Bollywood actor Amitabh Bachchan has bought two apartments in a premium residential project in Mumbai’s Borivali suburb where his son Abhishek Bachchan recently acquired six apartments.
The deal comes immediately after the veteran actor recently purchased three more office properties spread across three floors in a commercial project in Oshiwara locality of Mumbai’s western suburb of Andheri.
Bachchan purchased apartments in Borivali worth nearly Rs 7 crores from Incline Realty, a subsidiary of Oberoi Realty. These apartments spread over 2,188 sq ft are located on the 57th floor of the tower, the same floor where his son Abhishek’s apartments are situated.
Bachchan paid stamp duty of Rs 40.72 lakh for the registration of both the deals that took place on May 29, showed the documents accessed through Zapkey.com
These deals involving the Bachchan family have created a buzz in the property market as most transactions involving celebrities were so far used to be concluded in South, Central Mumbai and prime localities such as Bandra, Khar and Juhu.
Real estate continues to be a top investment choice for high net-worth individuals. Bollywood celebrities have been actively acquiring properties, recognizing the value of these assets not just for personal use but also as an attractive investment opportunity that can contribute to their growing wealth portfolios.
Several prominent personalities from Bollywood, including actors, producers, and directors such as Amitabh Bachchan, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, have actively invested in various real estate ventures.
These industry stalwarts have been strategically diversifying their portfolios by acquiring properties across prime locations.
Additionally, in recent quarters, notable celebrities like Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhatt, Disha Patani, and Janhvi Kapoor have also been involved in multiple high-profile transactions, focusing particularly on luxurious and upscale properties.