In a city where space is a luxury and legacy lives on every street corner, Mumbai’s elite don’t just own homes; they build landmarks. And now, Bollywood’s power couple, Ranbir Kapoor and Alia Bhatt, have raised the bar by moving into what is reportedly the most expensive celebrity home in Mumbai, a stunning, custom-built Rs 250 crore bungalow in Bandra.
This isn’t just another student residence. It’s a legacy home, built for the new age, and set at a price that’s reflective of both. Let’s take a peek inside this palace of today that is making waves in India.
A Legacy Recast: From Krishna Raj to Kapoor-Bhatt Sanctuary
The bungalow’s location is of huge emotional significance; it was once Krishna Raj, the family home of Raj Kapoor, the legendary Indian film showman. For decades, it was occupied by his son, Rishi Kapoor, and wife, Neetu Kapoor. After Rishi Kapoor’s passing in 2020, the family decided to rebuild the property into a multi-story bungalow that would serve as a home for the next generation.
Now completed after several years of construction and planning, the new six-story house is ready to welcome Ranbir Kapoor, Alia Bhatt, their daughter Raha, and Ranbir’s mother, Neetu Kapoor.
A Glimpse of the Grandeur
Though the interiors remain mostly under wraps, videos and photos of the bungalow’s facade have surfaced, and they’re enough to suggest that this home is nothing short of spectacular. Punjabesh green surrounds the structure, with glass paneling of sleek design and modern elements taking over the façade. The appearance is new-age luxe, sophisticated, and immensely personal—a convergence of fresh-age luxury with whispers of Kapoor heritage.
It features private family suites, entertainment lounges, guest rooms, landscaped terraces, and state-of-the-art security amenities—a requirement for any high-profile celebrity home in the city.
Diwali Launch & New Beginnings
The Kapoor-Bhatt family is reported to move in during Diwali, which would also be the official housewarming of their long-awaited “forever home.” The celebration will be intimate but poignant, particularly considering the emotional value the house has for the Kapoor family.
It’s not a move. It’s the next chapter in a family saga.
The Cost: Breaking Mumbai’s Celebrity Real Estate Record
At a whopping Rs 250 crore, Ranbir and Alia’s bungalow is now the most valued residence of a Bollywood star in Mumbai, trumping even Shah Rukh Khan’s legendary Mannat (worth approx. Rs 200 crore) and Amitabh Bachchan’s Jalsa (worth an estimated Rs 120 crore).
This price tag isn’t merely a question of the layout; it’s a question of location, heritage, and stardom. The bungalow is located in Bandra Pali Hill, one of the most upscale residential areas of Mumbai, where house prices keep climbing due to scarcity and strong demand from India’s rich and elite.
A Home for Bollywood’s Power Couple
Both Alia and Ranbir have accomplished individual success in Bollywood, and both of them together are a new generation of stardom. When both of them decide to shift into a shared home, a Kapoor family piece of land, no less, it is symbolic on many levels. It’s the coming together of two movie dynasties (the Bhatts and the Kapoors), a promise to family, and a declaration of stability within an otherwise transitory profession.
For Alia, it’s her first major move into a legacy property; for Ranbir, it’s a continuation of the Kapoor family’s cinematic lineage right from Prithviraj Kapoor to Raj Kapoor and now, to him and his daughter, Raha.
A Private Life Behind Public Glamour
Even with their international stardom, both Alia and Ranbir have been staunchly private when it comes to their lives outside of work. This house, grand and record-breaking as it is, also appears to be designed as a refuge, a secure environment in which their daughter can develop out of the perpetual spotlight and in which the family can find normalcy behind closed walls and locked gates.
Final Thoughts
Ranbir Kapoor and Alia Bhatt’s new home isn’t just the most expensive celebrity bungalow in Mumbai. It’s a milestone. A tribute to the past, a celebration of the present, and a foundation for the future, this Rs 250 crore residence is more than real estate. It is a symbol of everything the couple stands for: legacy, love, and living life on their own terms.
As the family gets ready to step foot into their new life this Diwali, the house is ready not only to welcome stars but also to hold memories, milestones, and moments that matter.