Shantanu Mukherji, widely recognized as Bollywood playback singer Shaan, and his wife, Radhika Mukherji, have made a significant investment in Mumbai's real estate market by purchasing three luxury flats in Bandra West. The total transaction, valued at ₹47.64 crore, was finalized with NVK Realty LLP, as confirmed by property registration documents obtained by CRE Matrix. These high-end apartments are situated on the upper floors of the Palmera project, located on Turner Road, and collectively cover an impressive area of 6,267.87 square feet. Each flat was acquired for around ₹15.88 crore, highlighting the couple's commitment to securing premium properties in one of Mumbai's most sought-after neighborhoods.
The registration of this transaction, which took place on August 20, 2026, incurred a stamp duty of ₹2.70 crore. In addition to the flats, the purchase includes nine designated car parking spaces, which are increasingly valuable in Mumbai's bustling urban landscape. Notably, the new residence was created by merging three individual apartments, allowing for a spacious living environment tailored to the couple's lifestyle. The luxurious condominium holds historical significance, as it was previously home to the esteemed veteran actress Mala Sinha, adding a layer of charm to the property.
Shaan and Radhika Mukherji are not new to the luxury real estate market. Last year, they acquired a lavish bungalow in Prabhachiwadi, Pune, for ₹10 crore. This property features a plot of approximately 0.4 hectares and a built-up area of around 5,500 square feet, demonstrating their preference for expansive and high-end living spaces. The transaction in Pune also involved a significant stamp duty of ₹50 lakh and a registration fee of ₹30,000, further illustrating the couple's investment strategy in premium real estate.
The luxury housing market in Mumbai has shown robust activity, with a reported 1,499 luxury property registrations worth ₹14,903 crore between April and June, according to the Lighthouse Luxury Quarterly Luxury Real Estate Report cited by Mumbai Mirror. This trend reflects a growing demand for high-end residences in the city, making the Mukherjis' acquisition timely and strategic. As a celebrated playback singer with a career spanning over two decades, Shaan has garnered numerous accolades and a dedicated fan base, showcasing the intersection of celebrity status and real estate investment in Mumbai's vibrant market.
