Bollywood Star Tamannaah Bhatia's Real Estate Deal: Mortgages Three Flats and Rents Commercial Space
Tamannaah Bhatia has made a significant investment in Mumbai's real estate market, mortgaging three apartments and renting a commercial property in Juhu.
Tamannaah BhatiaBollywoodReal EstateMumbaiPropstackReal EstateJul 01, 2024
The commercial property, located in Western Wind on Juhu Tara Road, spans 6065 square feet and has been rented for a period of five years. The rental agreement includes a clause for annual increments, with the rent rising to Rs 20.16 lakh in the fourth year and Rs 20.96 lakh in the fifth year. The deal also includes a security deposit of Rs 72 lakh.
Meanwhile, Tamannaah has also mortgaged three apartments in a residential building located on Veera Desai Road in Andheri West, Mumbai, to Indian Bank for Rs 7.84 crore. The apartments, situated in the Lokhandwala Complex, cover an area of 2595 square feet.
Tamannaah is not the only Bollywood celebrity to invest in real estate. Several other notable stars, including Amitabh Bachchan, Salman Khan, Ajay Devgn, and Manoj Bajpayee, have also made significant investments in the sector. Experts attribute the rise of real estate investments among Bollywood celebrities to Mumbai's high residential property capital appreciation and high rental income on commercial assets.
In recent months, the Bachchan family has made headlines with their real estate investments. Amitabh Bachchan purchased two opulent flats in the Borivali area of Mumbai for about Rs 7 crore, while his son Abhishek Bachchan paid Rs 15.42 crore for six residential units on the same floor. Additionally, Amitabh Bachchan bought three office buildings in Andheri West for over Rs 60 crore.
information
Propstack is a real estate data analytics firm that provides access to property registration paperwork and other real estate data.
Indian Bank is a leading public sector bank in India that provides a range of financial services, including home loans and mortgages.
Frequently Asked Questions
What is the value of Tamannaah Bhatia's mortgage deal?
Rs 7.84 crore
Where is Tamannaah Bhatia's commercial property located?
Juhu district, Mumbai
What is the monthly rent for Tamannaah Bhatia's commercial property?
Rs 18 lakh
How many apartments did Tamannaah Bhatia mortgage?
Three
What is the name of the real estate data analytics firm that provided access to property registration paperwork?
Propstack
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