Shaan buys Rs 48 crores Palmera home, highlights Mumbai’s luxury housing boom

Bollywood playback singer Shantanu ‘Shaan’ Mukherjee and his wife Radhika Mukherjee have made a high-value addition to their real estate portfolio with the purchase of a luxury residence at Palmera in Bandra West.

The couple has acquired a 6,300-square-foot home for Rs 48 crore in the upscale residential development.

The transaction was registered on August 20, 2026, and was brokered by Propbay India LLP.

The residence has been created by combining three separate apartments spread across approximately one-and-a-half floors on the 18th level of the tower.

Shaan’s latest property acquisition also adds another chapter to his family’s long-standing association with Bandra.

His late father, musician Manas Mukherjee, had also lived in the Mumbai suburb.

Located at 8 Turner Road, near the junction of St Martin’s Road, Palmera is a boutique residential project developed by Pantheion Real Estate.

The tower stands on the redeveloped plot that once housed the bungalow of veteran actress Mala Sinha.

Rising 22 storeys above the ground, the development has only 32 residences, making it a low-density luxury address.

Palmera offers open-plan bare-shell apartments that can be customised according to the owners’ requirements.

The residences feature private apartment lobbies, open decks and 3.3-metre floor-to-ceiling heights.

Individual homes start at around 2,090 square feet of carpet area, while full-floor residences extend beyond 4,180 square feet.

The development also offers several lifestyle and wellness facilities, including a rooftop infinity pool, sky deck, gymnasium, Pilates and yoga studios, meditation rooms, spa, salon vanity room, business meeting room, banquet hall, game room, library, card room and children’s play area.

Other facilities include a pet zone, EV charging stations and valet services.