Amitabh Bachchan and Abhishek Bachchan Purchase 10 Apartments in Mumbai
In a significant real estate move, Bollywood legends Amitabh Bachchan and his son Abhishek Bachchan have jointly purchased 10 luxury apartments in Mumbai’s Mulund West area. This strategic investment, part of Oberoi Realty’s premium residential project Eternia, is valued at approximately Rs 24.95 crore.
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The Investment Details
The Bachchans have acquired these apartments in a major real estate deal, with Abhishek purchasing six units for around Rs 14.77 crore and Amitabh buying the remaining four for about Rs 10.18 crore. Each apartment comes with two covered parking spaces, adding to the convenience and luxury of the property. The entire deal incurred a stamp duty of Rs 1.5 crore.
The Properties
The apartments are spread across two configurations: eight units each cover an area of 1,049 square feet, while the remaining two are slightly smaller, measuring 912 square feet each. The spacious and well-designed units offer modern amenities and luxurious living spaces, making them a valuable addition to the Bachchans’ real estate portfolio.
Strategic Location
Mulund West is a popular residential hub due to its strategic location, offering easy access to central and western Mumbai as well as Pune. This move marks a departure from the typical Bollywood preference for western suburbs like Juhu and Bandra, showcasing the Bachchans’ keen eye for value and potential growth in emerging areas. The location’s proximity to key business districts and entertainment hubs adds to its appeal, making it an attractive investment.
Impact on the Bachchan Family Portfolio
Since 2020, the Bachchan family has been actively investing in real estate, with their total property acquisitions in the Mumbai Metropolitan Region reaching approximately 0.19 million square feet and a total investment value of Rs 219 crore. This latest purchase is part of their ongoing strategy to diversify and expand their property holdings, reflecting their confidence in Mumbai’s real estate market.
Future Plans
With this substantial investment, Amitabh Bachchan, who is currently busy with the 16th edition of “Kaun Banega Crorepati” and several upcoming film projects, and Abhishek Bachchan, who has announced his next release “I Want To Talk” along with other projects, continue to strengthen their financial and real estate holdings. Their real estate strategy includes not just buying luxury apartments but also commercial properties, aiming for a balanced and diversified portfolio.
Luxury Living and Modern Amenities
The Eternia project by Oberoi Realty is known for its luxurious living spaces and state-of-the-art amenities. Residents can enjoy facilities such as a swimming pool, fitness center, landscaped gardens, children’s play area, and more. The project ensures a high standard of living with its premium construction quality and attention to detail in design. The Bachchan family’s choice to invest in such a high-end project reflects their preference for quality and luxury.
Financial Implications and Market Confidence
The Bachchan family’s continuous investment in real estate signifies their strong confidence in the market’s growth potential. Real estate analysts view this move as a smart investment, considering Mumbai’s ever-appreciating property values. The Bachchans’ investment strategy demonstrates a blend of securing prime properties while also reaping the benefits of long-term appreciation.
Community and Social Impact
The Bachchans’ investment in the Mulund West area is likely to positively impact the local community. Their involvement in high-profile projects can attract more attention and development to the area, potentially leading to better infrastructure and amenities for local residents. The family’s prominence in Bollywood and their business ventures often inspire others to invest and contribute to the region’s growth.
Conclusion
The Bachchan family’s latest real estate venture in Mulund West is a testament to their enduring legacy and savvy investment acumen. As they continue to grow their property portfolio, fans and industry observers alike eagerly await their next moves in both the entertainment and real estate sectors. This substantial investment not only strengthens their financial stability but also reflects their strategic vision for the future.
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