Last Updated:January 17, 2026, 10:40 IST

Karan Johar’s new property in Khar West has caught attention due to its location and price, as the area is known for its easy links to many popular parts of Mumbai.

Karan Johar paid around Rs 48 Lakh as stamp duty. (Photo Credit: X)

Filmmaker Karan Johar has added a new home to his property list in Mumbai. He recently bought an apartment in Khar West area, one of the city’s well-known residential zones. The deal was registered in November 2025 and is valued at Rs 8.05 Crore. The house is located in Pali Vintage, a small and premium residential project, which has a carpet area of 98.49 sq. m. (approximately 1,060.13 sq. ft.) and also comes with two car parking spaces.

For this purchase, the filmmaker paid around Rs 48 Lakh as stamp duty, along with Rs 30,000 as registration charges, as per the documents reviewed by Square Yards on the Inspector General of Registration (IGR) Maharashtra portal. The property details have caught attention due to its location and price, as the area is known for its easy links to many parts of Mumbai, like Linking Road, SV Road and the Western Express Highway.

Over the years, the area has become a popular place to live in Mumbai, as it also has quick access to offices, studios, cafes and shopping spots, along with schools, colleges and healthcare facilities, which makes it a preferred choice for many high profile individuals.

What Are The Current Property Rates In Khar West, Mumbai?

As of early 2026, property rates in Khar West range from around Rs 42,000 to Rs 48,000 per sq. ft. for regular apartments, while premium properties can go as high as Rs 75,000 to Rs 80,000 per sq. ft. Meanwhile, entry-level apartments are priced from Rs 14,000 per sq. ft., whereas high-end luxury options can reach up to Rs 85,000 per sq. ft. Looking at recent trends, the average property price in the area was Rs 47,373 per sq. ft. between January and March 2025, which later increased to Rs 52,020 per sq. ft. in the period from October to December 2025.

What Are The Price Trends In Khar West?

Property prices in Khar West have shown a steady growth of 8-10% year on year. Over the past five years, the area has seen an overall appreciation of 10.3%. Compared to nearby localities, this area continues to outperform, with rates higher than Bandra East, which is around Rs 36,000 per sq. ft. and Santacruz, close to Rs 41,000 per sq. ft.

What Are Some Recent High Profile Transactions?

Apart from Karan Johar’s high-profile purchase, several other property deals have taken place in Khar West. At Joy Legend, 3 BHK apartments with a carpet area of 1515 sq. ft. are priced between Rs 9 Crore and Rs 10.5 Crore, while 4 BHK units of 2000 sq. ft. cost around Rs 11.5 Crore. Larger 5 BHK apartments, from 3,030 to 3,087 sq. ft., are listed between Rs 18 Crore and Rs 18.52 Crore.

Similarly, at New Light, 2 BHK apartments with a carpet area of 775 – 777 sq. ft. are available for Rs 5.04–5.05 Crore. The 3 BHK units, measuring 1250 –2 007 sq. ft., are priced between Rs 8.13 Crore and Rs 13.05 Crore, while 4 BHK apartments of 1554 – 2060 sq. ft. come at Rs 10.09–13.39 Crore.

What Are The Pros And Cons Of Buying Property In Khar West?

Investing in Khar West comes with several pros and cons. On the positive side, the area has steady property appreciation, which can range from 0.4% to 10.3% annually, along with prestige and the chance to build equity in a neighbourhood popular among celebrities. Buyers can also enjoy tax benefits on property investments.

On the downside, properties in the area come with high costs and ongoing maintenance expenses. Real estate in Khar West can be relatively illiquid, meaning it may take time to sell and investing here may involve opportunity costs compared to other investment options.

What Are The Advantages And Disadvantages Of Renting In Khar West?

Renting in Khar West offers certain advantages and disadvantages as well. Renting provides flexibility and requires a lower financial commitment, allowing tenants to experience the area without the risks of buying a property. It is also a way to test the neighbourhood before making a long-term investment.

However, renting comes with a few cons as well. Tenants do not gain ownership of the property, face annual rent increases and have limited control over how the property can be used or modified.

What Are The Key Metrics To Consider?

There are a few things to keep in mind before putting your money in properties located in Khar. The average purchase price is around Rs 42,573 per sq. ft., while the average rental rate is approximately Rs 132 per sq. ft. per month. Due to the area’s higher appreciation rates, the break even period for buying a property is estimated to be between 7 and 10 years, which makes it an attractive option for long term investment.

What Drives The Demand In Khar West?

Khar West is strategically located between BKC and South Mumbai, along with easy access to the Western Express Highway. The neighbourhood is also just a few minutes away from Chhatrapati Shivaji Maharaj International Airport, which is a big advantage for frequent travellers. The area has a variety of schools offering both national and international curricula. Combined with its prime location, availability of high-quality residential and commercial properties, and modern amenities, the area continues to be in strong demand from buyers and investors.

Upcoming Infrastructure

Khar West is set to witness major redevelopment work on older buildings. Several under-construction projects, such as Rustomjee Le Reve and Ekta Eminente, are bringing modern amenities to residents. Metro and new coastal roads are expected to enhance connectivity in the next few months. On the other hand, new luxury towers like Samyakth Bliss, Ajmera Atlantis and Crest Link are scheduled for completion by mid 2026, while most other projects are expected to be ready by the end of the year.

Read More