Mumbai, March 12, 2025: In a strategic real estate move, Bollywood actress Kajol Devgan has purchased a high-end commercial property worth ₹28.78 crore in Mumbai’s rapidly developing suburb, Goregaon West. The transaction, registered on March 6, 2025, highlights a growing trend among Indian celebrities investing in income-generating commercial real estate assets.
According to property documents obtained through IndexTap.com, Kajol acquired a 4,365 sq. ft. retail unit located on the ground floor of Bharat Arize, a modern residential-cum-commercial building situated in Bangur Nagar, a sought-after locality known for its connectivity and commercial viability.
A Closer Look at the Deal
- Buyer: Kajol Devgan
- Property Type: Commercial Retail Unit
- Location: Bharat Arize, Bangur Nagar, Goregaon West, Mumbai
- Total Area: 4,365 sq. ft.
- Rate per Sq. Ft.: ₹65,940
- Total Deal Value: ₹28.78 crore
- Stamp Duty Paid: ₹1.72 crore
- Parking: 4–5 exclusive car parking spots
- Deal Registered On: March 6, 2025
This deal includes the exclusive right to use four to five parking spaces, a significant asset in Mumbai’s high-density zones. The property is expected to attract interest from brands and businesses seeking premium retail frontage in a location with heavy foot traffic.
Why Goregaon West?
Goregaon West has evolved into a commercial and residential hub in western Mumbai, thanks to its proximity to Link Road, the Mumbai Metro Line 2A, Western Express Highway, and the suburban railway. The Bangur Nagar area, in particular, has become popular for its mixed-use developments, making it an ideal zone for retail investments.
The presence of major malls, media houses, production studios, and corporate offices has increased commercial activity in the area, leading to steady growth in rental income potential.
Part of a Larger Trend
Kajol’s purchase is part of a larger wave of celebrity-driven investments in commercial real estate. Over the past few years, several film industry figures have opted for income-generating commercial properties over traditional residential purchases. Kajol and husband Ajay Devgn had previously bought commercial office spaces in Andheri — further indicating their focus on long-term, asset-backed investments.
With commercial property offering higher rental yields and better long-term capital appreciation, such acquisitions are seen as prudent financial decisions by high-net-worth individuals.
Expert Insight
Industry professionals view this transaction as a signal of market confidence. “Investing in retail properties like this is a smart move, especially in locations with consistent commercial demand. It shows how celebrities are increasingly leveraging real estate as a stable and appreciating asset,” said a Mumbai-based commercial real estate consultant.
In Summary:
Kajol’s ₹28.78 crore investment in a premium commercial space in Goregaon West underscores her strong real estate strategy and business acumen. Positioned in a prime retail corridor with rising demand and limited supply, the property is poised to deliver long-term value — not just for the actress, but also for Mumbai’s evolving commercial landscape.
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