Bachchans Make a Major Real Estate Move with ₹25 Crore Investment in Mulund, Mumbai
Amitabh and Abhishek Bachchan have made a significant real estate investment by purchasing luxury properties worth ₹24.95 crore in Mulund, Mumbai, further expanding their already substantial real estate portfolio.
BachchansReal EstateInvestmentMumbaiMulundReal EstateOct 24, 2024
The Bachchan family has acquired a total of 10 apartments, spanning a carpet area of 10,216 sq. ft. Eight of these apartments have a carpet area of 1,049 sq. ft. each, while the remaining two units are 912 sq. ft. Each transaction includes two car parking spaces, and the total stamp duty for the deal amounts to Rs. 1.50 crore.
Abhishek Bachchan has purchased six of these apartments, totaling Rs. 14.77 crore, while Amitabh Bachchan has acquired the remaining four. This significant investment adds to the family’s already expansive real estate portfolio in the Mumbai Metropolitan Region (MMR).
According to Square Yards, since 2020, the Bachchan family has been involved in more than a quarter of celebrity real estate transactions in the MMR. They have amassed approximately 0.19 million sq. ft. of property with a combined investment of Rs. 219 crore. Remarkably, the Bachchans have invested over Rs. 100 crore in real estate in 2024 alone.
Their portfolio primarily includes properties in Oshiwara and Magathane (Borivali East), comprising both residential and commercial spaces. This latest acquisition in Mulund further solidifies the Bachchans' presence in Mumbai’s real estate market.
Oberoi Realty, one of the leading real estate developers in Mumbai, is known for its premium projects. The Eternia project in Mulund West is a prime example of their high-quality developments, offering luxurious living in one of the city's most sought-after areas.
The Bachchan family’s continued investment in real estate reflects their strategic approach to wealth management and their confidence in the Mumbai real estate market. With this new acquisition, they are poised to benefit from the region’s growing appeal and potential for future appreciation.
Frequently Asked Questions
How much did the Bachchans invest in the Mulund properties?
The Bachchans invested Rs. 24.95 crore in the Mulund properties.
Where are the new properties located?
The new properties are located in the Eternia project by Oberoi Realty in Mulund West, Mumbai.
How many apartments did the Bachchans purchase?
The Bachchans purchased a total of 10 apartments.
What is the total carpet area of the purchased properties?
The total carpet area of the purchased properties is 10,216 sq. ft.
What is the total stamp duty for this real estate deal?
The total stamp duty for this real estate deal is Rs. 1.50 crore.
Related News Articles
The Rise of Tier 2 Cities: Unlocking India's Real Estate Potential
India's real estate industry is no longer confined to major urban hubs
Hindu Leader Shankaracharya Swami Avimukteshwaranand Condemns Betrayal of Uddhav Thackeray
VIDEO | Shankaracharya of Jyotirmath voices support for Shiv Sena (UBT) Chief Uddhav Thackeray, criticizes betrayal and calls for preservation of Hindu values
Suniel Shetty and Son Ahan Buy Mumbai Property for Rs 8.01 Crore
Suniel Shetty and his son Ahan Shetty have reportedly bought a property in Mumbai’s Khar West (Bandra) for a whopping Rs 8.01 crore.
Booming Real Estate Market Drives Land Purchases and Joint Development Deals
The post-pandemic revival in the property market of the world's fifth-largest economy has led to a significant surge in land purchases and joint development deals, signaling a robust recovery and renewed investor confidence.
Indian REITs Association Welcomes Alok Aggarwal as New Chairman
The Indian REITs Association (IRA) has announced the appointment of Alok Aggarwal as its new chairman. Aggarwal, the CEO of Brookfield India Real Estate Trust, will lead the organization in its mission to promote and regulate the real estate investment tr
Pune: PMC Plants 5,015 Trees to Compensate for Tree Felling on Ganeshkhind Road
Pune: In an effort to offset the environmental impact of felling trees on Ganeshkhind Road, the Pune Municipal Corporation (PMC) has initiated a major tree planting drive. A total of 5,015 trees will be planted as part of this initiative.