Sunil Shetty and Ahan Shetty’s INR 8 Crore Property Purchase in Mumbai: A Trend Among Bollywood Stars
Bollywood stars Sunil Shetty and his son Ahan Shetty have made a significant investment in Mumbai's property market by acquiring a 1,200-square-foot property in Khar West (Bandra) through a bank auction. This purchase is part of a broader trend of celebri
Mumbai PropertyBollywood InvestmentsReal EstateKhar WestBandraReal Estate MumbaiNov 06, 2024
The transaction was finalized earlier this month and involved a stamp duty fee of INR 40.08 lakh, along with a registration fee of INR 30,000, as indicated in the documents. Despite efforts to reach out for comments, Sunil Shetty did not provide any additional information.
Square Yards highlighted that a number of other notable celebrities, including Ranveer Singh, Deepika Padukone, KL Rahul, and Athiya Shetty, have also invested in Bandra, Mumbai, recently. This area is highly sought after due to its close proximity to the Bandra-Kurla Complex and the bustling commercial hubs of Worli and Andheri. The locality is highly desirable among high-profile homebuyers, thanks to its premium amenities, outstanding infrastructure, and excellent connectivity to key areas and the international airport.
Earlier this week, the Bollywood father-son duo Amitabh and Abhishek Bachchan also grabbed attention for acquiring ten apartments valued at INR 24.95 crore in Mumbai's Mulund area. The ten apartments were acquired in a project called Oberoi Eternia, developed by Oberoi Realty, as revealed in the property registration documents shared by Square Yards. Out of the ten apartments, eight feature a carpet area of 1,049 square feet each, while the remaining two units measure 912 square feet each. A stamp duty of INR 1.50 crore, along with registration fees of INR 3 lakh, was paid for the ten apartments, as indicated in the documents. All the apartments were registered earlier this month.
For decades, Mumbai's property market has drawn significant interest from the Bollywood fraternity, particularly in commercial real estate. A long list of celebrity investors includes marquee names, as well as younger actors like Sara Ali Khan and Kartik Aaryan. Experts attribute this trend to the high rental yields in commercial properties and the capital appreciation of residential real estate in the financial capital.
The recent property acquisitions by Bollywood figures, including Sunil and Ahan Shetty's purchase in Khar West and Amitabh and Abhishek Bachchan's investment in Mulund, underscore the ongoing appeal of Mumbai's real estate market. This trend highlights the locality's desirability, driven by excellent amenities, infrastructure, and connectivity. With a growing roster of celebrity investors, including rising stars like Sara Ali Khan and Kartik Aaryan, the market is not only thriving but also indicative of broader trends in commercial and residential real estate, making it a focal point for high-profile investments.
Frequently Asked Questions
How much did Sunil Shetty and Ahan Shetty pay for their property in Khar West?
Sunil Shetty and Ahan Shetty paid INR 8.01 crore for their 1,200-square-foot property in Khar West, Bandra, through a bank auction.
What other celebrities have recently invested in Bandra, Mumbai?
Other notable celebrities who have recently invested in Bandra, Mumbai, include Ranveer Singh, Deepika Padukone, KL Rahul, and Athiya Shetty.
Why is the Khar West area in Bandra so desirable for high-profile homebuyers?
The Khar West area in Bandra is highly desirable for high-profile homebuyers due to its premium amenities, outstanding infrastructure, and excellent connectivity to key areas and the international airport.
What recent property acquisition did Amitabh and Abhishek Bachchan make in Mumbai?
Amitabh and Abhishek Bachchan recently acquired ten apartments valued at INR 24.95 crore in Mumbai's Mulund area, in a project called Oberoi Eternia.
What are the main reasons for the high interest from Bollywood stars in Mumbai's property market?
The main reasons for the high interest from Bollywood stars in Mumbai's property market include high rental yields in commercial properties and the capital appreciation of residential real estate in the financial capital.
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