Mumbai's Luxury Real Estate Developers Prefer HNIs Over Bollywood Stars
While Bollywood stars have been in the news for buying luxury apartments in Mumbai, many boutique real estate developers prefer selling their high-end properties to industrialists and high net worth individuals (HNIs) due to privacy concerns and market dy
Mumbai Real EstateLuxury ApartmentsHnisBollywood StarsBoutique DevelopersReal Estate NewsOct 10, 2024
According to developers of two boutique luxury real estate projects, HNIs often prioritize privacy and do not want their building to attract unwanted attention. \
Frequently Asked Questions
Why do some real estate developers in Mumbai prefer selling luxury apartments to HNIs over Bollywood stars?
Developers prefer HNIs because these buyers typically value privacy and do not want their building to attract unwanted attention from paparazzi and fans, which can disturb other residents.
Which areas in Mumbai are popular for boutique luxury projects?
Popular areas include Bandra, Khar, Lokhandwala, and Worli, where many Bollywood stars and HNIs reside.
How do the housing needs of industrialists differ from those of Bollywood stars?
Industrialists often have larger families and look for spacious units ranging from 8,000 to 16,000 square feet, while Bollywood stars usually have smaller housing needs and prefer smaller, high-end units in boutique projects.
What percentage of real estate transactions do residential properties make up for HNIs and celebrities?
Residential properties make up 62% of all real estate transactions for HNIs and celebrities, according to data from SquareYards.
Which Bollywood star has the highest real estate investment in Mumbai between 2020 and 2024?
Amitabh Bachchan has the highest real estate investment in Mumbai, with a total of ₹194 crore, according to data compiled by SquareYards.
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