Indian Cricketer Shubman Gill Acquires Luxury Residence in Juhu for 20.7 Crores

Luxury Real Estate Transaction: Shubman Gill Purchases Apartment in Juhu, Mumbai

Key Figures:

• Rs 20.7 crore: Purchase price of the 3,369 square feet luxury apartment
• Rs 1.24 crore: Stamp duty paid by Shubman Gill
• Rs 61,442: Effective per-square foot rate for the purchase
• 2029: Estimated completion date for the Pooja Luminaire development

Transaction Details:

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Shubman Gill, the current captain of India's Test and ODI teams, has purchased a 3,369 square feet luxury apartment in Juhu, Mumbai, for Rs 20.7 crore. The apartment is located on the 12th floor of the upcoming Pooja Luminaire development on Juhu-Tara Road. Gill paid a stamp duty of Rs 1.24 crore for the transaction.

Market Analysis:

The effective per-square foot rate for the purchase is Rs 61,442, similar to upcoming projects in the area. Juhu is a sought-after luxury housing destination for high-net worth individuals in the city, including figures in business, entertainment, and sports.

Project Details:

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The Pooja Luminaire project, launched by Pooja Leisure and Lifestyle, is a 16-storeyed development slated for completion by 2029. The company, promoted by film producer and developer Vashu Bhagnani and his wife Pooja, as well as their son Jackky Bhagnani, has built a name in Mumbai's luxury real estate market.

Industry Trends:

Gill's purchase is part of a series of high-profile transactions in the market by current and former cricketers and their families. Other notable investors in Mumbai's real estate market include Rohit Sharma, Zaheer Khan, and Suryakumar Yadav.