Bollywood Star Tamannaah Bhatia Invests in Mumbai's Retail Space
Tamannaah Bhatia buys retail space worth ₹24 crore in Mumbai, marking her third property deal in June.
Tamannaah BhatiaMumbaiRetail SpaceProperty InvestmentBollywoodReal Estate MumbaiJul 06, 2024
The acquisition includes two units, one each on the ground and first floors of Bharat Altavista tower, along with two parking slots. The total area of the retail space spans 2,197 square feet, with the ground floor unit covering 900 square feet and the first-floor unit spreading across 1,297 square feet.
According to real estate sources, Bhatia has invested in the property for rental income purposes. The high-end transaction, registered on June 27, 2024, lists Bharat Realty Ventures Pvt Ltd as the seller, while Tamannaah Gems and Jewellery Limited, a company run by the actress and her parents, is the buyer.
Bhatia's investment in the retail space is a strategic move, given the high demand for commercial properties in Mumbai. The city's property market has long been a favorite among Bollywood celebrities, who see commercial properties as a lucrative investment opportunity. The trend is attributed to high rental yields and capital appreciation of residential real estate in the financial capital.
In recent times, several celebrities, including Sara Ali Khan and Kartik Aaryan, have invested in commercial properties in Mumbai. Last month, the Bachchan family made headlines with their property purchases in the city's Borivali suburb. Tamannaah Bhatia's investment in the retail space is a testament to the enduring appeal of Mumbai's property market among the Bollywood fraternity.
Information
Bharat Realty Ventures Pvt Ltd is a leading real estate developer in India, known for its high-end residential and commercial projects. Tamannaah Gems and Jewellery Limited is a company run by actress Tamannaah Bhatia and her parents, which operates a jewelry line called WitenGold.
WitenGold is a jewelry line founded by Tamannaah Bhatia, with her parents as co-directors. The brand is known for its exquisite designs and high-quality jewelry.
Frequently Asked Questions
How much is Tamannaah Bhatia's retail space worth?
Tamannaah Bhatia's retail space is worth ₹24 crore.
Where is Tamannaah Bhatia's retail space located?
Tamannaah Bhatia's retail space is located in Andheri West, Mumbai.
Why did Tamannaah Bhatia invest in retail space?
Tamannaah Bhatia invested in retail space for rental income purposes.
What is the total area of Tamannaah Bhatia's retail space?
The total area of Tamannaah Bhatia's retail space is 2,197 square feet.
Who is the seller of Tamannaah Bhatia's retail space?
The seller of Tamannaah Bhatia's retail space is Bharat Realty Ventures Pvt Ltd.
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