Renowned television producer Rajan Shahi buys a luxury penthouse in Mumbai worth ₹13.71 crore. The premium property is located in the serene and upscale area of Madh Island, offering a perfect blend of comfort, luxury, and natural surroundings. This high-end real estate investment highlights the growing trend of luxury living in India’s financial capital.
TV Producer Rajan Shahi Buys Luxury Penthouse in Mumbai for ₹13.71 Crore
The newly acquired luxury penthouse in Mumbai is a spacious 5BHK apartment situated on the 35th floor of a premium residential tower. The property spans a total carpet area of approximately 3,248 square feet and includes an expansive deck of more than 400 square feet, providing breathtaking views of the surrounding landscape. Designed to deliver a premium lifestyle experience, the penthouse also includes four dedicated car parking spaces, making it ideal for high-end urban living.
According to property registration documents, the transaction involved a stamp duty payment of ₹82 lakh, along with a registration fee of ₹30,000. The per square foot rate for this luxury penthouse in Mumbai is estimated to be above ₹37,000, reflecting the premium valuation of property in Mumbai along with this exclusive location. Madh Island has increasingly emerged as a sought-after residential destination for celebrities, business leaders, and high-net-worth individuals.
Interestingly, Rajan Shahi’s new residence is located in the same building where popular playback singer Jubin Nautiyal recently purchased a luxury apartment. Veteran actor Sanjay Mishra also owns a home in the same complex. While Jubin Nautiyal resides on a higher floor, Sanjay Mishra currently lives on the 15th floor, making them close neighbors. This further enhances the star appeal of the residential tower, so making it one of the most elite addresses featuring a luxury penthouse in Mumbai.
Rajan Shahi is one of the most influential figures in Indian television, best known for producing highly successful and famous shows such as Yeh Rishta Kya Kehlata Hai and Anupamaa. His storytelling style, centered on family values and emotional narratives, has earned him immense popularity and industry respect. His latest real estate purchase once again demonstrates the rising preference among celebrities for owning a luxury penthouse house in Mumbai that offers both privacy and exclusivity.
People’s growing inclination towards Penthouses
In recent years, Mumbai has witnessed a noticeable increase in demand for penthouse living. land in Mumbai is rich in diversity. Buyers now seek open spaces, scenic views, and peaceful environments away from the city’s constant hustle. A penthouse house in Mumbai offers not only unmatched luxury but also a sense of tranquility, making it an ideal choice for elite homeowners. Madh Island, in particular, stands out for its calm atmosphere, lush greenery, and coastal charm.
Located in Malad West, Madh Island is well-known for its scenic beauty and relaxed lifestyle. Despite being part of Mumbai, the area offers a unique blend of nature and urban convenience. Several Bollywood celebrities own homes here, including actress Archana Puran Singh. Nearby localities such as Versova and Andheri provide excellent connectivity, while actors like Vivek Agnihotri, Ayushmann Khurana, and Kartik Aaryan also reside in nearby areas, reinforcing Madh Island’s reputation as a premium residential zone.
From a real estate perspective, improved infrastructure has boosted property demand in the region. The Versova-Madh connecting bridge and the Bandra-Versova Sea Link have significantly enhanced connectivity, reducing travel time and improving daily commute. Currently, property rates in the area range between ₹35,000 and ₹37,000 per square foot, with strong growth potential in the future. This upward trend makes investing in a luxury penthouse in Mumbai not just a lifestyle choice, but also a smart financial decision.
