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Salim Merchant buys commercial property in Mumbai’s Santacruz West for Rs 12.85 crore
Sentiment: NeutralHigh Priority
What Happened?
Salim Merchant has purchased a commercial property in Santacruz West, Mumbai, for Rs 12.85 crore, with a stamp duty of Rs 77.10 lakh. The deal was registered on October 7, 2026.
Key points
- The property is located in DLH Mangal Murti, near Linking Road.
- The total area of the property is 1,285 sq ft, with 575 sq ft on the ground floor and 710 sq ft on the first floor.
- Salim Merchant holds a 50% share in the property, while four other buyers hold 12.5% each.
- The property was purchased from Shreeja Devcon Private Limited.
- Linking Road is a major retail area in Mumbai, attracting many shoppers.
Key insights
- The investment in commercial property could provide steady rental income for Merchant.
- The location on Linking Road may enhance the property's value over time.
- This trend of Bollywood stars investing in real estate may continue, impacting the market.
Why it matters
This purchase highlights the ongoing interest of Bollywood celebrities in commercial real estate in Mumbai.
Entities
Salim Merchant· PersonMumbai· CityShreeja Devcon Private Limited· CompanyLinking Road· Location
Source
Times of India
