Rajan Shahi Invests ₹13.71 Crore in Madh Island Penthouse, Joins Jubin Nautiyal as Neighbour

Mumbai’s luxury real estate market continues to attract celebrities and high-net-worth individuals. Recently, television producer Rajan Shahi made headlines after investing in a premium penthouse in Madh Island. His purchase reflects the growing demand for sea-facing and high-rise homes in select parts of the city. With this deal, Rajan Shahi buys penthouse in Mumbai and joins well-known neighbours like singer Jubin Nautiyal and actor Sanjay Mishra, strengthening Madh Island’s image as a rising celebrity hotspot.

According to registration documents, Rajan Shahi purchased a 5BHK penthouse for ₹13.71 crore in Madh Island. The apartment is located in the Raheja Exotica Cyprus building, one of the prominent residential towers in the area.

The deal was registered in December 2025. The transaction involved a stamp duty payment of ₹82 lakh and a registration fee of ₹30,000. This high-value purchase highlights the increasing activity in Mumbai premium property segments.

The penthouse is situated on the 35th floor of the building, offering expansive views and privacy. The tower is located in Madh Island, close to Versova and Andheri, making it well-connected to major commercial and entertainment hubs.

The building also houses other celebrities, which adds to its brand value. This strengthens the appeal of Madh Island luxury apartments among elite buyers.

The apartment has a RERA carpet area of 3,248 square feet. In addition, it includes a deck area of over 400 square feet, enhancing outdoor living space.

The property also comes with four dedicated parking spaces, which is an important feature in high-end developments. Such specifications place this home among the top luxury penthouse Mumbai properties.

Registration documents indicate that the penthouse was sold at a rate of over ₹37,000 per square foot. This aligns with current market trends in the region.

Local brokers confirm that Madh Island real estate prices have nearly doubled in recent years. Improved infrastructure and limited supply have contributed to this rise, making the locality attractive for long-term investors.

Rajan Shahi’s neighbours include playback singer Jubin Nautiyal and actor Sanjay Mishra. Jubin Nautiyal owns an apartment on the 34th floor, while Sanjay Mishra owns one on the 15th floor.

Such high-profile residents increase the social value of the building. This factor plays a major role in boosting demand for celebrity real estate in Mumbai, especially in exclusive locations.

Rajan Shahi is a well-known television producer and founder of a successful production house. He is best known for popular shows like Yeh Rishta Kya Kehlata Hai and Anupamaa.

His decision to invest in Madh Island reflects confidence in the area’s future growth. Many industry professionals prefer calm coastal zones with good connectivity, making this purchase strategically sound.

Madh Island has gradually transformed into a premium residential destination. It offers a blend of greenery, coastline, and urban access.

Several Bollywood personalities own properties in nearby Versova and Andheri. This trend has strengthened Mumbai celebrity home demand in the region. The presence of bungalows, sea-facing apartments, and gated projects adds to its appeal.

One major reason for rising prices is improved connectivity. The road bridge linking Madh Island to Versova has reduced travel time significantly.

Additionally, the upcoming Bandra-Versova Sea Link, part of the Mumbai Coastal Road project, is expected to further improve access. These developments support long-term appreciation in Madh Island premium residential property price trends.

High-value transactions like this create a ripple effect in surrounding areas. When celebrities invest, buyer confidence increases.

Developers also become more interested in launching premium projects. This strengthens Mumbai high rise penthouse sale activity and raises overall property benchmarks in the locality.

From an investment angle, such purchases indicate strong capital appreciation potential. Sea-facing locations with limited land availability usually outperform average markets.

Buyers looking for stability and prestige often consider similar projects. The presence of reputed developers and celebrity residents supports Rajan Shahi property purchase as a positive market signal.

In recent years, several celebrities have invested in Madh Island and nearby areas. Jubin Nautiyal earlier purchased a 4BHK apartment in the same locality. Sanjay Mishra also invested in a sea-view flat.

These repeated investments reflect consistent demand. Such patterns reinforce the position of Mumbai celebrity real estate investment in Madh Island.

The Raheja Group is known for delivering premium residential projects. Their focus on quality construction and timely delivery enhances buyer trust.

Projects developed by established brands tend to perform better in resale and rental markets. This factor further strengthens the value of Madh Island luxury apartments.

With infrastructure upgrades nearing completion, property values in Madh Island are expected to rise further. Limited new land supply will continue to support prices.

Demand from film industry professionals, entrepreneurs, and corporate leaders is likely to remain strong. This positions the area as a long-term luxury destination in western Mumbai.

Rajan Shahi’s ₹13.71 crore penthouse purchase in Madh Island highlights the growing importance of this coastal locality in Mumbai’s luxury housing market. Located in a premium high-rise with celebrity neighbours like Jubin Nautiyal and Sanjay Mishra, the property reflects rising demand for exclusive residences. Strong infrastructure development, improving connectivity, and limited supply are driving price appreciation. Such high-profile investments reinforce Madh Island’s status as a preferred destination for celebrities and high-net-worth homebuyers seeking long-term value and lifestyle comfort.