Amitabh Bachchan Sells Two Luxury Apartments in Mumbai for Rs 12 Crore
Bollywood actor Amitabh Bachchan has sold two adjoining luxury apartments spread over a total of 3,640 sq ft in a high-rise residential tower in Mumbai’s western suburb Goregaon for a total of Rs 12 crore. Both apartments are located on the 47th floor of the building and measure 1,820 sq ft each. The first transaction was registered on October 31 for Rs 6 crore, while the second was registered on Saturday for the same amount. The deals attracted a total stamp duty of Rs 60 lakh.
The transactions were executed separately with individual buyers, as shown by the documents accessed through realty data analytics platform CRE Matrix. The agreements include two car parking spaces each. Despite the significant transactions, ET’s email query to Bachchan’s team remained unanswered until the time of going to press.
The sale adds to a series of recent property transactions in Mumbai involving high-value assets owned by film personalities. Bachchan and his family hold multiple real estate properties across the city, including residential holdings in Juhu and other prime areas. In recent months, several prominent transactions have been recorded in the city’s premium housing segment, reflecting continued activity among high-net-worth individuals and professionals from the film and business community.
Mumbai's real estate market has been a hub for high-value transactions, particularly in prime areas like Juhu, Bandra, and Goregaon. These areas are known for their luxurious living standards and are highly sought after by celebrities and business tycoons. The sale of these apartments by Bachchan highlights the ongoing interest in such properties, despite economic uncertainties.
The decision to sell these properties could be part of a broader strategy by Bachchan to streamline his real estate portfolio. It is not uncommon for high-profile individuals to periodically reassess their property holdings and make strategic sales. This move could also be seen as a way to diversify investments and potentially reinvest in other assets or businesses.
Overall, the transaction underscores the resilience and appeal of Mumbai's luxury real estate market, which continues to attract significant interest from affluent buyers. As the city remains a key financial and cultural hub, the demand for premium properties is likely to remain strong, supported by the presence of a robust film industry and a thriving business community.
