Salman Khan has sold a 758 sq ft apartment in Mumbai's Bandra West for ₹3.50 crore, nearly 11 years after buying it for ₹2.88 crore in 2015. The deal was registered on July 9, 2026, according to property documents accessed by CRE Matrix and reported by News9Live.

The numbers matter beyond the celebrity name attached to them. Bandra West is one of the tightest housing markets in India, where land is scarce and prices rarely move in a straight line. Khan's sale, and a second property he's building nearby, show how even in a locality famous for steep appreciation, an 11-year hold can produce fairly ordinary returns once you do the math.

What the apartment sold for, and to whom

The flat sits in Shiv-Asthan Heights, a residential building in Bandra West, and came with two dedicated car parking spaces, per News9Live's reporting on the CRE Matrix documents. It was bought by three buyers, Munira Akberali Dandawala, Mahdiali Akberali Dandawala and Zehra Mahdiali Dandawala, the same documents show.

The buyers paid stamp duty of ₹21 lakh and a registration fee of ₹30,000 on the transaction, according to the Free Press Journal. At ₹3.50 crore for 758 sq ft of carpet area, the sale works out to roughly ₹46,000 per sq ft.

Salman Khan bought the apartment for ₹2.88 crore in 2015. The sale price gives him a gain of about ₹62 lakh, per India.com's reading of the CRE Matrix data. That is a total return of about 21.5% spread across 11 years, which works out to roughly 2% a year. In a locality where average asking prices have climbed to about ₹65,650 per sq ft as of May 2026, that annualised figure looks modest, and it suggests this was a long-term hold rather than a bet timed for a quick flip.

Not his first sale in the same building

This isn't an isolated transaction, and it's fast becoming one of the bigger pieces of Salman Khan news to come out of Bandra West this year. In July 2025, Khan sold another, larger apartment in the same Shiv-Asthan Heights building, a 1,318 sq ft unit, for ₹5.35 crore, per the News9Live report citing CRE Matrix records. Taken together, the two sales point to a deliberate trimming of smaller holdings in the building rather than an exit from Bandra itself.

The Chimbai tower tells the other half of the story

While selling off older, smaller units, Khan's family is building bigger. In June 2026, the Maharashtra Coastal Zone Management Authority approved plans for a new ground-plus-five-storey residential building in Bandra's Chimbai area, on a plot owned by his mother, Salma Khan, according to NewsX. The Khan family bought that land back in 2011.

Read together, the two moves look less like a celebrity cashing out of Bandra and more like a consolidation: selling compact, older-generation apartments while building a larger, sea-facing family property from land held for over a decade.

Why Bandra West keeps holding its value

Bandra West has posted five-year property appreciation of 20.7%, with average asking prices near ₹65,650 per sq ft as of May 2026, driven by land scarcity and steady demand, according to data from 99acres.com. Market analysis from Blox.xyz pegs the area's typical 10-year annual appreciation at 6-8%, calling it primarily a capital-appreciation market for Bandra West real estate rather than one built for rental yield.

Khan's own return, at roughly 2% a year on this particular flat, sits well below that benchmark. It's a reminder that even in Mumbai's most sought-after pincode, individual unit performance depends on the building, the floor, the vintage of the purchase, and timing, not just the address. As India.com's analysis of the deal put it, the transaction reflects the strong valuation of residential properties in Bandra West, an area known for premium housing and limited availability of homes.

For now, Khan’s next visible real-estate move in the neighbourhood is the Chimbai project, a family-linked residential building cleared for construction while smaller Bandra flats around it continue to change hands.