Mumbai, March 12, 2025:
In a significant addition to her investment portfolio, Bollywood actress Kajol Devgan has purchased a premium commercial retail property in Goregaon West for ₹28.78 crore, marking a high-profile transaction in Mumbai’s competitive property market.
According to official registration documents accessed via IndexTap.com, the deal was finalized on March 6, 2025. The property, situated on the ground floor of Bharat Arize in Bangur Nagar, spans 4,365 square feet and comes with four to five dedicated parking spaces—a rare asset in high-density commercial zones like Goregaon.
The commercial unit was acquired at a per square foot rate of ₹65,940, bringing the total transaction value to ₹28.78 crore. In addition, Kajol paid a stamp duty of ₹1.72 crore, as mandated by Maharashtra’s property registration regulations. The payment of such a significant stamp duty further reflects the high-value nature of this real estate acquisition.
This unit—Shop No. 1 on the ground floor—forms part of a newly developed mixed-use tower that combines residential and commercial elements. Its location in Bangur Nagar, a well-established neighborhood with high footfall, strategic road connectivity, and increasing retail demand, makes it a lucrative choice for long-term capital appreciation or high-end leasing.
Transaction Highlights (Integrated):
- The property spans 4,365 sq. ft. and is positioned on the ground floor of Bharat Arize, Bangur Nagar.
- The total transaction value stands at ₹28.78 crore, with a per sq. ft. rate of ₹65,940, placing this among the top commercial deals in the area for Q1 2025.
- The transaction includes exclusive rights to four to five car parking spaces, a crucial advantage in the bustling commercial zone of Goregaon West.
- The deal was officially registered on March 6, 2025, and involved the payment of ₹1.72 crore in stamp duty.
- The purchased space is Shop No. 1, positioned for optimal visibility and access.
This purchase underlines Kajol’s evolving approach to wealth management through real estate diversification. Unlike traditional celebrity investments in luxury homes, this acquisition points to a broader strategy aimed at generating stable rental income and long-term capital growth.
Celebrity Shift Toward Commercial Real Estate
Kajol’s move mirrors a larger trend among Indian celebrities and high-net-worth individuals who are increasingly viewing commercial real estate as a viable, income-generating asset class. Properties like retail units, office spaces, and showrooms offer longer lease periods, higher rental yields (typically 6%–10%), and lower vacancy risks compared to residential properties.
Kajol and her husband, actor-producer Ajay Devgn, are no strangers to this trend. The couple had previously invested in office spaces in Andheri, another key commercial hub of Mumbai, indicating their continued confidence in this asset segment.
Why Goregaon West?
Once considered a quiet residential suburb, Goregaon West has transformed into a thriving commercial hotspot, thanks to its excellent infrastructure and central connectivity. With the development of Mumbai Metro Line 2A, improved road networks, and proximity to malls, film studios, and corporate offices, the area has become a magnet for businesses looking to establish a physical presence.
The Bangur Nagar locality, where Kajol’s new property is located, is particularly known for its blend of residential catchment and high commercial viability. Its accessibility to both Link Road and SV Road ensures constant foot traffic, making it ideal for retail outlets, brand showrooms, and service-based businesses.
Market Perspective
Real estate analysts believe this transaction further strengthens confidence in Mumbai’s commercial property segment.
“Celebrity investments like this have a ripple effect,” says a senior property consultant at a leading Mumbai brokerage firm. “Kajol’s decision to buy such a premium commercial space shows how A-listers are turning to real estate not just for prestige, but as a well-researched, future-proof financial strategy.”
In Summary:
Kajol’s ₹28.78 crore commercial property acquisition in Goregaon West is more than just a star-studded transaction — it’s a calculated move in one of Mumbai’s most promising commercial corridors. With a prime retail unit, multiple parking slots, and excellent location advantages, the actress has added a high-performing asset to her real estate portfolio, aligning with the broader shift of celebrity investors seeking long-term financial security in commercial property.
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