In a notable real estate deal, Bollywood actor Sara Ali Khan and her mother, Amrita Singh, have acquired three office spaces in Mumbai’s Andheri West for over ₹30 crore. The first two office spaces in the Signature Building off Veera Desai Road were purchased for ₹22.26 crore. The deal, registered on October 10, 2024, also includes three parking spaces for each unit, covering an area of 2,099 sq ft per office. The stamp duty paid for the transaction amounted to ₹1.33 crore, as per property documents accessed by FloorTap.com.

Additionally, the mother-daughter duo acquired a third office on the fourth floor of the same building earlier in the year. The office, purchased from Aishwarya Property and Estate Pvt Ltd for ₹9 crore, spans 2,099 sq ft and includes three parking spaces. The deal was registered on July 11, 2024, with a stamp duty of ₹41.01 lakh.

This acquisition highlights the duo’s investment in Mumbai’s bustling commercial real estate sector, especially in a prime location like Andheri West, known for its proximity to media and entertainment hubs.

Mumbai’s real estate market has shown sustained growth, with over 1,05,664 property registrations in the first nine months of 2024, contributing ₹8,892 crore to the state exchequer. According to Knight Frank, property registrations saw a 12% year-on-year (YoY) growth, with revenue from these transactions increasing by 6% YoY during the same period. This consistent momentum is driven by economic prosperity and the increasing demand for commercial and residential properties in Mumbai.

In September 2024, Mumbai recorded 9,167 property registrations, though this reflected a 14% YoY decline due to the inauspicious Pitrupaksha period, during which individuals typically avoid significant purchases. Despite this temporary dip, residential units still made up 80% of the total registrations, underscoring the ongoing demand for housing in the city.

Sara Ali Khan and Amrita Singh’s substantial investment comes at a time when Mumbai’s property market continues to thrive, particularly in prime locations like Andheri West. Their decision to acquire premium office spaces reflects the ongoing confidence in Mumbai’s robust commercial real estate sector.