Amitabh Bachchan buys more office properties in Mumbai’s Andheri suburb

June 25, 2024

Bollywood actor Amitabh Bachchan has purchased three more office properties spread across three floors in a commercial project in Oshiwara locality of Mumbai’s western suburb Andheri for nearly Rs 60 crore.

The actor already owns four offices totalling over 12,000 sq ft built up and 10,800 sq ft carpet area in the same commercial tower. ET had reported in September that these offices spanning an entire floor were bought and leased to music entertainment company Warner Music India through a long-term agreement for a total tenure of five years.

The new office space spread over 8,429 sq ft carpet area is on the 27th, 28th, and 29th floor of the ready to move commercial tower. As part of the deal, the buyer will also get exclusive access to three car parking slots in the building.

Bachchan has paid stamp duty of over Rs 3.57 crore for the registration of the deal that took place on June 20, showed the documents accessed through, market-place for commercial properties.

The veteran actor recently acquired a land parcel from the House of Abhinandan Lodha (HoABL) in Alibaug near Mumbai to build a luxury villa in the beach town known for sea view properties of rich and famous personalities. In January, he had purchased another land parcel in a 7-star mixed-use development of the developer to construct a house near the Shri Ram Janmabhoomi Temple in Ayodhya.

The Bachchan family owns several properties in Mumbai. Recently Amitabh Bachchan and his wife Jaya Bachchan gifted their lavish bungalow, Prateeksha, in plush Juhu locality of Mumbai to their daughter Shweta Nanda. The transfer of ownership was formalized through two distinct gift deeds, each corresponding to a specific plot on which the bungalow stands.

Recently, Abhishek Bachchan bought six apartments in a premium residential project in Mumbai’s Borivali suburb totalling Rs 15.42 crores. Interestingly, two of these apartments are spread over 252 sq ft each, while the remaining four have around 1,100 sq ft carpet area each.

ET’s email query to Bachchan’s team remained unanswered until the time of going to press.

Real estate continues to stand out as a top choice for investments among high-net-worth individuals. Bollywood figures are actively acquiring properties, not just for personal use, but also as lucrative investment ventures.

Actors Kartik Aryan and separately Sara Ali Khan along with her mother Amrita Singh have also acquired properties in the same commercial tower in Oshiwara. Interestingly, actors Ajay Devgan and Kajol too have bought offices in this project earlier.

Several Bollywood actors, producers and directors including Amitabh Bachchan himself, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai have invested in properties.

Many deals of high-end luxury properties acquired by Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhat, Disha Patani, and Janhvi Kapoor have also been reported in the last few quarters.

  • Published On Jun 25, 2024 at 06:00 PM IST

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