Home / Arts and Entertainment / Shaan Drops Rs 48 Cr on Mumbai Luxury Pad
Shaan Drops Rs 48 Cr on Mumbai Luxury Pad
22 Aug
Summary
- Singer Shaan and wife bought a 6,300 sq ft home for Rs 48 crore.
- The luxury residence is located in Bandra West's upscale Palmera.
- Mumbai saw 1,499 luxury home registrations in Q1 FY27.
Bollywood singer Shantanu 'Shaan' Mukherjee and his wife Radhika have acquired a lavish 6,300-square-foot residence in Bandra West for Rs 48 crore. This significant purchase was registered on August 20, 2026, in the exclusive Palmera development. The expansive home is formed by combining three apartments across the 18th level, continuing the Mukherjee family's long-standing connection to Bandra.
The Palmera, a boutique project by Pantheion Real Estate, features 32 low-density luxury residences. It offers customizable bare-shell apartments with private lobbies and high ceilings. Residents can enjoy extensive lifestyle amenities, including a rooftop infinity pool, gymnasium, and spa facilities.
Shaan's acquisition occurs amidst a robust luxury housing market in Mumbai. During Q1 FY27 (April-June 2026), the city saw 1,499 luxury home registrations totaling Rs 14,903 crore. This period averaged 16 luxury transactions daily, with strong end-user demand driving the market, particularly for homes priced between Rs 5 crore and Rs 10 crore.
