Aamir Khan's Strategic Bet on Mumbai Real Estate: A 9.75 Crore Apartment in Pali Hill
Bollywood superstar Aamir Khan expands his Mumbai real estate portfolio with a luxurious apartment in Pali Hill, a bold move reflecting his confidence in the city's property market.
Mumbai Real EstateLuxury PropertiesPali HillAamir KhanProperty InvestmentReal Estate MumbaiJul 09, 2024
The transaction, which took place on June 25, included a stamp duty payment of INR 58.5 lakh and a nominal registration fee of INR 30,000. This strategic investment in Mumbai's prime residential market reflects Khan's confidence in the city's property market resilience.
Khan already owns eight apartments in Bella Vista Apartments and Marina Apartments in Pali Hill, making him a significant stakeholder in the area. Both properties are slated for redevelopment, which aligns with Khan's vision for contributing to Mumbai's urban rejuvenation while enhancing the value of his real estate assets.
In December last year, Man Infraconstruction Limited (MICL) announced a significant redevelopment initiative in Pali Hill, Bandra, where Khan holds property. The project aims to inject new life into the locality, boasting a planned construction potential of 50,000 square feet and an anticipated revenue of INR 500 crore.
Khan's proactive approach to expanding his real estate footprint resonates with his long-standing prominence in Bollywood and Mumbai's elite circles. His investments not only reflect confidence in the city's property market but also contribute tangibly to its ongoing urban development narrative.
As the redevelopment saga unfolds in Pali Hill and Bandra, Khan's acquisitions are set to play a pivotal role in reshaping the skyline and prestige of Mumbai's luxury real estate market. With strategic foresight and a lookout for quality, Aamir Khan continues to carve out a distinct niche in the city's evolving urban landscape, positioning himself at the forefront of Mumbai's real estate narrative.
Information Man Infraconstruction Limited (MICL) is a leading Indian construction company that has been instrumental in shaping Mumbai's urban landscape. Their redevelopment initiatives have transformed several neighborhoods in the city, making them a key player in Mumbai's real estate market.
SquareYards is a leading real estate consultancy firm that provides comprehensive property services to clients across India. With a strong presence in Mumbai, the company has been instrumental in facilitating several high-profile transactions, including Aamir Khan's recent purchase.
Frequently Asked Questions
How much did Aamir Khan pay for the apartment in Pali Hill?
Aamir Khan purchased the apartment for INR 9.75 crore.
Where is the apartment located?
The apartment is located in Bella Vista Apartments, Pali Hill, Mumbai.
What is the size of the apartment?
The apartment spans an impressive 1,027 square feet.
What is the redevelopment plan for Pali Hill and Bandra?
Man Infraconstruction Limited (MICL) has announced a significant redevelopment initiative in Pali Hill, Bandra, with a planned construction potential of 50,000 square feet and an anticipated revenue of INR 500 crore.
How many apartments does Aamir Khan own in Pali Hill?
Aamir Khan owns a total of 9 apartments across Bella Vista Apartments and Marina Apartments in Pali Hill.
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