Veteran Bollywood singer Asha Bhosle and her son Anand Bhosle have sold their luxurious 3,401 sq ft apartment in Pune’s upscale Panchshil One North project for ₹6.15 crore. The high-profile real estate transaction, which took place in July 2025, highlights the continuing demand for premium homes in Pune, even as the city’s overall residential sales saw an 8% year-on-year decline in FY 2024–25.
A Profitable Deal in a Slowing Market
Originally purchased in 2013 for ₹4.33 crore, the Bhosle family’s recent sale has resulted in a solid 42% return on investment over a 12-year period. The transaction bucks the broader trend in Pune’s housing market, where the number of residential property sales declined by 8% in the last financial year, according to industry reports. However, despite the slowdown in volume, average property prices in the city saw a 7.3% increase, reflecting a demand shift toward premium and ultra-premium segments.
About the Property: Prime Location, Premium Amenities
The apartment, located in the Panchshil One North complex near Magarpatta City, spans 3,401 sq ft of carpet area and includes an additional 182 sq ft private terrace. Situated in a high-end gated community known for luxury living and world-class amenities, the property also comes with five dedicated car parking spaces—a rarity even in the most elite neighborhoods of Pune.
One North is among Pune’s most sought-after residential addresses, especially for high-net-worth individuals (HNIs) and celebrities. Located close to IT parks, premium schools, and healthcare facilities, the project enjoys excellent connectivity to the key business districts of the city.
Who Bought the Property?
The apartment was purchased by Prerna Gaikwad and Sangram Gaikwad. According to the registration documents, a stamp duty of ₹43 lakh and a registration fee of ₹30,000 were paid at the time of the transaction, which was finalized in July 2025.
High ROI Despite Market Headwinds
Asha Bhosle’s sale has drawn attention not only due to her celebrity status but also because of the significant capital appreciation achieved. With the property originally acquired at ₹4.33 crore in 2013, the 2025 resale price of ₹6.15 crore translates into an appreciation of nearly ₹1.82 crore—a healthy 42% increase over the initial investment.
This strong performance stands out in a market that has recently experienced slowing sales due to a mix of high home loan interest rates, regulatory hurdles, and a cautious buyer sentiment post-COVID boom.
However, experts point out that luxury homes, especially those with excellent location and features, continue to perform well. “While the affordable and mid-income segments have taken a hit, the luxury market in Pune has remained resilient. Properties like Panchshil One North still attract serious buyers who value privacy, location, and exclusivity,” said a senior analyst at a leading property consultancy firm.
Pune Real Estate Trends in 2024–25
The broader Pune residential market witnessed mixed performance during the fiscal year. While home sales dropped by 8% compared to the previous year, the average property prices rose by 7.3%, largely driven by limited new supply and rising input costs.
Developers have become more cautious in launching new projects, especially in the mid-income category. However, the luxury segment has seen a noticeable uptick in both inquiries and conversions, thanks to a return of NRI buyers and high-income professionals looking to upgrade their living standards.
Additionally, areas near Magarpatta City, Kharadi, Baner, and Viman Nagar have emerged as hotspots for premium housing due to their proximity to employment hubs, social infrastructure, and gated township developments.
Star Power and Real Estate
Celebrity property transactions have always garnered public interest in India, and Asha Bhosle’s recent sale is no exception. Such high-profile sales often influence market sentiment and bring focus to premium residential developments. In this case, the deal has once again put the spotlight on Panchshil Realty’s One North project, which has long been favored by business leaders, NRIs, and film personalities.
This is not the first time a Bollywood veteran has engaged in real estate transactions in Pune. In recent years, the city has attracted several Mumbai-based celebrities, thanks to its lower density, cleaner environment, and relatively affordable luxury housing.
Celebrities Real Estate News and Updates
The sale of Asha Bhosle’s Pune apartment is more than just a celebrity headline—it’s a case study in long-term real estate investment in India’s Tier-1 cities. Despite a broader decline in housing sales, well-located luxury properties continue to offer value appreciation and liquidity.
For investors and end-users alike, this sale reinforces the idea that even in a cooling market, quality and location can still drive profitable outcomes. As Pune continues to expand its economic and infrastructural footprint, areas like Magarpatta City and surrounding zones are likely to remain attractive for real estate investments in the coming years.
