Abhishek Bachchan buys six flats in Mumbai's suburb

19 Jun 2024 CW Team

Bollywood star Abhishek Bachchan paid a subsidiary of real estate developer Oberoi Realty Rs 0.15 billion for six flats in a posh residential development in the Borivali neighbourhood of Mumbai. At a cost of Rs 31,498 per square foot, Bachchan purchased these 4,894-square-foot flats on the 57th floor of the opulent Oberoi Sky City building from the company's affiliate, Incline Realty.

It's interesting to note that four of these flats have carpet areas of about 1,100 square feet apiece, while the other two are each scattered across 252 square feet. All of these transactions were completed on May 28 and registered on May 29. Documents retrieved via Zapkey.com were shown.

High-net-worth individuals still consistently choose real estate as their investment of choice. Celebrities in Bollywood are acquiring homes on a regular basis, not just for their own use but also as profitable investments. Aishwarya Rai, Akshay Kumar, Abhishek Bachchan, Shahrukh Khan, Amitabh Bachchan, and Shilpa Shetty are among the Bollywood actors, producers, and directors who have made real estate investments.

John Abraham, a Bollywood actor, director, and businessman, has paid more than Rs 0.7 billion for a home situated on a posh Linking Road in Mumbai's Khar neighbourhood. The bungalow spans over one-fifth of an acre.

There have also been several reports in the past few years on the high-end luxury residences that Janhvi Kapoor, Disha Patani, Alia Bhatt, Ranveer Singh, Hrithik Roshan, and Rani Mukherjee have bought.

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