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Bollywood playback singer Shaan Mukherjee and wife Radhika have bought a 6,300 sq ft luxury residence at Bandra’s Palmera complex for Rs48 crore. The deal comes amid Mumbai’s premium real estate boom, with nearly 1,500 luxury homes registered in Q1 FY27

Bollywood playback singer Shantanu 'Shaan' Mukherjee and his wife Radhika Mukherjee have acquired a 6,300-square-foot luxury residence at the Palmera complex in Bandra West for Rs48 crore. Created by combining three separate apartments across roughly one-and-a-half floors on the 18th level, the transaction—brokered by Propbay India LLP and registered on August 20, 2026—serves as a high-profile case study for an unprecedented wave of high-net-worth real estate transactions across Mumbai.

The deal deepens a multi-generational Bandra connection for Shaan, whose late father, musician Manas Mukherjee, also lived in the suburb. However, its broader industry significance lies in how seamlessly it reflects the sheer volume of capital flowing into premium residential developments.

Bollywood playback singer Shantanu Mukherjee—better known as Shaan | File

Palmera: Architectural specs, features and amenities

The venue for Shaan’s purchase, Palmera, is a boutique residential tower developed by Pantheion Real Estate at 8 Turner Road, near the junction of St Martin's Road in Bandra West. Constructed on the redeveloped plot that once housed the landmark bungalow of veteran film actress Mala Sinha, the project stands Ground + 22 storeys tall and is designed as a low-density sanctuary containing just 32 exclusive residences, limiting occupancy to a maximum of two apartments per floor.