Aamir Khan's Strategic Investment in Mumbai's Luxury Real Estate
Bollywood superstar Aamir Khan has expanded his Mumbai real estate portfolio with the purchase of a luxury apartment in Pali Hill for INR 9.75 crores, reflecting his confidence in the city's property market.
Aamir KhanMumbai Real EstateLuxury ApartmentsPali HillBella Vista ApartmentsReal Estate NewsJul 09, 2024
This latest acquisition is a strategic investment in Mumbai's luxury real estate market, which is known for its resilience and growth potential. As a discerning investor, Khan has been proactive in expanding his real estate footprint in the city, with a focus on quality and prime locations. His investment strategy is reflective of his confidence in Mumbai's property market, which continues to attract high-end investors and homeowners.
Khan's real estate portfolio in Pali Hill is quite impressive, with a total of 9 out of 24 apartments across two buildings, namely Bella Vista Apartments and Marina Apartments. Both properties are earmarked for redevelopment, which is expected to inject new life into the locality and enhance the value of Khan's real estate assets. In fact, Man Infraconstruction Limited (MICL) has announced a significant redevelopment initiative in Pali Hill, Bandra, which will boast a planned construction potential of 50,000 square feet and an anticipated revenue of INR 500 crore.
Khan's vision for contributing to Mumbai's urban rejuvenation is aligned with his real estate investments. He aims to not only enhance the value of his properties but also play a pivotal role in shaping the future of luxury residential living in Mumbai's most coveted neighbourhoods. With each acquisition, Khan cements his role as a stakeholder in Mumbai's real estate narrative, underscoring his commitment to the city's urban development.
As the redevelopment saga unfolds in Pali Hill and Bandra, Khan's acquisitions are set to play a crucial role in reshaping the skyline and prestige of Mumbai's luxury real estate market. With strategic foresight and a keen eye 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 real estate development company that focuses on creating high-quality residential and commercial properties in Mumbai and other parts of India.
SquareYards is a renowned real estate consultancy firm that provides expert services to property buyers, sellers, and investors in India and abroad.
Frequently Asked Questions
How much did Aamir Khan pay for the luxury apartment in Pali Hill?
Aamir Khan paid INR 9.75 crores for the luxury apartment in Pali Hill, Mumbai.
What is the size of the apartment acquired by Aamir Khan?
The apartment acquired by Aamir Khan spans an expansive 1,027 square feet.
How many apartments does Aamir Khan own in Pali Hill?
Aamir Khan owns a total of 9 out of 24 apartments across two buildings, namely Bella Vista Apartments and Marina Apartments, in Pali Hill.
What is the redevelopment initiative announced by Man Infraconstruction Limited (MICL) in Pali Hill, Bandra?
Man Infraconstruction Limited (MICL) has announced a redevelopment initiative in Pali Hill, Bandra, which will boast a planned construction potential of 50,000 square feet and an anticipated revenue of INR 500 crore.
What is Aamir Khan's vision for his real estate investments in Mumbai?
Aamir Khan's vision is to contribute to Mumbai's urban rejuvenation while enhancing the value of his real estate assets, and to play a pivotal role in shaping the future of luxury residential living in Mumbai's most coveted neighbourhoods.
Related News Articles
Why India Should Allow Chinese FDI: Sanjeev Sanyal
Economist Sanjeev Sanyal bats for foreign direct investment from China, citing benefits for India's exports and manufacturing sector.
India's Major Ports Witness 3% Surge in Cargo Traffic in May
India's major ports have seen a significant increase in cargo traffic in May, with a growth rate of over 3%. This surge is a positive sign for the country's economy.
Mumbai Leads the Way in Residential Sales with 24,222 Units Sold in Q3 2024
The Mumbai real estate market experienced significant growth in 2024, with a 12% year-on-year increase in property registrations. The city saw the highest sales compared to eight other Indian cities, with a total of 24,222 units sold—a 9% year-on-year gro
Sustainable Future of Commercial Real Estate: Green Buildings on the Rise
Ashish Sharma, AVP Operations, Brahma Group, shares his insights on the growing trend of green commercial real estate in India.
Mumbai Property Market Sees 12% Growth in Registrations in June
Mumbai witnessed a 12% year-on-year growth in property registrations in June, with 11,575 units registered, indicating strong buyer confidence in the real estate market.
Maestro Realtek and GS Group Unveil Ambitious Pune Commercial Project
The joint venture is expected to boost the commercial real estate market in Pune, offering state-of-the-art amenities and infrastructure.