Bollywood Legend Amitabh Bachchan Expands His Luxury Real Estate Portfolio in Mumbai
Amitabh Bachchan invests ₹6.78 crore in two apartments in Borivali's Oberoi Sky City, adding to his ₹100 crore property portfolio in Mumbai and Alibaug
Amitabh BachchanLuxury Real EstateOberoi RealtyMumbaiBorivaliReal EstateJun 28, 2024
This investment is a significant addition to Amitabh Bachchan's luxury real estate portfolio, which has already seen an investment of over ₹100 crore in the last year. His property portfolio spans across Mumbai, Alibaug, and Ayodhya, showcasing his interest in prime locations.
Earlier this year, his son Abhishek Bachchan had purchased six apartments in the same project, totaling 4,894 sq ft of RERA carpet area, for ₹15.42 crore. The Oberoi Sky City project is considered one of the costliest luxury buildings in the Borivali area, with apartments selling in the range of ₹31,000 to ₹37,000 per sq ft, according to local brokers.
Amitabh Bachchan's recent investment in Oberoi Sky City is not his only real estate venture in Mumbai. He has also invested in seven office spaces measuring 16,825 sq ft, bought for nearly ₹90 crore. Additionally, he has purchased a 10,000 sq ft land parcel in Alibaug, near Mumbai, for ₹10 crore. In Ayodhya, he has bought a plot for over ₹14 crore in 'The Sarayu', a plotted development project constructed by The House of Abhinandan Lodha (HoABL).
With his growing real estate portfolio, Amitabh Bachchan is emerging as a shrewd investor in the luxury property market in India.
Information
Oberoi Realty is a leading real estate developer in India, known for its luxury residential projects in Mumbai and other cities. The company has developed several iconic projects, including the Oberoi Sky City in Borivali, which offers luxurious apartments with world-class amenities.
The House of Abhinandan Lodha (HoABL) is a Mumbai-based real estate developer, known for its plotted development projects in Ayodhya and other locations. Its project, 'The Sarayu', is a prime example of its expertise in creating luxury residential spaces.
Frequently Asked Questions
How much did Amitabh Bachchan invest in the two apartments in Oberoi Sky City?
₹6.78 crore
What is the size of each apartment purchased by Amitabh Bachchan?
1,094 sq ft of RERA carpet area
What is the total value of Amitabh Bachchan's real estate portfolio in the last year?
Over ₹100 crore
What is the name of the real estate developer behind the Oberoi Sky City project?
Oberoi Realty
Where is Amitabh Bachchan's 10,000 sq ft land parcel located?
Alibaug, near Mumbai
Related News Articles
Khadi Association Sells 3.84-Acre Borivali Land for ₹539 Crore: A Major Real Estate Deal
The Khadi and Village Industries Commission (KVIC) has made a significant real estate transaction by selling a 3.84-acre plot in Borivali, Mumbai, for ₹539 crore. This deal highlights the ongoing development and investment potential in the area.
Adani to Invest $2 Billion in New International Convention Centre, Rivals Jio World
The Mumbai Metropolitan Region Development Authority (MMRDA) has approved Adani Group's plan to invest $2 billion in constructing a new International Convention Centre, setting the stage for a major competition with Jio World.
Cement Prices on the Rise: Real Estate and Infrastructure Projects in Maharashtra to Gain Momentum
Cement consumption in Maharashtra is expected to increase, boosting real estate and infrastructure projects. The return of the Mahayuti government is likely to accelerate these developments.
South Mumbai Real Estate Scam Exposes Major Property Fraud
The recent exposure of a major real estate scam in South Mumbai has sent shockwaves through the local property market. The case involves charges of cheating and forgery, with serious violations under the Maharashtra Rent Control Act, affecting numerous te
India's Housing Market Sees Significant Growth: CREDAI Report
Average housing prices across India's top eight cities witnessed a 10% annual increase during Q4 2024, with Delhi NCR leading the rise at 31%. The report by CREDAI and leading property consulting firms highlights a sustained upward trend in housing prices
Exploring the Effects of Higher Interest Rates on the Real Estate Market
Interest rates play a crucial role in the real estate market, influencing whether the sector thrives or struggles. As global interest rates continue to rise, it's essential to understand how these changes impact the real estate industry.