Amitabh Bachchan buys more office properties in Mumbai Andheri suburb
Bollywood legend Amitabh Bachchan expands his Mumbai property portfolio with the purchase of three office spaces in Oshiwara for Rs 60 crore. This acquisition adds to his existing commercial holdings, with a focus on real estate investments alongs...
The actor already owns four offices totalling over 12,000 sq ft built up and 10,800 sq ft carpet area in the same commercial tower. ET had reported in September that these offices spanning an entire floor were bought and leased to music entertainment company Warner Music India through a long-term agreement for a total tenure of five years.
The new office space spread over 8,429 sq ft carpet area is on the 27th, 28th, and 29th floor of the ready to move commercial tower. As part of the deal, the buyer will also get exclusive access to three car parking slots in the building.
Bachchan has paid stamp duty of over Rs 3.57 crore for the registration of the deal that took place on June 20, showed the documents accessed through FloorTap.com, market-place for commercial properties.
The veteran actor recently acquired a land parcel from the House of Abhinandan Lodha (HoABL) in Alibaug near Mumbai to build a luxury villa in the beach town known for sea view properties of rich and famous personalities. In January, he had purchased another land parcel in a 7-star mixed-use development of the developer to construct a house near the Shri Ram Janmabhoomi Temple in Ayodhya.
The Bachchan family owns several properties in Mumbai. Recently Amitabh Bachchan and his wife Jaya Bachchan gifted their lavish bungalow, Prateeksha, in plush Juhu locality of Mumbai to their daughter Shweta Nanda. The transfer of ownership was formalized through two distinct gift deeds, each corresponding to a specific plot on which the bungalow stands.
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Recently, Abhishek Bachchan bought six apartments in a premium residential project in Mumbai’s Borivali suburb totalling Rs 15.42 crores. Interestingly, two of these apartments are spread over 252 sq ft each, while the remaining four have around 1,100 sq ft carpet area each.
ET’s email query to Bachchan’s team remained unanswered until the time of going to press.
Real estate continues to stand out as a top choice for investments among high-net-worth individuals. Bollywood figures are actively acquiring properties, not just for personal use, but also as lucrative investment ventures.
Actors Kartik Aryan and separately Sara Ali Khan along with her mother Amrita Singh have also acquired properties in the same commercial tower in Oshiwara. Interestingly, actors Ajay Devgan and Kajol too have bought offices in this project earlier.
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Several Bollywood actors, producers and directors including Amitabh Bachchan himself, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai have invested in properties.
India's most expensive real estate: The top 10 elite neighborhoods
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If you're living on a budget of Rs 2 lakh a month, you can live comfortably almost anywhere in India – except on Mumbai’s Altamount Road, where a single square foot costs Rs 1,95,503. Home to billionaire Mukesh Ambani's famous 'Antilia' mansion, Altamount Road epitomizes luxury and exclusivity. This elite area, along with nine others in Mumbai and Delhi, represents the pinnacle of real estate in India, as per an analysis by TOI and Liases Foras.
If you're living on a budget of Rs 2 lakh a month, you can live comfortably almost anywhere in India – except on Mumbai’s Altamount Road, where a single square foot costs Rs 1,95,503. Home to billion..
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Prominent Residents: Mukesh and Nita Ambani, Kumar Mangalam Birla
Price per Sq-Ft: Rs 1,95,503 Known as India’s ‘Billionaires Row,’ Altamount Road offers a blend of historical prestige and modern luxury, attracting the world's elite.
Prominent Residents: Mukesh and Nita Ambani, Kumar Mangalam BirlaPrice per Sq-Ft: Rs 1,95,503Known as India’s ‘Billionaires Row,’ Altamount Road offers a blend of historical prestige and modern luxur..
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Prominent Residents: Virat Kohli, Shahid Kapoor
Price per Sq-Ft: Rs 1,72,210 With landmarks like Mahalakshmi Race Course and the Nehru Planetarium, Worli combines cultural significance with modern convenience.
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Overlooking the Arabian Sea and home to the Shree Siddhivinayak Temple, Prabhadevi’s waterfront real estate is highly sought after.
Prominent Residents: Deepika Padukone and Ranveer SinghPrice per Sq-Ft: Rs 1,68,352 Overlooking the Arabian Sea and home to the Shree Siddhivinayak Temple, Prabhadevi’s waterfront real estate is high..
Price per Sq-Ft: Rs 1,55,087 This area features the iconic Worli Sea Link and picturesque waterfront views.
Prominent Residents: Isha Ambani, Anand Piramal, Riteish DeshmukhPrice per Sq-Ft: Rs 1,55,087This area features the iconic Worli Sea Link and picturesque waterfront views.
Prominent Residents: Sajjan Jindal, Anand Mahindra, Adi Godrej
Price per Sq-Ft: Rs 1,48,882 Encompassing Malabar Hill, this region is known for opulent residences and stunning views of the Arabian Sea.
Prominent Residents: Sajjan Jindal, Anand Mahindra, Adi GodrejPrice per Sq-Ft: Rs 1,48,882Encompassing Malabar Hill, this region is known for opulent residences and stunning views of the Arabian Sea.
Prominent Residents: Shah Rukh Khan, Salman Khan, Aamir Khan, John Abraham
Price per Sq-Ft: Rs 1,46,198 Once a fishing village, Pali Hill is now a wealthy neighborhood with attractions like Bandra Bandstand and Carter Road promenades.
Prominent Residents: Shah Rukh Khan, Salman Khan, Aamir Khan, John AbrahamPrice per Sq-Ft: Rs 1,46,198Once a fishing village, Pali Hill is now a wealthy neighborhood with attractions like Bandra Band..
Price per Sq-Ft: Rs 1,39,784 Known for its serene beaches and celebrity homes, Juhu is a vibrant suburban area.
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Prominent Residents: Nandas of Escorts Group
Price per Sq-Ft: Rs 1,33,333 Close to significant attractions and government buildings, Jor Bagh is synonymous with affluence.
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Prominent Residents: Executives from Torrent Power
Price per Sq-Ft: Rs 1,27,407 Known for its embassies and proximity to landmarks like Nehru Park and the National Rail Museum, Chanakyapuri is a diplomatic and cultural hub.
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Many deals of high-end luxury properties acquired by Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhat, Disha Patani, and Janhvi Kapoor have also been reported in the last few quarters.