Singer Rahul Vaidya purchased a luxurious flat in Mumbai for 9 crore

By Bricksnwall | 2024-11-07

The residential home is located in DLH Signature, a premium project of the DLH Group in Mumbai's Bandra West district.

Rahul Krishna Vaidya, a popular musician and music composer, has purchased a 3,110 square feet high-end flat in Mumbai for 9 crore, according to property registration data accessed through proptech portal Square Yards.

According to the records, the residential property is located in DLH Signature, a luxury project by DLH Group that offers 3 BHK, 4 BHK, and 5 BHK homes with various facilities on a 1.25-acre campus.

According to Square Yards, Vaidya's flat has a built-up size of 317.93 square meters (3,422 square feet). The October 2024 transaction involved a ₹56.37 lakh stamp duty payment and a ₹30,000 registration charge.

The project is located in Bandra West, which has experienced a recent spike in celebrity real estate investments, according to Square Yards. Bollywood stars Sunil Shetty, Ranveer Singh, and Deepika Padukone, as well as sports figures KL Rahul and Athiya Shetty, have all purchased residences in this suburb.

According to Square Yards, Bandra's attractiveness stems from its historic ties to Bollywood and sports icons, which have resulted in an exclusive, close-knit society. Its proximity to the film industry, production studios, and networking places provides significant advantages for entertainment professionals.

Furthermore, Bandra's high-end houses, modern amenities, and convenient access to the airport and business hubs make it a popular choice for high-profile individuals looking for luxury residential spaces in Mumbai.

Celebrity clients

For decades, Mumbai's property market has piqued the interest of celebrities living in the city as a popular investment destination, particularly for commercial properties. This clientele list includes some well-known celebrities, including those from the younger generation, such as actors Sara Ali Khan and Kartik Aaryan.

According to experts, their motives to invest in real estate may include portfolio diversification, benefiting from rental yields, end-use, and even emotional purchasing, wherein a house could be valued only on the basis of the individual's memories.

Source: Hindustan Times