Amitabh and Abhishek Bachchan Invest in Luxury Apartments in Mumbai's Mulund
The father-son duo has made a significant investment in the real estate sector by acquiring ten luxury apartments in Mumbai, further solidifying their property portfolio.
Amitabh BachchanAbhishek BachchanReal EstateLuxury ApartmentsMumbaiReal Estate MumbaiOct 24, 2024
According to registration documents from Square Yards, a platform for property transactions, the Bachchans have purchased ten apartments in a high-end residential development called Eternia by Oberoi Realty. Eight of these apartments each cover an area of 1,049 square feet, while the remaining two units are smaller, measuring 912 square feet each.
Out of the ten properties, Abhishek acquired six for approximately Rs 14.77 crore, while Amitabh purchased the remaining four for around Rs 10.18 crore. The duo has also paid a stamp duty of Rs 1.50 crore for this transaction.
This new property acquisition follows Abhishek's earlier purchase of six flats in Borivali for Rs 15.42 crore in June. Those apartments, located in the Oberoi Sky City project, are situated on the 57th floor of a skyscraper along the Western Express Highway in Borivali East.
Earlier this year, Amitabh Bachchan bought a plot of land in Alibaug for Rs 10 crore, spanning 10,000 square feet, from The House of Abhinandan Lodha (HoABL) as part of a project called A Alibaug. He also invested in land in Ayodhya earlier in January. Additionally, last year, Amitabh gifted his suburban Juhu bungalow, 'Prateeksha,' valued at over Rs 50.63 crore, to his daughter, Shweta Bachchan.
The Bachchan family's combined wealth, as declared by Jaya Bachchan, stands at Rs 1,578 crore, making them one of the most affluent families in the Indian film industry. Their strategic investments in real estate not only enhance their financial stability but also solidify their standing in the property market.
With these recent acquisitions, the Bachchans are positioned to benefit from the growing real estate market in Mumbai, known for its high demand and steady appreciation in property values. Their continued investment in high-end residential developments reflects their confidence in the sector and their long-term vision for wealth management.
Oberoi Realty, a prominent real estate developer in Mumbai, has been at the forefront of luxury property development. The company's projects, such as Eternia and Oberoi Sky City, are known for their premium amenities and premier locations, making them attractive investments for high-net-worth individuals like the Bachchans.
Despite the ongoing divorce rumors, Abhishek Bachchan's continued investment in real estate demonstrates his commitment to building a strong financial foundation. This strategic move is likely to ensure long-term stability and growth for the Bachchan family's wealth and property portfolio.
Frequently Asked Questions
How much did Amitabh and Abhishek Bachchan invest in their new property in Mulund?
Amitabh and Abhishek Bachchan invested a total of Rs 24.95 crore in their new property in Mulund, Mumbai.
How many apartments did the Bachchans purchase in Eternia by Oberoi Realty?
The Bachchans purchased ten apartments in Eternia by Oberoi Realty, a high-end residential development in Mulund, Mumbai.
What is the size of the apartments the Bachchans purchased?
Eight of the apartments each cover an area of 1,049 square feet, while the remaining two units are smaller, measuring 912 square feet each.
How much did Abhishek Bachchan pay for his six apartments in Eternia?
Abhishek Bachchan paid approximately Rs 14.77 crore for his six apartments in Eternia.
What other real estate investments have the Bachchans made recently?
Recently, Abhishek Bachchan purchased six flats in Borivali for Rs 15.42 crore, while Amitabh Bachchan bought a plot of land in Alibaug for Rs 10 crore and land in Ayodhya. Additionally, last year, Amitabh gifted his suburban Juhu bungalow, 'Prateeksha,' to his daughter, Shweta Bachchan.
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