Singer and composer Salim Merchant, known for being one half of the music duo Salim-Sulaiman, has purchased commercial property in Mumbai’s Santacruz area for Rs 12.85 crore alongside four other buyers, according to real estate data platform CRE Matrix.
The transaction was registered on October 7, with stamp duty of Rs 77.10 lakh paid for the acquisition. Merchant reportedly owns a 50% stake in the property, while the remaining four buyers hold 12.5% each.
The purchase includes commercial premises with a combined carpet area of 1,285 sq. ft., along with one car parking space. The property was acquired from Shreeja Devcon Private Limited.
Details of the Santacruz property
The commercial units are situated on the ground and first floors of DLH Mangal Murti in Santacruz, Mumbai. The ground-floor premises cover 575 sq. ft., while the first-floor unit measures 710 sq. ft. Together, they account for the total carpet area of 1,285 sq. ft., in addition to the parking facility.
The acquisition adds Merchant to the list of entertainment personalities investing in Mumbai’s commercial real estate market, where property purchases can offer opportunities for long-term asset ownership and potential rental income.
Bollywood personalities expand their property investments
Merchant’s acquisition follows a reported purchase by singer Sonu Nigam, who recently bought three commercial units in Andheri West for a combined Rs 17 crore.
Several other Bollywood celebrities have also invested in Mumbai properties through purchases and leasing arrangements. These include Karisma Kapoor, Kareena Kapoor Khan, Saif Ali Khan, Salman Khan, Amitabh Bachchan and Ajay Devgn.
About Salim Merchant
Salim Merchant works alongside his brother Sulaiman Merchant as part of the composer duo Salim-Sulaiman, whose family roots lie in Gujarat’s Kutch region. The pair made their composing debut with the 1997 film Hameshaa and gained wider recognition through Pyaar Mein Kabhi Kabhi in 1999.
They subsequently became prominent in the 2000s with soundtracks for films such as Hum Tum, Mujhse Shaadi Karoge, No Entry, Salaam Namaste and Dhoom 2.
Salim has also built a career as a singer, with popular tracks including Ishq Wala Love from Student of the Year, Shukran Allah from Kurbaan and Aashayein from Iqbal.
Source: Mint
