Malabar Hill Real Estate: Akshaye Khanna Acquires Luxury Apartment for Rs. 33.26 Crore

South Mumbai’s luxury real estate market continues to attract high-profile investors, with Bollywood actor Akshaye Vinod Khanna becoming the latest notable figure to secure a primary asset in the prestigious Malabar Hill micro-market.

The Deal Dynamics

According to recent property registration documents, Khanna has acquired a high-end apartment located at 30 Little Gibbs, one of the more sought-after addresses in the Malabar Hill area. The transaction was finalized for a total consideration of Rs. 33.26 crore.

The apartment spans a carpet area of 2,341 square feet. For industry observers, this highlights the sustained high-value ticket sizes prevalent in the South Mumbai luxury segment, where price per square foot remains among the highest in the country.

Amenities and Infrastructure

In addition to the expansive living space, the deal includes three dedicated parking spots. In a space-starved city like Mumbai—particularly in the dense, heritage-rich neighborhoods of the South—the inclusion of multiple parking spaces adds significant long-term value to residential investments.

Market Context: The Appeal of Malabar Hill

Malabar Hill remains a top choice for affluent buyers and celebrities due to its exclusivity, proximity to business districts, and historical significance. The transaction, identified through data reviewed by Square Yards, signals a continuing trend where high-net-worth individuals (HNIs) from the entertainment industry prefer the stability and prestige associated with South Mumbai PIN codes over newer luxury hubs.

Key Highlights of the Acquisition:

• Asset Location: 30 Little Gibbs, Malabar Hill, Mumbai.
• Transaction Value: Rs. 33.26 crore.
• Carpet Area: 2,341 sq. ft.
• Parking: 3 dedicated spots included in the deal.
• Strategic Value: High-demand micro-market known for capital appreciation and exclusivity.