Kangana Ranaut buys office property in Andheri, Mumbai

28 Aug 2024 CW Team

Bollywood actress and politician Kangana Ranaut has acquired an office property in Mumbai's western suburb of Andheri for over Rs 15.6 million. The property, located on the 19th floor of an under-construction commercial project, spans a carpet area of 407 sq ft. Ranaut purchased the property at a rate of Rs 38,391 per sq ft on a carpet area basis. She paid a stamp duty of over Rs 9.37 lakh for the registration of the deal, which was completed on August 23, according to documents accessed via realty data analytics firm Propstack.

Real estate remains a popular investment choice among high net-worth individuals, with Bollywood celebrities increasingly acquiring properties not only for personal use but also as a lucrative investment opportunity to enhance their wealth portfolios. Prominent figures from Bollywood, including actors, producers, and directors such as Amitabh Bachchan, Shah Rukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, have been actively investing in various real estate ventures, strategically diversifying their portfolios by acquiring properties in prime locations. Additionally, in recent quarters, celebrities like Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhatt, Disha Patani, and Janhvi Kapoor have also engaged in multiple high-profile transactions, particularly focusing on luxurious and upscale properties.

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