai, especially in areas like Bandra, ensure that their real estate investments not only provide them with premium living spaces but also generate significant returns in the future. Bandra, in particular, has witnessed exponential growth in property prices, with rates crossing Rs 1 lakh per square foot in some areas. This trend is driven by its proximity to major film studios, business hubs, and the social circuit frequented by high-profile individuals.

The Growing Celebrity Real Estate Portfolio

The real estate market in Mumbai has always been attractive to the country’s elite, and Bollywood stars are no exception. With the likes of Shah Rukh Khan, Salman Khan, and Amitabh Bachchan owning massive properties in Bandra, Deepika and Ranveer’s latest acquisitions position them among the top real estate owners in the city. Their Bandra property investments indicate a clear preference for this high-value, well-connected suburb that boasts celebrity neighbors, luxurious amenities, and panoramic sea views.

As Deepika Padukone and Ranveer Singh continue to expand their real estate holdings, they are solidifying their status as not just Bollywood’s power couple but also prominent players in Mumbai’s real estate market. These investments reflect their long-term commitment to the city that has been the foundation of their careers and success.