Amitabh Bachchan buys two apartments in Borivali, Mumbai

01 Jul 2024 CW Team

Bollywood superstar Amitabh Bachchan has purchased two premium apartments in a residential project in Mumbai's Borivali suburb, where his son Abhishek Bachchan recently acquired six apartments. This acquisition follows the veteran actor?s recent purchase of three office properties across three floors in a commercial project in the Oshiwara locality of Mumbai?s Andheri.

Bachchan bought the Borivali apartments for nearly Rs 70 million from Incline Realty, a subsidiary of Oberoi Realty. These apartments, spanning 2,188 sq ft, are located on the 57th floor of the tower, the same floor as Abhishek?s apartments. The registration of these deals, which took place on May 29, incurred a stamp duty of Rs 4 million, according to Zapkey.com.

These transactions have generated significant buzz in the property market, as celebrity property deals are usually concentrated in South, Central Mumbai, and prime localities such as Bandra, Khar, and Juhu. The source?s email queries to Amitabh Bachchan and Oberoi Realty received no response. Real estate continues to be a favoured investment for high net-worth individuals. Bollywood celebrities recognise the value of these assets not only for personal use but also as lucrative investments that contribute to their wealth portfolios. Prominent figures like Amitabh Bachchan, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai have strategically diversified their portfolios by acquiring properties in prime locations.

In recent quarters, notable celebrities such as Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhatt, Disha Patani, and Janhvi Kapoor have been involved in multiple high-profile transactions, focusing on luxurious and upscale properties. (Source: ET)

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