Television and film actor Tejasswi Prakash has entered Mumbai’s premium residential market with the acquisition of a 1,303 sq ft apartment in Bandra Reclamation. The property, located on the 14th floor of the under-construction Bay Heights project by Hiranandani Developers, was registered on February 16, 2026, for ₹7.63 crore. The transaction included two dedicated parking spaces and involved stamp duty and registration fees totalling approximately ₹38.3 lakh.
According to property records, the actor paid a 10 per cent booking amount upfront, with the remaining balance scheduled to be settled through 12 instalments by the time the building obtains its occupation certificate. Bay Heights, a high-rise development along Bandra’s western waterfront, is expected to be ready for possession by November 2030. Bandra Reclamation has long been recognised as one of Mumbai’s most sought-after residential micro-markets, offering premium high-rise living with proximity to the Bandra-Worli Sea Link, commercial hubs, and lifestyle amenities. Urban planners note that celebrity investments in such locations often underscore both market confidence and the enduring appeal of waterfront properties that integrate accessibility with panoramic sea views.
The acquisition highlights broader trends in Mumbai’s high-end housing segment, where well-connected, RERA-compliant developments continue to attract high-net-worth individuals seeking long-term residential or investment value. Industry observers note that the involvement of public figures often generates a ripple effect, raising visibility for surrounding projects and influencing premium pricing benchmarks in the neighbourhood. Experts also point out that under-construction high-rises like Bay Heights are increasingly designed with sustainability and integrated urban infrastructure in mind. Incorporating green building principles, energy-efficient systems, and thoughtful community planning can enhance both livability and property value over the long term.
Market analysts suggest that while Bandra Reclamation remains a niche market, transactions by prominent actors such as Tejasswi Prakash reflect strategic residential investment decisions. The choice of high-rise apartments in central coastal locations aligns with trends favouring vertical density, walkable neighbourhoods, and access to multimodal transport corridors, balancing lifestyle aspirations with urban sustainability considerations. For Mumbai’s wider residential ecosystem, the transaction signals continued demand for well-positioned, premium housing and reinforces the importance of integrated planning, environmental compliance, and long-term infrastructure development in sustaining the city’s high-value housing markets.
Tv Actor Tejasswi Prakash Acquires High Rise Apartment In Bandra
