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Veteran playback legend Asha Bhosle, along with her son Anand Bhosle, has recently concluded a high-profile real estate transaction in Pune. The duo sold their luxurious 3,401 sq ft apartment in the city for a substantial ₹6.15 crore. This sale, officially registered on July 14, 2025, marks a significant return on their original investment, highlighting the long-term value of luxury real estate in prime Indian metros.
Property Details: A Profitable Exit for Asha Bhosle
According to data from real estate analytics firm CRE Matrix, Asha Bhosle had originally acquired the apartment in February 2013 for ₹4.33 crore. Over a span of 12 years, the asset appreciated by an estimated 42%, signaling a lucrative capital gain. The spacious apartment, located on the 19th floor of the elite residential project Panchshil One North, features a 182 sq ft private terrace and comes with five dedicated parking bays, a rarity in urban India.
The apartment was sold to Pune-based individuals, Prerna Gaikwad and Sangram Gaikwad, who will now enjoy a fully serviced, upscale lifestyle in one of Pune’s most sought-after neighbourhoods, near Magarpatta City. The property is surrounded by premium amenities, offering an unmatched urban experience.
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Transactional Insights: Stamp Duty and Registration
The deal incurred a stamp duty of over ₹43 lakh, along with a registration fee of ₹30,000, in line with prevailing property registration norms in Maharashtra. The transaction was officially recorded in mid-July 2025, affirming its legal finalisation and establishing transparency in high-value real estate dealings.
Panchshil One North, developed by the reputed Panchshil Realty, is a landmark in Pune’s premium housing segment. The building is strategically located just 9 km from Pune International Airport, 6 km from the bustling IT hub of Kharadi, and approximately 25 km from Hinjewadi, one of the largest IT clusters in India. Its proximity to employment zones and high-end social infrastructure adds to its long-term investment appeal.
Pune Real Estate: Where the Market Stands Now
This high-value celebrity sale comes at a time of evolving trends in Pune’s residential property market. According to a recent report published by Gera Developments, Pune saw the launch of 88,000 new housing units between July 2024 and June 2025. This marks a dip from the 99,000 launches during the corresponding period the previous year.
Meanwhile, the report highlighted that residential sales fell by 8% year-on-year — from 93,737 units in June 2024 to 86,666 units by June 2025. Despite this moderation in sales volumes, the average property prices in Pune appreciated by 7.3%, underlining the resilience and sustained demand in key micro-markets such as Kharadi, Magarpatta, and Wakad.
Celebrity Sales Signal Trust in Real Estate Assets
The sale of Asha Bhosle’s apartment is not merely a transaction, it’s a market signal. In the wake of cautious optimism in the housing sector, such high-profile exits validate the enduring appeal of branded luxury properties in metro cities. Despite cyclical slowdowns in sales volumes, homes in landmark projects, especially those in well-planned localities , continue to attract premium buyers seeking long-term value.
The transaction also reflects a strategic approach to asset monetisation by celebrity investors, many of whom are opting to rebalance their portfolios amidst changing macroeconomic conditions and emerging real estate hotspots.
Also Read: Subhash Ghai Rents Out Mumbai Commercial Property for ₹3.38 Lakh Monthly
Final Thoughts
Asha Bhosle’s profitable real estate exit underscores the strength of Pune’s premium residential market. For investors and homebuyers, this transaction reinforces the idea that location, developer credibility, and market timing are critical in maximising returns.
In an environment where luxury projects are drawing renewed interest from both NRIs and domestic buyers, deals like this offer a compelling case for investment in India’s top-tier real estate corridors. As the city continues to evolve as a tech and lifestyle hub, premium projects such as Panchshil One North are likely to remain hot picks for discerning investors.
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Ans 1. The apartment was purchased by Pune residents Prerna Gaikwad and Sangram Gaikwad for ₹6.15 crore. The transaction was officially registered on July 14, 2025.
Ans 2. Asha Bhosle had originally bought the apartment in 2013 for ₹4.33 crore. Over 12 years, the property appreciated by approximately 42%, resulting in a notable capital gain and highlighting the long-term investment potential of luxury real estate.
Ans 3. The property is located on the 19th floor of Panchshil One North near Magarpatta City, Pune. Spanning 3,401 sq ft, it includes a private 182 sq ft terrace and five dedicated parking spots, offering both luxury and rare urban convenience.
Ans 4. The deal incurred a stamp duty of over ₹43 lakh and a registration fee of ₹30,000, as per Maharashtra’s applicable property transaction norms.
Ans 5. Panchshil One North is a landmark luxury project by Panchshil Realty, known for upscale residential and commercial developments in Pune. The project’s proximity to Kharadi IT hub, Pune Airport, and premium social infrastructure enhances its desirability.
Ans 6. While Pune saw an 8% year-on-year dip in residential sales, it also experienced a 7.3% rise in average property prices, indicating steady demand in key micro-markets like Kharadi, Wakad, and Magarpatta despite fewer new launches.
Ans 7. The sale reflects a strategic trend among celebrities monetising high-value assets to rebalance portfolios. It also signals trust in real estate as a long-term wealth-building avenue, especially in metro cities.
Ans 8. Yes, luxury homes continue to attract end-users and investors, particularly in branded developments with strong location advantages. Even in slower markets, premium units tend to retain value and draw interest due to their scarcity and quality.