Salim Merchant buys commercial property in Mumbai for Rs 12.85 crores: Report
Music composer and singer Salim Merchant has purchased a commercial property in Mumbai’s Santacruz West for Rs 12.85 crores, according to property registration documents accessed by CRE Matrix. The transaction was registered on October 7, 2026, with Salim Merchant among five buyers involved in the deal. The buyers paid Rs 77.10 lakhs in stamp duty, which amounts to 6% of the stated transaction value. Salim Merchant holds 50% stake in property According to the registration documents, Salim Merchant holds a 50% ownership share in the property. The remaining four buyers each hold a 12.5% stake. The property was purchased from Shreeja Devcon Private Limited and comprises commercial premises spread across the ground and first floors of DLH Mangal Murti in Santacruz West. The combined carpet area of the two floors is 1,285 sq ft. The ground floor accounts for 575 sq ft, while the first floor has a carpet area of 710 sq ft. The agreement also includes one car parking space. Property deal wo...