Prominent music composer Salim Merchant has entered into a significant real estate transaction, acquiring a commercial property in the Santacruz West area of Mumbai. According to property registration documents accessed by CRE Matrix, the transaction was officially registered on October 7, 2026. The purchase price for the unit stands at Rs 12.85 crore, with the buyers additionally paying a stamp duty of Rs 77.10 lakh, which accounts for 6% of the transaction value.
The commercial space is situated within a building known as DLH Mangal Murti, located at the junction of Linking Road and Talmaki Road. This location is widely recognized as a major retail high-street in Mumbai, attracting a steady stream of shoppers and visitors. The property comprises a combined carpet area of 1,285 square feet, split between 575 square feet on the ground floor and 710 square feet on the first floor. As part of the agreement, the buyers also acquired one car parking space.
Merchant led the investment as the primary buyer, holding a 50% stake in the property. He was joined by four other investors, each of whom holds a 12.5% share in the acquisition. The seller of the commercial premises is identified as Shreeja Devcon Private Limited. Based on the purchase price of Rs 12.85 crore, the cost equates to approximately Rs 1 lakh per square foot of the carpet area.
Linking Road remains one of the city's most established shopping destinations, often sought after by those looking to invest in retail or commercial assets due to its high footfall and connectivity. Industry experts have noted that properties in such prime locations are frequently targeted by investors looking for reliable rental yields and long-term asset appreciation within Mumbai's bustling real estate market.
The move comes amid a trend of Bollywood personalities and entertainers expanding their investment portfolios in Mumbai’s commercial real estate sector. Recently, singer Sonu Nigam made headlines for a similar investment, purchasing three commercial units in the Andheri West area for a total of Rs 17 crore. These transactions, which were registered on August 6, 2026, included two adjoining units on the first floor and a ground-floor office space in the Aston building located in the Sundervan Complex on Lokhandwala Road.
Other notable figures from the Indian film industry, including Amitabh Bachchan, Salman Khan, Saif Ali Khan, Kareena Kapoor, Karishma Kapoor, and Ajay Devgn, have also historically been involved in high-value commercial real estate deals across Mumbai. Analysts suggest that these acquisitions often serve as strategic financial moves, with celebrities leveraging their capital to acquire high-yield assets in the city’s most sought-after commercial districts.
As of the time of reporting, representatives for Salim Merchant and Shreeja Devcon Private Limited have not provided official comments regarding the transaction. The registration of the deal in early October highlights the continued activity in Mumbai’s commercial real estate market, as investors continue to prioritize established shopping hubs for their business ventures.
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