Bollywood Star Tamannaah Bhatia's Latest Real Estate Moves Revealed
Tamannaah Bhatia mortgages three apartments in Mumbai's Andheri West and rents commercial property in Juhu for Rs 18 lakh a month.
Real EstateBollywoodMumbaiTamannaah BhatiaInvestmentReal Estate NewsJul 01, 2024
The commercial property, covering an area of 6065 square feet, has been rented for a period of five years. The rent is scheduled to increase to Rs 20.16 lakh in the fourth year and Rs 20.96 lakh in the fifth year. The deal, registered on June 27, 2024, required a security deposit of Rs 72 lakh.
Meanwhile, Indian Bank has acquired a mortgage for Rs 7.84 crore, secured by the three apartments in a residential building located on Veera Desai Road in Andheri West, Mumbai. The transaction was registered on June 14, 2024, and a stamp duty of Rs 4.7 lakh was paid.
The apartments, situated in Andheri West's Lokhandwala Complex, cover an area of 2595 square feet. Tamannaah's investment in real estate is not an isolated incident. Several Bollywood celebrities, including Amitabh Bachchan, Salman Khan, Ajay Devgn, and Manoj Bajpayee, have invested in real estate.
Experts attribute the rise in real estate investments to Mumbai's residential real estate capital appreciation and high rental income on commercial assets. The Bachchan family, for instance, has made several headlines recently for their real estate purchases. Amitabh Bachchan bought two opulent flats in Borivali for about Rs 7 crore, while his son Abhishek Bachchan purchased six residential units on the same floor for Rs 15.42 crore.
In Andheri West, Big B also bought three office buildings for over Rs 60 crore. Tamannaah's recent investment in real estate is a testament to the growing trend of Bollywood celebrities investing in the sector.
Frequently Asked Questions
How much did Tamannaah Bhatia mortgage her flats for?
Rs 7.84 crore
Where are the mortgaged flats located?
Andheri West, Mumbai
How much is the monthly rent for the commercial property in Juhu?
Rs 18 lakh
What is the duration of the commercial property rental agreement?
Five years
Which Bollywood celebrities have invested in real estate?
Amitabh Bachchan, Salman Khan, Ajay Devgn, Manoj Bajpayee, and Tamannaah Bhatia, among others
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