Salim Merchant buys commercial property in Mumbai’s Santacruz West for Rs 12.85 crore

Salim Merchant buys commercial property in Mumbai’s Santacruz West for Rs 12.85 crore; pays Rs 77.10 lakh stamp duty - ReportSalim Merchant, along with four other buyers, has bought a commercial property in Mumbai’s Santacruz (West) for Rs 12.85 crore. The space is spread across the ground and first floors of a building near the busy Linking Road shopping stretch.According to property registration documents accessed by CRE Matrix, the deal was registered on October 7, 2026, and the buyers paid stamp duty of Rs 77.10 lakh. Salim Merchant holds a 50% share, while the other four buyers hold 12.5% each.Property details and locationThe premises are in a building called DLH Mangal Murti, at the junction of Linking Road and Talmaki Road. The combined carpet area is 1,285 sq ft, with 575 sq ft on the ground floor and 710 sq ft on the first floor. One car parking space is included in the agreement, the documents show.Price and stamp dutyThe property was bought from Shreeja Devcon Private Limited. At Rs 12.85 crore, the price works out to roughly Rs 1 lakh per sq ft of carpet area. The stamp duty of Rs 77.10 lakh is 6% of the stated amount.Why Linking Road mattersLinking Road is among Mumbai’s best-known shopping destinations and a major retail high-street. It draws local shoppers as well as visitors from other parts of the city. Commercial properties in such established locations can attract buyers looking for retail space in areas that already have steady footfall and good connectivity.Salim Merchant and Shreeja Devcon Private Limited could not be reached for comment.Do you think investing in commercial properties in Mumbai is a good financial decision?Yes, definitelyNo, not really3k+ users shared opinion today 5k+ users already voted today Share OpinionBollywood and commercial real estateThe deal comes soon after singer Sonu Nigam bought three commercial units in Mumbai’s Andheri West for a combined Rs 17 crore, as per CRE Matrix. Those transactions were registered on August 6, 2026. They cover two adjoining first-floor units and one ground-floor office unit in the Aston building in the Sundervan Complex on Lokhandwala Road.Real estate experts say several Bollywood stars have made news over the years for buying commercial properties in Mumbai or leasing them out to earn high rental yields. Karishma Kapoor, Kareena Kapoor, Saif Ali Khan, Salman Khan, Amitabh Bachchan and Ajay Devgn are among those who have invested in commercial real estate in the city.