Kajol Invests Rs 28.78 Crore in Premium Goregaon West Retail Space Amid Mumbai's Booming Commercial Market

In a significant real estate move, Bollywood actress Kajol has reportedly purchased prime retail space in Mumbai's Goregaon West area for Rs 28.78 crore. The transaction, which was finalized on March 6, 2025, involves a 4,365 square feet commercial property located on the bustling Linking Road in Bangur Nagar.

Deal Details

According to documents accessed through Indextap, a data-driven real estate platform, the acquired property is identified as Shop No. 2 on the ground floor of the Bharat Arize building. The transaction reportedly attracted a stamp duty fee of Rs 1.72 crore, with the property commanding a premium price of Rs 65,940 per square foot.

Market Analysis

Real estate analysts note that this acquisition demonstrates the continued interest of high-net-worth individuals in Mumbai's commercial property market, particularly in strategically located retail spaces. The Goregaon West location has emerged as an attractive investment destination due to its connectivity and growing commercial significance.

Investment Pattern

This purchase appears to be part of a broader investment strategy for the acclaimed actress, who reportedly also acquired office space in Oshiwara, Andheri West, for Rs 7.64 crore in July 2023. Industry experts suggest that such diversification into commercial properties can provide stable returns in Mumbai's competitive real estate landscape.

Family Investment Portfolio

The investment aligns with similar moves made by her family, as her husband, actor Ajay Devgn, reportedly leased office space in Andheri West in May 2024 for Rs 9 lakh per month to MMM Media Works LLP. That property, located in Lotus Signature, is registered under the name Vishal Virendra Devgan, according to sources familiar with the transaction.

Mumbai's commercial real estate sector continues to show resilience, with prime retail spaces in well-established areas maintaining their appeal to investors looking for long-term value appreciation.