Bollywood Sultan Salman Khan‘s sister Arpita Khan has reportedly sold the apartment gifted by her brother for Rs 22 crore.
According to Indian media, Salman, Sohail and Arbaaz Khan’s adopted sister Arpita Khan bought this luxury apartment in 2017, which is located in the Flying Carpet Building in the posh area of Mumbai.
According to reports, the property was worth around Rs 18 crore in 2017.
It is said that this 2500 square feet apartment is not only grand and big but also includes a spacious terrace of 1600 square feet.
Along with this, the apartment also has a parking facility for nine cars.
According to various reports, Salman Khan gifted this flat to Arpita Khan Sharma and her husband Aayush Sharma.
According to reports, Arpita Khan has sold her luxury apartment to Shivaya Cinewise Pvt Ltd and the deal was completed on 10 October 2024.
It is being told that for the official transaction of this high-end property, the buyer had to spend Rs 30 thousand in registration and Rs 1.32 crore in additional stamp duty.
It should be noted that this property is located in a prime area of Mumbai, close to Pali Hill, Bandra Bandstand, Carter Road and Gymkhana Club.
Some of the biggest Bollywood stars like Shahrukh Khan, Salman Khan, Rekha, Ranbir Kapoor and Naseeruddin Shah also reside in this area.
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Interview with Real Estate Expert, Neha Desai, on Arpita Khan’s Apartment Sale
Editor: Thank you for joining us, Neha. Today, we’re discussing the recent sale of the luxurious apartment that Arpita Khan, sister of Bollywood superstar Salman Khan, sold for Rs 22 crore. This property, gifted by Salman in 2017, has seen significant appreciation in value. What are your thoughts on the real estate dynamics in Mumbai, particularly in posh areas like Bandra?
Neha Desai: Thank you for having me. The appreciation from Rs 18 crore to Rs 22 crore in just a few years highlights the robust demand for luxury properties in prime locations like Bandra. The area is a hotspot for many Bollywood celebrities, which adds to its allure and market value.
Editor: Absolutely, the location plays a crucial role. With Mumbai’s real estate market being notoriously volatile, do you think this sale sets a precedent for future transactions among celebrity properties?
Neha Desai: It’s possible. High-profile sales like this draw attention not just from buyers, but also from investors. It shows that there’s still a strong demand despite economic fluctuations. Arpita’s apartment, with its large terrace and parking for nine cars, is truly an attractive offering, and it might encourage more similar transactions where luxury and convenience are prioritized.
Editor: Interesting perspective! Given that high-end real estate often caters to a niche market, do you think average buyers can realistically aspire to invest in such properties, or is this solely a celebrity affair?
Neha Desai: That’s a pertinent question. While properties like Arpita’s may seem out of reach for the average buyer, the luxury market does influence adjacent markets, often driving up prices in surrounding areas too. This could create opportunities for other buyers, albeit at different scales. However, it does kindle a debate about accessibility in real estate—are we seeing a widening gap between high-end investments and the average buyer’s market?
Editor: Great points, Neha! Lastly, what would you say is a key takeaway from Arpita Khan’s apartment sale for potential homebuyers in Mumbai?
Neha Desai: The key takeaway would be the importance of location and amenities. Buyers should consider long-term value, especially in sought-after neighborhoods. An investment that seems extravagant today can yield significant returns tomorrow, provided one chooses wisely.
Editor: Thank you, Neha, for sharing your insights! Now to our readers, what do you think about the sale of Arpita Khan’s apartment? Does this highlight a growing trend of celebrity influence in real estate, or is it merely a reflection of the existing luxury market? Join the discussion!
Ing facilities, is incredibly appealing. This kind of transaction could encourage more celebrities to invest in luxury properties, knowing that they can also yield substantial returns.
Editor: Definitely a lucrative market! Given that Arpita purchased the apartment for Rs 18 crore in 2017, do you believe there are specific factors that contributed to its increased valuation?
Neha Desai: Several factors play a role in property valuation, especially in luxury segments. The overall growth of the Bandra area, the quality and amenities of the property itself, and even market sentiment can heavily influence prices. Additionally, having a well-known owner like Arpita Khan certainly adds celebrity value which can boost demand and price appreciation.
Editor: That’s an interesting point. Moving forward, what do you think buyers in the luxury market should keep an eye on, especially in high-demand areas like Bandra?
Neha Desai: Buyers should look for properties that offer unique features—like expansive terraces, modern amenities, and sufficient parking—along with solid infrastructure and proximity to key locations. The luxury market often responds well to exclusivity and comfort, so those features can greatly enhance property value.
Editor: Thank you, Neha, for your insights! It’s fascinating to see how personal stories, such as that of Arpita Khan’s apartment, intersect with broader market trends.
Neha Desai: My pleasure! It’s always exciting to discuss how the real estate landscape evolves, especially in a vibrant city like Mumbai.
