Shaan buys Rs 48 crores Palmera home, highlights | Indian Movie News
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Bollywood playback singer Shantanu ‘Shaan’ Mukherjee and his spouse Radhika Mukherjee have made a high-value addition to their real estate portfolio with the acquisition of a luxurious residence at Palmera in Bandra West. The couple has acquired a 6,300-square-foot home for Rs 48 crore in the upscale residential development. The transaction was registered on August 20, 2026, and was brokered by Propbay India LLP.
The residence has been created by combining three separate flats unfold across roughly one-and-a-half flooring on the 18th stage of the tower. Shaan’s latest property acquisition also provides another chapter to his household’s long-standing affiliation with Bandra. His late father, musician Manas Mukherjee, had also lived in the Mumbai suburb.
Located at 8 Turner Road, close to the junction of St Martin’s Road, Palmera is a boutique residential project developed by Pantheion Real Estate. The tower stands on the redeveloped plot that once housed the bungalow of veteran actress Mala Sinha. Rising 22 storeys above the ground, the development has only 32 residences, making it a low-density luxurious handle.
Palmera presents open-plan bare-shell flats that may be customised according to the house owners’ necessities. The residences function non-public house lobbies, open decks and 3.3-metre floor-to-ceiling heights. Individual properties start at around 2,090 sq. ft of carpet space, while full-floor residences prolong past 4,180 sq. ft.
The development also presents a number of lifestyle and wellness amenities, including a rooftop infinity pool, sky deck, gymnasium, Pilates and yoga studios, meditation rooms, spa, salon self-importance room, business assembly room, banquet corridor, recreation room, library, card room and youngsters’s play space. Other amenities embrace a pet zone, EV charging stations and valet companies.
Shaan’s Rs 48 crores buy comes amid strong demand for premium properties in Mumbai. According to the Lighthouse Luxury Quarterly Real Estate Report, ready with proptech intelligence platform Zapkey utilizing verified Maharashtra authorities registration data, Mumbai recorded 1,499 luxurious home registrations price Rs 14,903 crore during Q1 FY27, protecting April to June 2026.
The quarter noticed practically 16 luxurious home transactions each day, with around Rs 164 crore in transaction worth generated daily. April recorded the best quantity of registrations at 563, valued at Rs 5,726 crores. Although registrations fell by 22.7 per cent in May to 435 offers price Rs 4,492 crores, the average ticket dimension remained at Rs 10.3 crore.
The market picked up again in June, which noticed 501 registrations price Rs 4,686 crore. The recovery was largely pushed by end-user demand for properties priced between Rs 5 crores and Rs 10 crores. Against this backdrop, Shaan’s high-value Palmera buy displays the continued urge for food for premium residential properties in Mumbai.
Also Read : Shaan on cutting down ingesting in his 40s: “Zindagi aapko parhez karna sikha deti hai”
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Shaan buys Rs 48 crores Palmera home, highlights | Watch Online Free
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