India’s real estate market continues to make headlines with jaw-dropping deals and celebrity acquisitions. In one of the biggest land deals in recent memory, the Mumbai Khadi & Village Industries Association has sold a massive 3.84-acre land parcel in Borivali, Mumbai for a whopping ₹539.25 crore! Meanwhile, beloved Bollywood playback singer Shaan and his wife Radhika Mukherjee have splurged ₹10 crore on a luxurious bungalow nestled in the serene locality of Prabhachiwadi, Pune.
Let’s break down the two blockbuster property stories that have taken the real estate world by storm 👇
Khadi Association’s Mega Land Sale in Borivali
In a deal that underscores the growing demand for prime land in suburban Mumbai, Rishbraj Estate Developers Pvt Ltd has acquired 3.84 acres of freehold land from the Mumbai Khadi & Village Industries Association. The deal, registered on March 30, 2025, fetched ₹539.25 crore, making it one of the largest real estate transactions in Mumbai this year.
Key Highlights:
- 📍 Location: Borivali, Mumbai
- 📏 Land Area: 3.84 acres (approx.)
- 💰 Deal Value: ₹539.25 crore
- 🧾 Stamp Duty Paid: ₹32.55 crore
- 🏢 Buyer: Rishbraj Estate Developers Pvt Ltd
This prime land parcel is expected to pave the way for high-end residential towers or a luxury commercial complex, considering the ongoing demand for urban development in western suburbs of Mumbai.
According to property experts, Borivali’s strategic location and enhanced infrastructure—thanks to metro extensions and expressway connectivity—make it a magnet for real estate developers eyeing large-scale projects.
Shaan Buys a Dream Bungalow in Pune for ₹10 Crore
Bollywood’s melodious voice, Shantanu Mukherjee a.k.a. Shaan, has made headlines with a lavish real estate purchase. The singer and his wife Radhika Mukherjee have bought a luxury bungalow in Prabhachiwadi, Pune, for ₹10 crore.
Property Details:
- 🏠 Type: Luxury Bungalow
- 📍 Location: Prabhachiwadi, Pune
- 🧾 Stamp Duty: ₹50 lakh
- 🖋️ Registration Fee: ₹30,000
- 🌿 Land Area: ~0.4 hectares
- 🗓️ Registration Date: March 2025
According to registration documents reviewed by Square Yards, the couple’s purchase reflects a growing trend among celebrities and HNIs (High Net-worth Individuals) choosing premium properties in Pune for privacy, space, and lifestyle upgrades.
Prabhachiwadi, with its scenic surroundings and elite neighborhood vibe, has become a preferred choice for luxury home buyers, especially those seeking a peaceful retreat away from the city’s chaos.
What These Deals Say About India’s Real Estate Momentum
These headline-grabbing deals highlight the strong momentum in India’s luxury and land segment, especially in metros and premium townships. As developers and celebrities alike turn their attention to high-potential areas like Borivali and Pune, it’s clear that big-ticket real estate investments are on the rise in 2025.
Why It Matters:
- 📈 Boosts investor confidence in high-value assets
- 💼 Generates revenue for the state through stamp duties
- 🏘️ Encourages infrastructure-led urban growth
- 🌐 Sparks interest in real estate from both HNIs and developers
Looking Ahead
With Gurgaon, Mumbai, Pune, and Bengaluru leading the way in luxury developments and strategic land acquisitions, 2025 is shaping up to be a record-setting year for India’s real estate sector. Whether it’s a high-rise project in Borivali or a celebrity-owned bungalow in Pune, the market is buzzing with opportunities—and savvy buyers are making their moves now.
