Renowned Bollywood actress Kajol Devgan has made a significant investment in Mumbai’s commercial real estate market by purchasing a premium retail property in Goregaon West. As per documents accessed via real estate analytics platform IndexTap.com, the actress acquired a 4,365 sq. ft. commercial unit located on the ground floor of Bharat Arize, a mixed-use development in Bangur Nagar, for a total transaction value of ₹28.78 crore.
Prime Commercial Location
The property is situated in Bangur Nagar — one of the busiest and fastest-growing commercial micro-markets in Mumbai’s western suburbs. Strategically located with access to Link Road, SV Road, and Goregaon Railway Station, the area is increasingly becoming a hotspot for retail outlets, showrooms, and office spaces, making it a favorable destination for investors looking for capital appreciation and stable rental income.
Kajol’s purchased unit, shop number 1 on the ground floor, forms part of the commercial section of Bharat Arize, a newly constructed tower with both residential and retail segments. The building is located in a high-footfall zone and is likely to attract strong leasing interest from top-tier brands or franchise-based retail chains.
Transaction Details
- Property Type: Commercial Retail Unit
- Location: Bharat Arize, Bangur Nagar, Goregaon West, Mumbai
- Carpet Area: 4,365 sq. ft.
- Rate per Sq. Ft.: ₹65,940
- Total Value: ₹28,78,00,000 (₹28.78 crore)
- Parking Included: 4–5 dedicated car parking spaces
- Stamp Duty Paid: ₹1.72 crore
- Date of Registration: March 6, 2025
The purchase was officially registered with the Mumbai Sub-Registrar’s Office, and the stamp duty payment of ₹1.72 crore underscores the transaction’s high-value nature. The price per square foot—₹65,940—places this deal among the top-tier commercial property transactions in the area for Q1 2025.
Strategic Investment Move
This acquisition is viewed as a strategic investment move by Kajol, signaling growing interest among high-net-worth individuals and Bollywood celebrities in commercial real estate. Unlike residential properties, commercial units typically offer higher rental yields (7–10%), long-term lease opportunities, and capital stability — especially in well-connected suburbs like Goregaon.
In recent years, celebrities like Ajay Devgn, Shahid Kapoor, and Alia Bhatt have made similar investments in Mumbai’s commercial corridors. Notably, Kajol and her husband Ajay Devgn had earlier purchased office spaces in Mumbai’s Andheri suburb, further solidifying their portfolio in the city’s booming property sector.
Why Goregaon West?
Goregaon West has emerged as a commercial and cultural nucleus, balancing high-end residential towers, educational institutions, film production studios, malls (like Inorbit and Oberoi Mall), and media companies. The location’s growing infrastructure and connectivity via the Western Express Highway, Mumbai Metro Line 2A, and local railways have increased its real estate value exponentially in recent years.
Experts believe that commercial units in this area are currently undervalued compared to other western suburbs like Andheri and Bandra, offering lucrative upside potential.
Market Insight:
Real estate analysts note that high-value celebrity investments like this one boost investor confidence in the commercial segment. “Kajol’s acquisition in Goregaon West reflects the increasing shift of HNIs toward revenue-generating assets like retail spaces and showrooms,” said a senior property consultant in Mumbai. “We’re witnessing a clear pattern where celebrities are diversifying into commercial spaces rather than just investing in residential properties.”
Conclusion
Kajol’s ₹28.78 crore investment in a premium commercial unit in Goregaon West signals both financial foresight and a strong understanding of Mumbai’s evolving property landscape. As real estate continues to be a preferred asset class for celebrities, this acquisition reinforces the appeal of commercial investments in high-demand urban pockets.
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