Kailash Kher has offered an workplace area in Mumbai’s Bandra Kurla Advanced (BKC) for ₹10.75 crore, in response to property registration particulars accessed by CRE Matrix. Kher had bought the workplace area in November final yr for ₹10.50 crore. This implies the singer has offered the property for ₹25 lakh greater than his buy value in lower than a yr.
In line with the paperwork, Kher offered the business property to Lakewater Retail Non-public Restricted, with the transaction registered on September 9, 2026.
The workplace unit, situated on the seventh flooring of Commerce Centre, reverse the MTNL Constructing in BKC, Bandra East. The workplace area has a carpet space of two,619 sq ft. The transaction additionally contains one automobile parking area.
The property was offered for a consideration worth of ₹10.75 crore, whereas a stamp obligation of ₹64.50 lakh was paid on the transaction.
In line with the transaction particulars, the value appreciation works out to round 2.4% over the acquisition value, earlier than accounting for transaction-related bills, stamp obligation, registration costs, taxes and different prices. Subsequently, the ₹25 lakh distinction between the acquisition and sale consideration doesn’t characterize Kher’s precise internet revenue from the transaction.
Kailash Kher and Lakewater Retail Non-public Restricted couldn’t be reached for a remark.
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In regards to the constructing and the locality
Over a decade in the past, Wadhwa Constructions offered workplace areas in a 10-story business constructing known as Commerce Centre in BKC, the place Kailash Kher has bought workplace area. The challenge obtained a partial OC in September 2008 for the third to tenth flooring and in October 2008 for the bottom flooring and a part of the primary flooring.
BKC is likely one of the most costly business districts within the nation; nonetheless, it has witnessed a number of Bollywood stars investing in actual property in BKC. In 2024, R Madhavan bought a residential property in Mumbai’s BKC. Madhavan bought the property for ₹17.5 crore. Madhavan’s newest property, prepared for fast occupancy, spans roughly 389 sq. meters (4,182 sq. toes) and options two parking areas.
Additionally Learn: Maharashtra Actual Property Appellate Tribunal guidelines Commerce Centre Constructing in Mumbai’s BKC should register below RERA
The workplace is located in BKC, one among Mumbai’s most outstanding business districts and a serious hub for company places of work, monetary establishments and premium business actual property. The realm has attracted a number of giant firms and continues to be one of many metropolis’s key enterprise locations. Industrial workplace property in prime places can appeal to traders and companies due to their connectivity, proximity to company occupiers and potential for rental earnings and capital appreciation.