Bollywood actor Sonakshi Sinha sells apartment in Mumbai for Rs 22.50 cr
Bollywood star Sonakshi Sinha recently sold a luxury apartment in Bandra West, Mumbai, for Rs 22.50 crore, showing a 61% appreciation since its 2020 purchase. The 4,211 sq ft apartment includes three car parking spaces. Such high-value property sa...
The transaction incurred a stamp duty payment of Rs 1.35 crore, showed the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra documents reviewed by Square Yards.
The same apartment was bought by Sinha in March 2020 for Rs 14 crore and the latest transaction, reflecting a 61% appreciation in value since the purchase. Notably, the actress owns one more apartment in the same luxury residential tower.
The recent high-value property sale transactions by high-net-worth individuals (HNIs), including Bollywood celebrities, can be broadly attributed to either price appreciation over the last 2-3 years, or plan to offset long-term capital gains from realty against stock market losses—known as tax harvesting--or even combination of these.
Real estate continues to be a top investment choice for high net-worth individuals. Bollywood celebrities and sports personalities have been actively acquiring properties, recognizing the value of these assets not just for personal use but also as an attractive investment opportunity that can contribute to their growing wealth portfolios.
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