Ishq Wala Love singer Salim Merchant is now owner of Rs 12.85 crore commercial property in Mumbai’s Santacruz

Salim Merchant is now the proud owner of a luxurious commercial property in Mumbai’s Santacruz. According to CRE Matrix.com, the composer and four other buyers have purchased the property for a whopping Rs 12.85 crore from Shreeja Devcon Private Limited. The transaction was reportedly registered on October 7, and the buyers paid Rs 77.10 lakh stamp duty. According to CRE Matrix, Merchant has 50 percent ownership in shares. The other four buyers each possess a 12.5% stake in the property. The deal features commercial units with a total carpet area of 1,285 square feet, along with a car parking space.

The commercial premises occupy the ground and first floors of DLH Mangal Murti and include 575 sq ft of carpet area, while the first floor spans 710 sq ft, taking the total carpet area to 1,285 sq ft.

Salim is far from the only person in showbiz to have purchased commercial units in Mumbai. Recently, eminent singer Sonu Nigam was in the news for buying three commercial units in Mumbai’s Andheri West for a combined ₹17 crore. Numerous Bollywood stars have garnered attention for their investments in Mumbai's commercial real estate sector, either through property acquisitions or leasing them to earn significant rental revenue, according to real estate specialists. Among the celebrities who have invested in real estate in the city are Karisma Kapoor, Kareena Kapoor Khan, Saif Ali Khan, Salman Khan, Amitabh Bachchan, and Ajay Devgn.

Who Is Salim Merchant?

One half of the famed composer duo and siblings, Salim-Suleiman, Salim has roots in the Kutch area of Gujarat. The duo made their debut as composers with the 1997 movie Hameshaa and received some fame with the 1999 movie Pyaar Mein Kabhi Kabhi and rose to mainstream fame with movies such as Hum Tum, Mujhse Shaadi Karoge, No Entry, Salaam Namaste, Dhoom 2, etc. in the 2000s.

Aside from composing, Salim has also made a name for himself as singer with hit songs such as Ishq Wala Love (Student Of The Year) and Shukran Allah (Kurbaan), Aashayein (Iqbal) etc.