Mumbai’s ultra-premium housing segment has a fresh headline-maker: playback singer Shantanu “Shaan” Mukherjee and his wife Radhika Mukherjee have picked up a sprawling 6,300 sq ft residence in Bandra West’s Palmera complex, in a deal reportedly valued at ₹48 crore.
What makes this acquisition stand out isn’t just the price tag it’s the configuration. The couple’s new home was formed by knitting together three separate units spanning roughly one-and-a-half floors on the building’s 18th level, effectively creating a bespoke super-apartment rather than buying an off-the-shelf unit. The transaction was brokered by Propbay India LLP and registered on August 20, 2026.
A Family Connection to Bandra
The purchase carries a personal thread too. Shaan’s late father, noted musician Manas Mukherjee, also called Bandra home, making this latest move something of a continuation of the family’s long association with the suburb.
Behind the Doors of Palmera
Located at 8 Turner Road near St Martin’s Road, Palmera is a boutique redevelopment project by Pantheion Real Estate, built on land that once housed veteran actress Mala Sinha’s bungalow. The tower rises Ground+22 storeys but houses just 32 residences in total capped at two apartments per floor positioning it firmly in the low-density, high-exclusivity bracket of Mumbai luxury housing.
Design highlights include bare-shell, flexible-layout units, private lobbies for each apartment, open decks, and generous 3.3-metre ceiling heights. Individual units start at roughly 2,090 sq ft of carpet area, while combined full-floor residences stretch beyond 4,180 sq ft. Amenities lean firmly into the wellness-and-lifestyle trend now common at the top end of the market: a rooftop infinity pool, sky deck, gym, yoga and Pilates studios, meditation rooms, a spa, a business meeting room, banquet and game rooms, a library, and even a dedicated pet zone with EV charging and valet services.
Part of a Bigger Trend
Shaan’s purchase lands amid a broader surge in premium home sales across the city. Industry data compiled in the Lighthouse Luxury Quarterly Real Estate Report using verified Maharashtra registration records shows Mumbai logged 1,499 luxury home registrations worth a combined ₹14,903 crore in Q1 of FY27 alone, underlining just how much capital is currently chasing marquee addresses in the city’s western suburbs.
Property Buddy’s take: Such celebrity purchases are not merely fodder for gossip they serve as a reliable indicator of where high-net-worth buyers are investing. Property prices in Bandra West remain high, not only because it is a premium locality but also because developers like Pantheon are creating homes here that are notably spacious and equipped with comprehensive amenities.
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