Borivali's Rising Star: Abhishek Bachchan's Luxury Apartment Investment
Bollywood star Abhishek Bachchan's recent investment in six luxury apartments at Oberoi Sky City, Borivali, highlights the area's growing real estate appeal.
BorivaliMumbaiReal EstateLuxury ApartmentsOberoi Sky CityReal Estate MumbaiJul 01, 2024
The apartments, located on the 57th floor, cater to a variety of needs, with two compact units measuring 252 sq. ft each, acquired for INR 79 lakh apiece, and four larger apartments offering 1,100 sq. ft of carpet area, costing approximately INR 3.5 crore each.
Oberoi Sky City is part of a larger development plan that's rapidly reshaping Borivali's residential landscape. The expansive project encompasses a staggering 25 acres and features eight luxury towers, along with the sprawling Sky City Mall, offering a plethora of shopping and entertainment options. The planned inclusion of a prestigious JW Marriott Hotel signifies a significant investment in Borivali's future, creating a truly integrated and world-class living experience.
Industry experts point to Borivali's recent surge in popularity, with key areas in Mumbai witnessing average property price increases ranging from 13% to 27%. This upswing is attracting not only celebrities but also high-net-worth individuals seeking luxurious living spaces with excellent connectivity to other parts of the city.
Abhishek Bachchan isn't the only Bollywood personality recognizing Borivali's potential. Several A-listers boast impressive property portfolios across Mumbai, including his father, Amitabh Bachchan, Shah Rukh Khan, Akshay Kumar, and Aishwarya Rai Bachchan. Recent high-profile purchases further showcase the allure of Mumbai real estate, such as John Abraham's stunning bungalow acquisition in Khar for INR 70.83 crore and industrialist Nadir Godrej's INR 180 crore investment in three sprawling Malabar Hill apartments.
This trend highlights real estate's enduring appeal as a preferred investment option for celebrities, offering not just a place to live but also the potential for long-term financial gains. With Borivali's transformation and rising property values, Abhishek Bachchan's investment could be a trendsetter, paving the way for more luxury projects in the area. Borivali might well become the next big name in Mumbai's high-end residential market, attracting not just celebrities but anyone seeking a luxurious and well-connected address.
Frequently Asked Questions
What is the carpet area of the larger apartments acquired by Abhishek Bachchan?
The larger apartments offer 1,100 sq. ft of carpet area, costing approximately INR 3.5 crore each.
What is the planned development in Oberoi Sky City, besides the luxury apartments?
The planned development includes the sprawling Sky City Mall, offering a plethora of shopping and entertainment options, and a prestigious JW Marriott Hotel.
What is the average property price increase witnessed in key areas of Mumbai?
The average property price increases range from 13% to 27% in key areas of Mumbai.
Who are some other Bollywood personalities with impressive property portfolios in Mumbai?
Some other Bollywood personalities with impressive property portfolios in Mumbai include Amitabh Bachchan, Shah Rukh Khan, Akshay Kumar, and Aishwarya Rai Bachchan.
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