Indian Idol Runner-up Rahul Vaidya buys luxury Home in Mumbai for Rs. 9 crore

According to registration paperwork by Square Yards, Season 1 runner-up on Indian Idol, Rahul Krishna Vaidya recently purchased a residential property in Mumbai for Rs. 9 crores. The recently acquired apartment is situated on a wide 1.25-acre campus in DLH Signature, a premium project by DLH Group that offers 3 BHK, 4 BHK, and 5 BHK homes with a variety of amenities.

The property is situated in Bandra West, an area that has recently witnessed a sharp increase in celebrity real estate investments. Sports figures like KL Rahul and Athiya Shetty, as well as Bollywood celebrities Sunil Shetty, Ranveer Singh, and Deepika Padukone, have also purchased homes in this neighborhood.

An exclusive, close-knit community is created by Bandra's longstanding connections to Bollywood and sports icons. Entertainment professionals can clearly profit from its close proximity to production studios, networking events, and the film industry. Bandra is a popular choice for well-known people looking for upscale residential spaces in Mumbai because of its luxurious houses, contemporary facilities, and convenient access to the airport and business centers.

The Vaidya's flat, according to Square Yards, has a built-up size of 317.93 sq. m (~3,422 sq. ft.) and a carpet area of roughly 3,110 sq. ft. (~288.92 sq. m). After the transaction was completed in October 2024, a registration fee of Rs. 30,000 and stamp duty of Rs. 56.37 lakh were paid.

Celebrities who live in Mumbai have long shown interest in the city's real estate market as a favorite place to invest, particularly in commercial real estate. Actors Sara Ali Khan and Kartik Aaryan are among the well-known celebrities on this vast list of clients, along with several from the younger generation.

According to experts, they may invest in real estate for a variety of reasons, such as diversifying their portfolio, earning rental income, end-use, or even emotional reasons, such as the possibility that a property may be valued only on the basis of the buyer's memories.