Salman Khan Sells His Mumbai Property for ₹5.35 Crore – Here’s Why It’s Making Headlines

Bollywood superstar Salman Khan has recently made headlines after reports confirmed that he sold one of his properties in Mumbai’s upscale Bandra area. While many celebrities often invest heavily in real estate, this is the first time Salman has come into the limelight for selling any property in Mumbai, a move that has surprised his fans and the real estate market alike.

Why Are Mumbai’s Celebrities Selling Their Properties?

Over the last few months, Mumbai has witnessed an unusual trend where multiple actors have started selling their prime real estate holdings. Recently, actor Akshay Kumar sold three of his flats in Mumbai, citing the ongoing high demand and soaring prices as the ideal time to cash in on their investments. Industry experts say property prices in Mumbai have reached a lucrative high after the post-pandemic market boom, making it a golden window for sellers.

Details of Salman Khan’s Property Sale

According to real estate transaction data accessed by the media, Salman Khan sold his flat located in Shiv Asthan Heights, a premium residential tower in Pali Village, Bandra West, for ₹5.35 crore (approx. $640,000 USD). The flat covers a carpet area of 1,318 square feet, featuring three dedicated car parking spaces. The buyer has reportedly paid a stamp duty of ₹32 lakh for the transaction.

Bandra West is one of Mumbai’s most elite and high-value residential markets, famous for its sea-facing luxury apartments, heritage bungalows, boutique commercial spaces, and premium cosmopolitan living. Properties in this area rarely come up for sale, and when they do, they command premium valuations.

Where Does Salman Khan Live Now?

Despite his global stardom, Salman Khan continues to live in his modest family home, Galaxy Apartments, located just 2 kilometres away from the flat he sold. Galaxy Apartments has been his residence for decades and holds deep emotional value for him and his family.

Salman’s father, veteran screenwriter Salim Khan, purchased their Galaxy Apartments flat around 42 years ago, at a time when owning property in Bandra was an aspiration only a few could fulfil. Despite Salman’s astronomical success in Bollywood, he has never shifted base from Galaxy Apartments, staying grounded to his roots and upbringing.

Why Has Salman Never Moved to a Bigger Mansion?

Salman Khan has often been questioned about why he does not live in a sprawling bungalow like other A-list Bollywood actors. He once revealed in an interview that he had asked his father to consider moving to a bigger house when his career peaked. However, Salim Khan’s reply was emotional and resolute – he reportedly told Salman that only his funeral procession would leave that house, and he would never willingly leave their humble family home. Since then, Salman has never brought up the topic again, nor has he purchased a separate mansion to live away from his family.

Inside Galaxy Apartments: The Khan Family Home

Salman Khan lives with his family on the ground and first floors of Galaxy Apartments. The flat is shared by more than 20 staff members, including domestic help and security personnel, who manage to adjust within the available space due to Salman’s preference for living together as a family. His siblings and their families frequently visit, and the apartment is often bustling with relatives, guests, and friends from the industry.

For a man with an estimated net worth of over $350 million, Salman’s decision to continue living in a humble flat instead of a palatial bungalow is a testament to his simplicity and close family ties. It is also this grounded nature that endears him to millions of fans globally.

Why Did Salman Sell His Flat Now?

While Salman has never been an active buyer or seller in Mumbai’s real estate market, insiders suggest the current peak property rates were an ideal opportunity. Developers and brokers indicate that actors are taking advantage of the market’s high liquidity to divest from idle properties or those they no longer use, to reallocate funds for investments, businesses, or philanthropic initiatives.

In Salman’s case, the flat in Shiv Asthan Heights was reportedly an investment property and not part of his primary or family residence. Therefore, selling it at a favourable market rate aligned with his financial portfolio planning.

Salman Khan’s Real Estate Strategy – Minimalist Yet Impactful

Unlike other Bollywood celebrities who often purchase multiple sea-facing apartments, penthouses, and sprawling farmhouses within city limits, Salman’s property investments have been minimal. Apart from Galaxy Apartments and his recently sold Bandra flat, he is also known for owning the lavish “Arpita Farms” on the outskirts of Mumbai, where he spends weekends and hosts family gatherings. The farmhouse, named after his youngest sister Arpita Khan, is spread across acres and features modern amenities, stables, a gymnasium, a swimming pool, and lush green landscapes.

Salman also owns a luxurious flat in Dubai, where he frequently travels for brand endorsements and film shoots. However, his primary base remains Mumbai, where he continues to live like any other local resident.

Real Estate Experts Weigh In

Mumbai-based luxury property consultants suggest that the sale price of ₹5.35 crore for a 1318 sq ft flat with three parking slots is a fair market value given the current demand and location premiums. Bandra West has witnessed a consistent appreciation in property prices due to limited supply and high demand from celebrities, industrialists, and NRIs.

What Makes Galaxy Apartments Special to Salman Khan?

Galaxy Apartments is not merely a building; it is a part of Salman Khan’s identity. Fans gather every Eid to catch a glimpse of him waving from his balcony. The apartment has witnessed his journey from a struggling newcomer to one of India’s biggest superstars. It houses countless memories – his childhood pranks, teenage years, his first blockbuster release celebrations, and numerous birthday parties with family and friends.

Salman Khan – Staying Grounded Despite Stardom

While many actors in Bollywood often upgrade to more luxurious residences as a marker of success, Salman’s choice to remain at Galaxy Apartments speaks volumes about his priorities. His family continues to live together in the same flat, as they did before fame knocked on their doors.

This sense of belonging, humility, and deep emotional connection with his family home sets Salman apart from other stars. It also aligns with his philanthropic outlook – he runs one of India’s largest celebrity NGOs, Being Human, which funds education, healthcare, and rural development projects for underprivileged communities across India.

What’s Next for Salman Khan?

Professionally, Salman is currently working on multiple projects, including his upcoming action thriller “Tiger 4” and a new collaboration with Karan Johar’s Dharma Productions. Meanwhile, his fans eagerly await his reality show hosting comeback later this year.

Conclusion: A Sale That Reflects More Than Money

The sale of Salman Khan’s Bandra flat has grabbed headlines not merely for the transaction value but for what it represents – a rare glimpse into the financial and personal choices of India’s most bankable actor. While he continues to earn millions through films, endorsements, and TV shows, Salman Khan chooses to remain in his decades-old home, prioritising family, memories, and his roots over a lavish lifestyle.

In a world where celebrities chase bigger mansions and luxurious penthouses to symbolise success, Salman Khan proves that true stardom shines brightest when grounded in simplicity, gratitude, and humility.