Mumbai’s upscale Bandra West neighbourhood recently witnessed a high-profile property transaction as celebrated Bollywood filmmaker Subhash Ghai and his wife Mukta Ghai acquired a 4 BHK apartment at 81 Aureate for Rs 24 crore. The acquisition, documented at the city’s IGR office on February 3, follows the couple’s recent sale of a 14th-floor Andheri apartment for Rs 12.85 crore, reflecting both strategic relocation and the premium appeal of Bandra West for affluent residents.
The new apartment spans a carpet area of 4,364 sq. ft. (405.42 sq. m.) and a built-up area of approximately 5,239 sq. ft. (486.69 sq. m.), featuring three dedicated car parking spaces. The transaction attracted stamp duty payments of Rs 1.44 crore alongside registration charges of Rs 30,000, underscoring the financial scale of luxury real estate deals in the city. Located within a 4.48-acre development by MJ Shah Group, 81 Aureate offers a blend of luxury, connectivity, and lifestyle amenities. Its proximity to the Bandra Kurla Complex (BKC), key IT corridors, and essential civic infrastructure makes it an attractive choice for high-net-worth individuals seeking minimal commute and integrated urban living. The project also includes landscaped gardens, community spaces, and high-street retail, reflecting growing buyer preference for sustainable, self-contained residential environments. Industry experts note that Bandra West has emerged as one of Mumbai’s most sought-after neighbourhoods for celebrities, corporate executives, and business owners. “The appeal lies in a combination of convenience, lifestyle, and social prestige,” an urban real estate analyst said. “
Transactions by public figures like Subhash Ghai reinforce confidence in the locality and sustain premium valuations.” Other prominent residents include Bollywood actors such as Suniel Shetty, Ranveer Singh, Deepika Padukone, and Sonakshi Sinha, as well as sports personalities like KL Rahul, highlighting the area’s enduring cachet. Recent data from Square Yards Project Data Intelligence shows that 81 Aureate registered eight transactions worth a cumulative Rs 76 crore between February 2024 and January 2025. The average resale price for a 4 BHK apartment in the project stands at Rs 51,636 per sq. ft., while average monthly rental demand hovers around Rs 8.5 lakh. Such figures indicate robust liquidity and high investor confidence in premium residential properties within established neighbourhoods.
As Mumbai continues to grapple with limited land availability and high urban density, developments like 81 Aureate illustrate the market’s shift toward vertical, amenity-rich residential spaces that cater to both lifestyle and sustainability. The Ghai couple’s move underscores an evolving urban preference: combining convenience, connectivity, and community-oriented luxury in city cores.
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