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Bollywood superstar Salman Khan has made headlines once again, this time not for a film release or a box office record, but for a real estate transaction in Mumbai’s elite Bandra West locality. According to property registration documents reviewed by Square Yards, Salman Khan sells Bandra West apartment for ₹5.35 crore, adding yet another high-value deal to his real estate portfolio.
Key Highlights of the Sale
The apartment in question is located in the high-rise tower Shiv Asthan Heights, situated on 16th Road in Bandra West. The property spans a built-up area of approximately 1,318 sq. ft. (or 122.45 sq. m.) and includes three dedicated car parking spaces, a premium feature in a city like Mumbai. The transaction was officially registered on July 15, 2025, incurring a stamp duty of ₹32.01 lakh and registration charges of ₹30,000.
Also Read: Shikhar Dhawan’s New Home: Ultra-Luxury Flat in Gurugram’s The Dahlias for ₹69 Crore
Previous Lease Details
Interestingly, the apartment was not just owned but also previously leased by the actor. In February 2023, Salman Khan had rented out this 14th-floor unit for a period of 36 months. The lease agreement was signed with Rajesh Harishchandra Gandhi, starting at a monthly rent of ₹1.5 lakh. The rent was structured to escalate annually, reaching ₹1.65 lakh by the third year of the lease.
This suggests that Salman Khan sells Bandra West apartment after a well-planned lease period, potentially as part of a larger portfolio realignment.
Why Bandra West Remains a Hotspot
Bandra West is one of the most sought-after addresses in Mumbai’s real estate landscape. Known for its blend of heritage charm and modern infrastructure, the locality attracts celebrities, business leaders, and global investors alike. Its excellent connectivity through the Western Express Highway, Bandra railway station, and the upcoming Metro lines only adds to its appeal.
The area is also located in proximity to major commercial hubs like Bandra Kurla Complex (BKC), Lower Parel, and Chhatrapati Shivaji Maharaj International Airport, making it a preferred location for both residential and investment purposes.
Salman Khan’s Real Estate Footprint
While news that Salman Khan sells Bandra West apartment might raise eyebrows, it aligns with the actor’s recent focus on optimizing his real estate assets. Earlier in 2023, Khan made headlines for signing one of Mumbai’s biggest commercial lease deals. He leased out a 23,042 sq. ft. retail space in Santacruz to Landcraft Retail Pvt Ltd for ₹90 lakh per month. That agreement included a security deposit of ₹5.4 crore and an annual rental value of approximately ₹12 crore.
Apart from his real estate investments, Salman Khan continues to be active in films and philanthropic work. His recent movie ventures include Sikander (2025), and he remains a driving force behind the Being Human Foundation.
Security Upgrades Post-Incident
Earlier this year, the actor also carried out major security upgrades at his long-time residence, Galaxy Apartments, following a shooting incident outside the building. These updates were a part of broader safety measures being undertaken by the actor in recent months.
Also Read: Bollywood Icon Jaideep Ahlawat Invests ₹10 Crore in Luxury Mumbai Apartment
Final Thoughts
The news that Salman Khan sells Bandra West apartment for ₹5.35 crore is yet another example of high-value property deals involving Bollywood celebrities. It not only highlights the ongoing demand for luxury real estate in prime Mumbai locations but also signals how A-listers like Khan continue to strategically manage their property portfolios.
As property rates in areas like Bandra West continue to climb, such transactions shed light on the enduring value of real estate in India's financial capital.
Ans 1. Salman Khan sold a 1,318 sq. ft. apartment in Shiv Asthan Heights, Bandra West, for ₹5.35 crore. The sale included three car parking spaces.
Ans 2. The sale was registered on July 15, 2025, with a stamp duty of ₹32.01 lakh and registration fees of ₹30,000.
Ans 3. Yes, Salman had leased the apartment in February 2023 for 36 months at ₹1.5 lakh monthly rent, which was set to rise to ₹1.65 lakh by the third year.
Ans 4. Bandra West is known for its upscale residential appeal, excellent connectivity, and proximity to business hubs like BKC and the airport, making it highly desirable.
Ans 5. In 2023, he leased out a 23,000+ sq. ft. retail space in Santacruz for ₹90 lakh per month, reflecting his strategy to optimize real estate holdings.