Bollywood Stars Invest Millions on Expensive Real Estate in Mumbai
Bollywood stars are drawn to Mumbai because of its appeal as a top real estate destination. According to recent reports, a number of well-known actresses, like as Deepika Padukone, Tripti Dimri, and others, have made large investments totaling ₹80 crore in opulent homes throughout the city.
Why Investing in Mumbai?
For many years, Mumbai, often known as the “City of Dreams,” has drawn ambitious performers and filmmakers. Its thriving economy and expanding entertainment industry make it a desirable destination for real estate investments.
The following are the main causes of celebrity real estate investments in Mumbai:
Strategic Investment: Over the years, Mumbai real estate has steadily increased in value, especially in desirable areas like Bandra, Juhu, and Khar. For celebrities, purchasing real estate might be a wise financial move.
Lifestyle and Convenience: Celebrities who own opulent homes in Mumbai have easy access to the city’s retail malls, entertainment venues, and other facilities.
Tax Benefits: Investing in real estate frequently offers a number of tax advantages, which appeals to high net worth individuals.
An Inside Look at the Exotic Bollywood Real Estate Market
It is evident that these women are choosing luxurious homes in desirable areas, even though specifics of the properties they have bought are still unknown. These homes frequently have gorgeous architectural features, contemporary conveniences, and breath-taking metropolitan skyline views.
Mumbai’s status as a world-class luxury destination will likely be further cemented as more celebrities invest in the city’s real estate market as Bollywood continues to thrive.
Why Bollywood Stars Invest in Mumbai Real Estate?
According to real estate specialists, the majority of Bollywood celebrities, like Amitabh Bachchan and Aryan Khan, purchase real estate for emotional or Investment reasons.
Several Bollywood superstars have made headlines for buying residences in posh Mumbai neighborhoods. It is a well-known truth that movie stars prefer to hunt in certain buildings in Andheri and Worli neighborhoods including Bandra, Khar, and Lokhandwala. They buy in real estate for a variety of reasons, including investment, rental return, end-use, and even emotional acquisitions, where a house may be appreciated only because the actor feels nostalgic for it.
Most Bollywood celebrities invest in real estate either at the project launch phase or when the property is almost ready for occupancy, according to real estate experts. The main reasons for investing in real estate may be tax savings, portfolio diversification, or end-use.
(Source: Hindustan Times)
Some more Insights
➡️Known for its opulent homes owned by Bollywood celebrities, Bandra is a well-liked tourist destination in Mumbai. Property prices might reach ₹1 lakh per square foot with high demand. Aamir Khan, Deepika Padukone, and Sunil Shetty have all recently invested millions of dollars in Bandra real estate.
➡️Sunil Shetty is a Bollywood actor and businessman who just joined the list of Bollywood celebrities who have purchased Bandra real estate. Business Standard, citing Square Yards, stated that Sunil Shetty and his son had bought a house in Khar West, Mumbai, for ₹8.01 crore.
➡️Aamir Khan, who is known as Bollywood’s Mr. Perfectionist, just purchased a new home in Bandra, Mumbai. On June 25, 2024, the transfer document for the 1,027 square foot property was verified.
➡️This year, a Bollywood star who recently become a mother bought a home in Bandra. According to the Hindustan Times, cited Zapkey.com, Deepika’s company, KA Enterprises, paid ₹17.8 crore in September for an 1845 square foot apartment in Mumbai’s Bandra West neighborhood.
➡️In June of this year, Bollywood actress Tripti Dimri, who has demonstrated her abilities in films like “Qala,” bought a new home in Mumbai. According to Economic Times, citing IndexTap.com, the property has a built-up area of 2,194 square feet and a land area of around 2,226 square feet. According to reports, the sale agreement was formally registered on June 3, 2024. The transaction was completed with a ₹30,000 registration fee and a ₹70 lakh stamp duty.
(Source: Live Mint)
Conclusion :
In conclusion, Bollywood superstars are drawn to Mumbai’s real estate market. Mumbai, which is supported by a robust economy and a flourishing film industry, provides both a place to start a career and a profitable real estate market.
Bollywood celebrities are swarming to Mumbai’s opulent real estate, whether for personal usage, financial gain, or tax benefits, enhancing the city’s standing as a top location for entertainment and upscale living. As Mumbai’s real estate market and Bollywood’s prosperity coexist, we may anticipate that this tendency will continue.
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