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Bollywood actor Arshad Warsi has sold a commercial shop in Mumbai's Lokhandwala Complex, Andheri West, for ₹6.25 crore, according to property registration documents accessed by Liases Foras. The transaction, registered on July 1, 2026, highlights the continued appreciation of commercial real estate in one of Mumbai's busiest retail and business districts. Warsi had originally purchased the property in February 2012 for over ₹2.12 crore, making the latest sale a significant gain over a holding period of more than 14 years.
The property is situated on the ground floor of Grenville Co-operative Housing Society Ltd. in the Lokhandwala Complex area, a prime commercial destination known for its retail outlets, restaurants and high footfall. The latest transaction reflects sustained demand for commercial properties in established Mumbai neighbourhoods despite changing market conditions.
Property Details and Transaction Value
The commercial shop has a carpet area of 63.87 square metres (684 sq ft). Based on the registered sale consideration, the transaction translates into an approximate rate of ₹91,400 per square foot on the carpet area. The buyer of the property is Umang Rajkumar Budhraja, while the sale deed was officially registered with the Maharashtra Inspector General of Registration on July 1, 2026. The buyer paid stamp duty amounting to ₹37.50 lakh for the transaction.
Strong Returns Over Fourteen Years
Registration records show that Warsi acquired the property in February 2012 for approximately ₹2.12 crore. At the time of purchase, he paid stamp duty exceeding ₹10 lakh along with registration charges of ₹30,000. The latest sale at ₹6.25 crore represents an appreciation of more than ₹4 crore, underscoring the long-term value creation seen in premium commercial properties located in established micro-markets such as Lokhandwala Complex.
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Lokhandwala Continues to Attract Commercial Investment
Lokhandwala Complex in Andheri West remains one of Mumbai's most active mixed-use neighbourhoods, combining residential communities with retail outlets, offices, entertainment venues and hospitality businesses. The locality benefits from excellent connectivity, a large resident population and consistent consumer footfall, making it an attractive destination for investors seeking long-term appreciation in commercial real estate. High-street retail properties in the area continue to witness healthy demand because of their strategic location and strong rental potential.
Mumbai's Commercial Property Market Remains Resilient
Recent transactions involving celebrities and institutional investors indicate continued confidence in Mumbai's commercial real estate sector. Premium retail spaces and office assets in established business districts have maintained strong investor interest, supported by limited supply and steady business activity. The appreciation recorded in Warsi's transaction reflects the resilience of commercial assets in prime locations despite broader fluctuations in the property market.
- Seller: Arshad Warsi.
- Location: Lokhandwala Complex, Andheri West, Mumbai.
- Property type: Commercial shop.
- Carpet area: 684 sq ft (63.87 sq m).
- Sale value: ₹6.25 crore.
- Purchase value in 2012: Over ₹2.12 crore.
- Buyer: Umang Rajkumar Budhraja.
- Stamp duty paid by buyer: ₹37.50 lakh.
- Sale registered on: July 1, 2026.
- Approximate transaction rate: ₹91,400 per sq ft.
Prime Commercial Assets Continue to Deliver Long-Term Value
Arshad Warsi's sale demonstrates the sustained appreciation of well-located commercial properties in Mumbai's established retail corridors. The transaction highlights how long-term ownership of premium commercial assets in areas such as Andheri West can generate significant capital gains. As demand for quality retail space remains steady, prime commercial properties are expected to continue attracting both investors and business owners seeking strategic locations within Mumbai.
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