Bollywood's Suburban Real Estate Boom: Amitabh and Abhishek Bachchan Lead the Way
Amitabh Bachchan and son Abhishek Bachchan have invested in multiple apartments in Borivali, Mumbai, highlighting a growing trend among celebrities buying properties in the city's suburbs.
Real EstateMumbaiBollywoodAmitabh BachchanAbhishek BachchanReal Estate NewsJul 17, 2024
Amitabh Bachchan's latest purchase includes two apartments on the 57th floor of a tower developed by Incline Realty, a subsidiary of Oberoi Realty. He paid nearly INR 7 crore for the apartments, with a stamp duty of INR 40.72 lakh. Meanwhile, Abhishek Bachchan acquired six apartments totaling 4,894 sq ft, including two compact units measuring 252 sq ft each, which could be classified as studio apartments.\n\nThis trend is not limited to the Bachchans, as many other Bollywood celebrities are also investing in properties in Mumbai's suburbs. Improved infrastructure, better connectivity, and the availability of premium projects make suburbs like Borivali attractive, offering modern amenities and spacious homes at relatively lower prices than central Mumbai.
Amitabh Bachchan's real estate portfolio is not only diverse but also includes iconic properties. His residences in Mumbai, such as Jalsa, Prateeksha, and Janak, are well-known. He has also invested in commercial real estate, leasing four units in Mumbai's Oshiwara area to Warner Music India Limited.\n\nThe Bachchans' investments in Borivali reflect a broader trend of Bollywood celebrities considering suburban areas for their real estate investments. As the real estate landscape evolves, these high-profile investments underscore the continued appeal and growth potential of Mumbai's real estate market.
Oberoi Realty is a leading real estate developer in India, known for its high-end residential and commercial projects. The company has developed several iconic projects in Mumbai, including Oberoi Sky City, where the Bachchans have invested.
Frequently Asked Questions
Which Bollywood celebrities have invested in properties in Mumbai's suburbs?
Amitabh Bachchan and Abhishek Bachchan are among the Bollywood celebrities who have invested in properties in Mumbai's suburbs.
What is the trend among Bollywood celebrities in Mumbai's real estate market?
The trend is to invest in properties in Mumbai's suburbs, which offer modern amenities and spacious homes at relatively lower prices than central Mumbai.
What is the significance of the Bachchans' investments in Borivali?
The Bachchans' investments in Borivali reflect a broader trend of Bollywood celebrities considering suburban areas for their real estate investments, which could potentially lead to increased development and higher property values.
What is Oberoi Realty known for?
Oberoi Realty is a leading real estate developer in India, known for its high-end residential and commercial projects.
What is the appeal of Mumbai's real estate market?
Mumbai's real estate market continues to appeal to investors due to its growth potential, driven by factors such as improved infrastructure, better connectivity, and the availability of premium projects.
Related News Articles
India's Office Space Goldmine: $48 Billion Up for Grabs
Fractional ownership market expected to exceed $5 billion by 2030
Maharashtra MLC Election Results: Mahayuti Alliance Sweeps 9 Seats
The counting of votes for the Biennial election to 11 council seats in Maharashtra has concluded, with the ruling Mahayuti alliance winning all 9 seats they contested.
Real Estate Budget Expectations: Reviving the Sector through Tax Reforms
Dhruv Agarwala, Group CEO of Housing.com & PropTiger.com, discusses the positive aspects of real estate in the budget, highlighting the need for capital gains tax and stamp duties reforms to revive the sector.
SBI Funds Management Invests in Mumbai's Office Market with Rs 103 Crore Purchase
SBI Funds Management buys office space in Mumbai's Bandra-Kurla Complex for Rs 103 crore, as India's office market witnesses significant demand.
India's Top Cities Driving Economic and Real Estate Growth: Insights from Savills Global Report
As the global economic focus shifts towards the East, Indian cities are rapidly becoming hubs of innovation and economic prosperity, according to the latest Savills Growth Hubs Report.
Blackstone Aims to List Mega REIT in 2025 with $1 Billion IPO
US-based investment firm Blackstone and its partners, Sattva Group and Panchshil Realty, are targeting to raise $1 billion through an initial public offering (IPO) of their mega real estate investment trust (REIT) in 2025. The REIT will boast a commercial