Abhishek Bachchan has made headlines with a major real estate move. The actor sold his luxurious duplex apartment in Mumbai’s upscale Mahalaxmi area for a whopping Rs 14.5 crore. The transaction, registered on February 12, marks a significant property deal in the city’s competitive luxury housing market.
The Property Details
How much did Abhishek Bachchan sell his apartment for? The duplex at Planet Godrej, a premium residential complex in central Mumbai, fetched Rs 14.5 crore. Spread across the 40th and 41st floors, the property boasts a carpet area of 2,249 square feet and was priced at Rs 64,473 per square foot.
The buyers are Rishi Mandawat, a partner at Bain Capital Private Equity, and Smita Mehta. According to documents accessed by Zapkey, the deal involved a stamp duty of Rs 89.76 lakh, confirming the high-value nature of the transaction.
From Selling to Building
But selling property is just one part of Abhishek Bachchan’s real estate story. The actor has officially entered the property development business through a strategic partnership with producer and longtime associate Anand Pandit.
This collaboration marks Abhishek’s first formal foray into real estate development. The partnership operates on a profit-sharing model and focuses on Gujarat’s rapidly growing GIFT City corridor—a special economic zone attracting major investments.
The Bachchan Legacy Continues
What makes this venture even more interesting is its family connection. The land parcel for the GIFT City project was originally purchased by Amitabh Bachchan nearly 15 years ago. Now, Abhishek is taking that investment forward, adding generational continuity to the development.
Anand Pandit’s company, Sri Lotus Developers & Realty Limited, is known for luxury residential and commercial projects across Mumbai. This Gujarat venture will be their first outside Maharashtra, executed through a subsidiary called Rise Root Projects Pvt. Ltd.
For Abhishek, who has previously invested in sports and entertainment businesses, this represents a significant diversification into infrastructure and urban development. It’s a smart move considering Mumbai’s real estate boom and Gujarat’s growing economic importance.
What’s Cooking on the Acting Front?
While Abhishek is making waves in business, his film career continues to evolve. He’ll next be seen in King, a Shah Rukh Khan production that also stars Suhana Khan and Deepika Padukone. He also has Raja Shivaji in the pipeline.
At 50, the actor appears to be balancing both worlds—acting and business—with equal focus. The property sale and real estate entry suggest he’s building a diverse portfolio beyond the silver screen.
The Bottom Line
Abhishek Bachchan’s Rs 14.5 crore apartment sale in Mahalaxmi isn’t just another celebrity property transaction. Combined with his entry into real estate development, it signals a strategic shift in how he’s managing his investments and exploring new business territories. Whether it’s selling premium Mumbai property or developing projects in Gujarat, Abhishek is clearly playing the long game in real estate.
