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Zaheer Khan Acquires Luxury Apartment in Lower Parel, Mumbai for Rs 11 Crore

Renowned cricketer Zaheer Khan, along with his wife Sagarika Ghatge and her brother, recently purchased a luxurious apartment in Lower Parel, South Mumbai. The premium property, registered in February 2025, is valued at Rs 11 crore. Property Details & Transaction Costs Zaheer Khan s newly acquired residence features: Carpet Area: 2,158 sq ft (200.47 sq m) Built-Up Area: 2,590 sq ft (240.58 sq m) Parking Spaces: 3 The transaction incurred a stamp duty of Rs 66 lakh and a registration fee of Rs 30,000. About the Residential Project The apartment is part of the Indiabulls Sky project, developed by Equinox India Developments Ltd. According to RERA, this premium ready-to-move development spans three acres and offers 3-6 BHK apartments. The current average resale price in the project stands at Rs 49,096 per sq ft. Why Lower Parel is a Preferred Investment Hub Lower Parel is one of Mumbai s most elite residential neighborhoods, home to several celebrities and high-net-worth individuals (HNIs). Other notable figures such as Abhishek Bachchan and Shahid Kapoor have also invested in properties here. The locality offers proximity to corporate hubs like Bandra-Kurla Complex (BKC) and Nariman Point, making it an attractive choice for luxury homebuyers. Growing Demand for Luxury Real Estate Celebrity investments in premium residential projects highlight the long-term capital appreciation potential of Mumbai s real estate market. High-profile purchases also reflect the demand for exclusive, high-end living spaces. As Mumbai continues to witness increased investments in luxury properties, the trend is expected to further drive the city s premium real estate sector.