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.
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