Bollywood icons Amitabh Bachchan and Abhishek Bachchan have acquired residential properties in Mulund West, Mumbai, worth INR 24.95 crore. This purchase, confirmed by registration documents and reported by Square Yards, highlights the family's continued investment in prime real estate locations.

The new properties are situated in Oberoi Realty's affluent residential project, Eternia, which features upscale three-bedroom and four-bedroom apartments. The Bachchan family's latest acquisitions include a total of ten apartments, measuring a combined carpet area of 10,216 square feet. Of these, eight apartments measure 1,049 square feet each, while two smaller units each have a carpet area of 912 square feet. Each apartment also comes with two designated car parking spaces. Abhishek Bachchan secured six of these units for INR 14.77 crore, while Amitabh Bachchan completed the purchase of the remaining four.

This expansion into Mulund West is part of a broader trend of celebrity investments in real estate across Mumbai. Since 2020, the Bachchan family has been notable players in the real estate market, reportedly accounting for over 25% of celebrity transactions in the Mumbai Metropolitan Region. Their overall property acquisitions have reached approximately 0.19 million square feet, amounting to a staggering investment of INR 219 crores.

The year 2024 has been particularly strong for the Bachchans in terms of real estate investments, with reports indicating they have invested over INR 100 crores in various properties throughout the year. Their portfolio encompasses a mix of residential and commercial spaces, primarily located in Oshiwara and Magathane (Borivali East). This diversification is not just strategic; it positions the family to capitalize on the growth potential in Mumbai's evolving property market.

Mumbai's real estate sector has seen fluctuating trends, driven by factors such as demand for luxury housing, urbanization, and changing consumer preferences. Wealthy individuals and families, like the Bachchans, are increasingly looking toward high-end residences that offer comfort and convenience. The acquisition of properties in locations such as Mulund West signifies a shift toward areas that provide access to both urban amenities and a more tranquil living environment.

Recently, Amitabh Bachchanpurchased two apartments in a high-end residential project in Mumbai's Borivali suburb. This followed his son Abhishek Bachchan's acquisition of six apartments in the same building. Amitabh Bachchan's apartments are on the 57th floor of a tower developed by Incline Realty, a subsidiary of Oberoi Realty. He paid nearly INR 7 crore for the apartments, and the stamp duty for registration was INR 40.72 lakh. These deals took place on May 29, according to documents accessed through Zapkey.com.

Amitabh Bachchan's latest acquisition in Borivali is part of a larger investment strategy that includes high-profile properties across different locations. Recently, Bachchan bought a 10,000 sq. ft. plot in Alibaug from The House of Abhinandan Lodha (HoABL) for over INR 10 crore, with plans to build a luxury villa overlooking the scenic beaches. Earlier this year, in January, he acquired another 10,000 sq. ft. plot in The Sarayu, a distinguished 7-star mixed-use development in Ayodhya, for INR 14.5 crore. These investments highlight Bachchan's keen eye for prime real estate opportunities beyond Mumbai.

In addition to residential properties, Amitabh Bachchan has shown a strong interest in commercial real estate. In January 2024, he leased four commercial units in Mumbai's Oshiwara area to Warner Music India Limited. This lease, starting in March 2024, will generate an annual rent of INR 2.07 crore, amounting to over INR 11 crore over the five-year term. Bachchan had initially acquired these units in August 2023 for INR 29 crore, underlining his strategic investments in income-generating properties.

Amitabh Bachchan's real estate portfolio is not only diverse but also includes iconic properties. His residences in Mumbai, such as Jalsa, Prateeksha, and Janak, are well-known. Demonstrating his generosity and family values, Bachchan recently gifted his Juhu bungalow "Prateeksha" to his daughter Shweta Nanda. The property, divided into two plots totaling 16,840 sq. ft., was transferred through gift deeds on November 8th, involving a stamp duty payment of INR 50.65 lakh.

Interestingly, Abhishek Bachchan's recent purchase in the same building sheds light on another facet of this trend. He acquired six apartments totaling 4,894 sq ft, with two of them being compact units measuring just 252 sq ft each. These smaller apartments could be classified as studio apartments, also known as 1 RK (room kitchen) units.

As the Bachchan family continues to build their real estate empire, they lead by example in leveraging the dynamic aspects of the Mumbai property market. This growing portfolio not only enhances their financial standing but also reflects their faith in the long-term value of real estate investments. With the trends indicating a solid demand for upscale properties, the Bachchan family's investments may yield significant returns in the future, ensuring their legacy extends beyond the silver screen and into substantial investments.

This strategic approach to real estate will be closely watched, as many potential investors look to follow in the footsteps of the entertainment industry's top names. As urban areas evolve and more luxury projects emerge in the market, the ongoing story of Amitabh and Abhishek Bachchan's real estate journey will undoubtedly capture interest from fans and investors alike.