Indian cricketer K L Rahul and his wife Bollywood actor Athiya Shetty have purchased a luxury apartment on Nargis Dutt Road in Bandra’s plush Pali Hill locality for over Rs 20 crore.

The couple has bought the apartment spread over a carpet area of 3,350 sq ft in the tower Sandhu Palace from the developer Sandhu Builders.

The buyers have paid stamp duty of Rs 1.20 crore for the registration of the transaction that took place earlier this week on July 15, showed the documents accessed through IndexTap.com.

As part of the deal, they will also get exclusive access to four car parking slots in the residential tower.

ET’s calls and text messages to K L Rahul remained unanswered until the time of going to press, while the developer declined to comment.

Real estate continues to be a top investment choice for high net-worth individuals. Bollywood celebrities and sports personalities have been actively acquiring properties, recognizing the value of these assets not just for personal use but also as an attractive investment opportunity that can contribute to their growing wealth portfolios.

Several prominent personalities from Bollywood, including actors, producers, and directors such as Amitabh Bachchan, Shah Rukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, have actively invested in various real estate ventures.

These industry stalwarts have been strategically diversifying their portfolios by acquiring properties across prime locations.

Additionally, in recent quarters, notable celebrities like Ranveer Singh, Hrithik Roshan, Rani Mukerji, Alia Bhatt, Disha Patani, and Janhvi Kapoor have also been involved in multiple high-profile transactions, focusing particularly on luxurious and upscale properties.