Veteran actor Madhuri Dixit Nene and her husband, Dr. Shriram Madhav Nene, have completed the sale of their residential apartment in Mumbai’s upscale Juhu locality for ₹3.9 crore, reinforcing the sustained demand for premium housing in one of the city’s most tightly held micro-markets. Property registration records accessed through real estate analytics platform CRE Matrix indicate that the transaction was formally registered on December 15, 2025. The apartment is located on the fourth floor of Iris Park, part of the Deep Varsha Co-operative Housing Society on Military Road, Juhu—an address known for limited inventory, celebrity ownership, and proximity to Mumbai’s western coastline. The unit measures approximately 780.13 square feet of carpet area, aligning with the compact yet high-value profile typical of older but well-positioned Juhu residential developments.
Transaction documents show that the total consideration for the sale stands at ₹3.9 crore, with an additional refundable security deposit of ₹19.5 lakh paid by the buyer, Mrs. Darshana Ghatlia. Notably, the buyer benefited from a one per cent stamp duty concession under the Maharashtra government’s incentive scheme for women homebuyers, a policy measure aimed at encouraging female property ownership and improving formal registration participation. The deposit amount was included in the stamp duty calculation, in line with prevailing registration norms. From an investment perspective, the deal highlights the long-term appreciation potential of Mumbai’s established residential hubs. Madhuri Dixit Nene and Dr. Nene had acquired the apartment in June 2012 for approximately ₹1.96 crore. Over a holding period of nearly 13 years, the asset has almost doubled in value, underscoring the resilience of Juhu’s residential pricing despite market cycles, regulatory shifts, and evolving buyer preferences.
For the broader real estate and policy ecosystem, the transaction offers several takeaways. First, it reflects the continued attractiveness of legacy prime locations over newer peripheral developments, particularly for end-users and high-net-worth buyers seeking stability and liquidity. Second, it highlights the impact of targeted fiscal incentives—such as stamp duty concessions—in shaping buyer decisions and transaction structuring. Finally, the deal reinforces the role of transparent data platforms like CRE Matrix in improving market visibility and confidence. As Mumbai’s luxury residential market becomes increasingly selective, such transactions indicate that well-located, mid-sized apartments in premium neighborhoods continue to command strong valuations and reliable long-term returns.