Sonam Kapoor and Anand Ahuja Buy Iconic Mumbai Property

In a noteworthy addition to their extensive real estate portfolio, Bollywood actress Sonam Kapoor and her husband Anand Ahuja have recently purchased Mumbai’s iconic Rhythm House for approximately ₹47.80 crore. This acquisition follows their earlier investment in a ₹231 crore London estate, further cementing the couple’s position among India’s wealthiest celebrity duos. Anand Ahuja, a successful businessman with a net worth estimated at ₹4,000 crore, and Sonam Kapoor, whose personal fortune is believed to be around ₹115 crore, continue to diversify their property holdings across prime global locations.

Rhythm House, a 3,600-square-foot property located in the cultural hub of Kala Ghoda, has a rich heritage, having been a go-to destination for music lovers since its founding in 1948. Over the decades, it adapted to changes in the music industry, offering a wide range of formats, from vinyl records to CDs. However, with the advent of digital platforms, the store saw a decline in foot traffic, eventually closing its doors in 2016. The property’s location in Kala Ghoda, an area known for its heritage architecture and cultural landmarks, adds significant value to the acquisition.

The purchase was made through Bhaane Group, a division of Shahi Exports Pvt Ltd, which is owned by Anand’s father, Harish Ahuja. Shahi Exports, a major player in the garment industry, supplies global brands such as H&M and Decathlon, showcasing the family’s far-reaching business interests. Rhythm House has a colourful history, having been owned by Firestar Diamond International Pvt Ltd’s Nirav Modi before it was put on the market following his legal and financial troubles.

From a sustainability perspective, this acquisition reflects a growing trend of repurposing historic properties. As luxury real estate prices continue to rise, particularly in heritage-rich areas like Kala Ghoda, developers are increasingly focusing on preserving cultural landmarks, turning them into valuable real estate assets. Kapoor and Ahuja’s acquisition aligns with this urban renewal strategy, contributing to both the real estate market and the broader efforts to maintain Mumbai’s architectural legacy.