Bachchans, Janhvi lead Bollywood's real estate deals in Mumbai
Subscribe to enjoy similar stories. Mumbai: The love affair of actors and real estate continues to keep the bill counters busy. According to data from integrated real estate marketplace Square Yards, superstar Amitabh Bachchan and his son Abhishek forked out nearly ₹194 crore to stock up 180,000 sq.
ft of residential and commercial spaces in Mumbai from 2020 till September 2024. So much so that the Bachchans bought more than double the combined area bought by the next top four celebrities, with their total purchases accounting for a third of the total number of celebrity real estate transactions since 2020, according to Square Yards. Closely following the Bachchan family was actor Janhvi Kapoor, who paid approximately ₹170 crore, but for a more ‘modest’ 18,550 sq.
ft. Celebs couples like Ajay Devgn and Kajol, and Ranveer Singh and Deepika Padukone also joined the bandwagon, investing more than ₹100 crore on prime properties all over Mumbai. Square Yards’ data is on the basis of properties registered with the Maharashtra government’s department of registration and stamps.
What’s drawing the stars to realty? “Our insights indicated that while celebrities are diversifying their portfolios across asset classes, residential properties have emerged as the clear favourite," Kanika Gupta Shori, founder and COO, Square Yards, said. “Areas like Oshiwara, Bandra, and Juhu have seen the most activity, making up nearly three-quarters of these deals." Sharan Babani, director of development and sales and acquisitions at Satguru Builders, said that celebrities and A-listers have always gravitated towards areas like Bandra and Juhu. “The entire industry is centred between Bandra and Oshiwara, so naturally, they tend to stay around here.
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