Mumbai’s premium residential market witnessed a notable acquisition as Agam Kumar Nigam, the father of playback singer Sonu Nigam, purchased a 1,197 sq m land parcel along with a mixed-use building on Madh Island for ₹10 crore. The property, registered on February 18, 2026, includes a ground-plus-one-floor commercial and residential structure, reflecting ongoing demand for consolidated, high-value estates in Mumbai’s coastal neighbourhoods.
The transaction, documented with Liases Foras, covers Mango Villa within Suchak Cooperative Housing Society Limited. It comprises a 2,329 sq ft commercial IT structure spanning the ground and first floors, alongside a 725 sq ft residential unit. Stamp duty and registration payments amounted to ₹50 lakh and ₹30,000 respectively. The sellers were identified as Swapna Kak and Rani Doshi (Verma), also known as Rani Amar Verma. Neither the buyer nor the sellers were available for comment at the time of reporting. Local property analysts note that Madh Island has evolved into a niche enclave for high-net-worth individuals and entertainment professionals. “Coastal connectivity, proximity to Andheri, and upcoming infrastructure such as the Bandra-Versova Sea Link are driving premium residential demand,” said a senior real estate broker based in Mumbai. Recent sales activity, including acquisitions by TV producer Rajan Shahi and singer Jubin Nautiyal, signals increasing investor interest in the area.
Over the past three years, residential property rates in Madh Island have doubled, currently averaging around ₹37,000 per sq ft. This surge is largely attributed to improved road access via the Madh Island–Versova bridge and planned integration with Mumbai’s Coastal Road project. Urban planners suggest that these infrastructure developments are redefining the local real estate landscape, enabling both residential densification and mixed-use development while maintaining a coastal identity. Agam Kumar Nigam’s acquisition adds to a growing trend of entertainment industry stakeholders investing in Mumbai’s fringe neighbourhoods. Experts indicate that the purchase reflects not only lifestyle preferences but also the strategic consolidation of land and built assets in zones with long-term appreciation potential. “Madh Island’s unique positioning as a semi-isolated yet well-connected locale offers both privacy and growth potential,” said a property market analyst.
This transaction also highlights the continuing intersection between Mumbai’s residential and commercial real estate markets, where small-scale commercial structures integrated with residential units provide flexible use options. Analysts observe that such mixed-use acquisitions cater to evolving work-from-home and live-work trends, particularly among high-income households. As Mumbai’s western suburbs continue to attract investors from creative and high-income sectors, Madh Island’s premium segment is likely to see further activity, underpinned by infrastructure improvements, limited land availability, and the area’s appeal as a lifestyle-driven residential enclave.
Sonu Nigam’s Father, Agam Kumar Nigam Acquires Mumbai Madh Island Property For Rs 10 Crore
