Arshad Warsi has sold his commercial property in Mumbai's Lokhandwala for ₹6.25 crore, making a handsome profit. The transaction is a validation of the recent growth in Mumbai's commercial real estate market over the last 10 years.
According to property registration details, the commercial shop measures 684 square feet and is located in the sought-after Lokhandwala area, one of Mumbai’s prominent commercial and residential hubs.
Arshad Warsi purchased the property in 2012 for ₹2.12 crore. Since buying the property, he has got more than 14 years of appreciation of approximately ₹4 crore, which is a good point to remember about investing in prime commercial real estate.
The deal is indicative of a strong sense of demand for commercial space in established business locations in Mumbai. Despite the fluctuation in the real estate industry over the years, premium commercial properties in areas such as Lokhandwala are still turning up for sale in big cities because there is a good location and the rental potential has been high and long-term capital appreciation is favorable.
Real estate experts say prices of commercial property in Mumbai are at an all-time high with low numbers of available properties and good business activity in the market, and investors and businesses are also in demand. Celebrity-based properties also tend to make the city’s thriving property market a point of attention.
Arshad Warsi is well known for his memorable films like the Munna Bhai series, Golmaal, and Jolly LLB, but has also made smart investments outside this industry. So far, the successful property sale is proof of a long-term investment strategy that has paid off well over the purchase price.
The transaction takes place at a time when Mumbai's real estate market is experiencing healthy activity in residential and commercial land and property. Investors are looking forward to high-quality commercial properties for long-term investment in established urban areas with good prices and high demand.
Arshad Warsi’s latest real estate business, with a profit of nearly ₹4 crore from the sale, once again proves the wealth-building potential of long-term investments in Mumbai’s commercial property market.
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