Sara Ali Khan Acquires Two Office Spaces in Mumbai's Andheri West for ₹22.26 Crore
Bollywood actress Sara Ali Khan and her mother Amrita Singh have purchased two commercial office spaces in Andheri West, Mumbai, for ₹22.26 crore. The units are located on the ninth floor of the Signature Building and offer a built-up area of 2,099 sq. ft
Sara Ali KhanCommercial Real EstateAndheri WestMumbaiProperty InvestmentReal Estate MumbaiOct 16, 2024
The commercial units are situated on the ninth floor of the Signature Building, located off the Veera Desai Road in Andheri West. Each unit has a built-up area of 2,099 sq. ft and a carpet area of 1,905 sq. ft. The agreement value for each unit is ₹11.13 crore, and the stamp duty paid is ₹66.8 lakh. The transaction was registered on October 10, 2024, and each unit comes with three car parking spaces.
This is not the first time the actress and her mother have invested in the Signature Building. In July last year, they purchased an office unit on the fourth floor of the same building for ₹9 crore. The previous deal also included three car parking spaces, and the stamp duty paid was ₹41.01 lakh. The seller of the property in this transaction was Aishwarya Property and Estates Pvt Ltd.
The Signature Building in Andheri West has been a hotspot for Bollywood investments. Last year, veteran actor Amitabh Bachchan purchased four units on the 21st floor of the same building. Each unit cost ₹7.18 crore, and the collective carpet area of the four units is 7,620 sq ft. The actor paid a stamp duty of ₹1.72 crore when the transaction was registered on September 1.
Another notable purchase in the area was made by actor Kartik Aryan, who bought a unit on the fourth floor of the commercial tower on September 4. The office space cost him ₹10.9 crore, and he paid a stamp duty of ₹47.55 lakh.
Bollywood actor and BJP MP, Kangana Ranaut, also made headlines with her property investment in Andheri. She purchased an office space for ₹1.56 crore, which spans 407 sq ft and is located on the 19th floor of the Arch One building. The per sq ft rate for the property was ₹38,391 sq ft.
The trend of Bollywood stars investing in commercial real estate in Mumbai is not new. Several prominent personalities, including Karishma Kapoor, Kareena Kapoor, Salman Khan, and Ajay Devgn, have made significant investments in the area. These properties are often seen as a lucrative investment due to the high rental yields and the potential for capital appreciation.
Andheri West, known for its bustling commercial activity and strategic location, continues to attract investors and celebrities alike. The area offers a mix of modern amenities and connectivity, making it an ideal choice for commercial investments. As the real estate market in Mumbai remains dynamic, it is expected that more high-profile investments will follow in the coming months.
Frequently Asked Questions
Where are the office spaces purchased by Sara Ali Khan and Amrita Singh located?
The office spaces are located on the ninth floor of the Signature Building in Andheri West, Mumbai.
How much did Sara Ali Khan and Amrita Singh pay for the office spaces?
They paid a total of ₹22.26 crore for the two office spaces.
What is the built-up area of each office space?
Each office space has a built-up area of 2,099 sq. ft and a carpet area of 1,905 sq. ft.
What other Bollywood stars have invested in the Signature Building?
Amitabh Bachchan and Kartik Aryan have also invested in the Signature Building, purchasing units on the 21st and fourth floors, respectively.
Why do Bollywood stars invest in commercial real estate in Mumbai?
Bollywood stars invest in commercial real estate in Mumbai due to the high rental yields and potential for capital appreciation. Andheri West, with its strategic location and amenities, is particularly attractive for such investments.
Related News Articles
Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base
Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year
No Reversal on Real Estate LTCG Tweaks: Government Stands Firm
Government sources have confirmed that there will be no reevaluation of the changes made to Long Term Capital Gains tax (LTCG) in the Union Budget, despite concerns over the removal of Indexation benefit on property sales.
Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties
EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.
Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore
In a strategic move, Godrej Group, through its real estate subsidiary Anamudi Real Estates, has acquired a significant plot of land in the bustling city of Mumbai for Rs 81 crore. This acquisition marks a major step in the company's expansion plans in one
Why Pattaya is the Next Big Thing for Indian Property Investors
A luxury sea-view condo in Pattaya costs as much as a mid-range apartment in Mumbai. Discover why Pattaya is quickly becoming a hot spot for Indian property investors, offering exceptional value and potential returns.
Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?
With reduced EMIs making home loans more affordable, Akshaya Tritiya could be the catalyst for a surge in real estate demand, especially in the luxury and high-end market segments.