Real Estate Mumbai
Sara Ali Khan and Amrita Singh Acquire Two Commercial Properties in Mumbai for Rs 22.26 Crore
By GeoSquare News Desk · Published 2024-10-17
Sara Ali Khan, a popular Bollywood actress, and her mother, Amrita Singh, have once again made headlines with their latest real estate investment. The duo has expanded their property portfolio by acquiring two commercial office units in Andheri West, Mumbai, for a combined total of Rs 22.26 crore. This significant acquisition marks another notable addition to their growing real estate holdings in the city.
According to official documents obtained by FloorTap.com, the properties were purchased on the ninth floor of the Signature Building, situated off Veera Desai Road in Andheri West. The two units were bought from Veer Savarkar Projects Private Limited. Each unit is priced at Rs 11.13 crore, making the total investment amount to Rs 22.26 crore. The transaction documents, registered on October 10, 2024, also show that the duo paid a stamp duty of Rs 66.8 lakh per unit.
Each office space boasts a built-up area of 2,099 square feet and a carpet area of 1,905 square feet, providing ample space for business operations. Additionally, each property comes with three designated parking spaces, a valuable feature in a city like Mumbai where parking is a significant challenge. The convenient location and well-equipped facilities make these properties highly attractive for commercial use.
This is not the first time Sara and Amrita have invested in the Signature Building. In July of the previous year, they purchased another office unit on the fourth floor of the same building. That transaction was valued at Rs 9 crore, with a stamp duty of Rs 41.01 lakh paid. The deal included three parking spaces and was sold by Aishwarya Property and Estates Pvt Ltd.
Real estate investment is a common trend among Bollywood stars, who often choose to invest in commercial properties across Mumbai to secure high rental yields and expand their personal real estate portfolios. Other notable figures from the industry, such as Karisma Kapoor, Kareena Kapoor, Salman Khan, Amitabh Bachchan, and Ajay Devgn, have also made similar moves in recent months, capitalizing on the lucrative opportunities in the commercial real estate market.
Apart from her real estate ventures, Sara Ali Khan remains active in her professional life. She was last seen in the historical drama 'Ae Watan Mere Watan,' where she received praise for her performance. Currently, she is preparing for the release of her next big project, 'Metro In Dino,' where she stars alongside Aditya Roy Kapur. Directed by the acclaimed Anurag Basu, 'Metro In Dino' is the much-anticipated sequel to the 2007 hit 'Life In A Metro.' The film is an anthology that features heartwarming stories of contemporary couples and includes an ensemble cast with Sara Ali Khan, Aditya Roy Kapur, Anupam Kher, Pankaj Tripathi, Neena Gupta, Fatima Sana Shaikh, Konkona Sensharma, Ali Fazal, and others in pivotal roles. Initially set for a September release, the film's release has been pushed to November 29, 2024, further building anticipation among fans.