Music composer and singer Salim Merchant has acquired a 50% share in commercial premises at Santacruz West, Mumbai, in a transaction valued at ₹12.85 crore. Property registration documents accessed by CRE Matrix show that the agreement was registered on October 7, 2026, with Merchant listed alongside four other buyers.
The premises are located in DLH Mangal Murti and cover the ground and first floors of the building. The buyers paid ₹77.10 lakh in stamp duty, equal to 6% of the stated transaction value. The deal also includes one car parking space.
What the registered deal includes
The property has a combined carpet area of 1,285 square feet. The ground floor measures 575 square feet, while the first floor covers 710 square feet. The agreement was executed with Shreeja Devcon Private Limited, the seller named in the registration documents.
Merchant holds half of the property, while each of the other four buyers holds a 12.5% share. Based on the reported consideration and total carpet area, the acquisition works out to approximately ₹1 lakh per square foot.
"The registration records point to a shared commercial investment, with Merchant holding the controlling 50% interest rather than sole ownership."
How ownership is divided among the buyers
The ownership structure gives Salim Merchant the largest individual stake in the property. The four remaining buyers together own the other 50%, with their equal 12.5% portions indicating a jointly held acquisition rather than a single-buyer purchase.
The documents do not state how the premises will be used, whether they will be occupied by the buyers, or whether any portion will be leased. They also do not establish the buyers’ financing arrangements or any future plans for redevelopment.
| Key Metric / Entity | Verified Detail | Strategic Impact |
|---|---|---|
| Transaction value | ₹12.85 crore | Places the deal among high-value commercial property purchases in the area |
| Registration date | October 7, 2026 | Establishes when the agreement was formally recorded |
| Salim Merchant’s share | 50% | Makes him the largest individual owner in the transaction |
| Other buyers | Four buyers, 12.5% each | Splits the remaining ownership equally |
| Property size | 1,285 sq ft carpet area | Implies an acquisition rate of about ₹1 lakh per sq ft |
| Stamp duty | ₹77.10 lakh, or 6% | Shows the statutory duty paid on the stated value |
Why the transaction matters
Celebrity-linked property purchases often draw attention because they provide a visible example of activity in Mumbai’s premium real estate market. In this case, the purchase is commercial rather than residential, and the registration documents identify a specific asset, ownership split and government duty payment.
The transaction also illustrates the importance of checking the registered agreement instead of relying only on reported purchase prices. The ₹12.85 crore figure reflects the stated transaction value in the documents accessed by CRE Matrix; it does not, by itself, indicate the property’s future rental income, resale value or market appreciation.
What happens next for buyers and the public
The immediate procedural step is complete: the agreement has been registered and the reported stamp duty has been paid. Any later transfer, mortgage, lease, redevelopment arrangement or change in use would require separate documentation and, where applicable, further approvals.
For prospective commercial-property buyers, the record highlights the need to examine title documents, carpet area, parking rights, ownership percentages, stamp duty and registration details before committing funds. No public information in the supplied records confirms Merchant’s intended use of the Santacruz West premises.
