Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Bollywood actor Kajol Devgan has purchased a 4,365 sq. ft. commercial retail space in Goregaon, Mumbai, for INR 28.78 crore, paying INR 65,940 per sq. ft. with INR 1.72 crore stamp duty and four car parking spaces. This reflects the growing trend of celebrities investing in commercial real estate for rental income and capital appreciation. Kajol previously bought an office space in Andheri for INR 7.64 crore, while Ajay Devgan acquired five office units (INR 45 crore) and a Juhu bungalow (INR 60 crore). Mumbai's commercial real estate in suburban hubs like Goregaon and Andheri are attracting high-profile investors due to rising business demand.
Bollywood actor Kajol Devgan has acquired a commercial retail space spanning 4,365 sq ft on the ground floor of a residential tower in Goregaon, a western suburb of Mumbai. The transaction, valued at over INR 28.78 crore, highlights the growing trend of high-net-worth individuals and celebrities investing in commercial real estate for stable rental income and long-term capital appreciation. Advertisement
According to documents accessed through IndexTap.com, the deal was registered earlier this week, with the commercial space priced at INR 65,940 per sq ft. Additionally, the purchase includes stamp duty charges of approximately INR 1.72 crore, and the agreement grants Kajol exclusive access to four designated car parking spaces.
Real estate remains a preferred investment avenue for high-net-worth individuals, with Bollywood celebrities actively acquiring properties for both personal use and investment purposes. Kajol has been expanding her real estate portfolio, having purchased an office space of nearly 2,100 sq ft in a commercial project in Mumbai's Andheri suburb in August last year for INR 7.64 crore.
Her husband, actor Ajay Devgan, has also been making significant investments in commercial properties. In April last year, he acquired five office units in the same building, collectively spanning 13,293 sq ft across two floors, for INR 45 crore. Apart from these commercial spaces, Ajay Devgan reportedly purchased a bungalow in Juhu for around INR 60 crore in 2022, further expanding his real estate holdings.
The trend of Bollywood celebrities investing in commercial spaces is gaining momentum. Other actors, such as Hrithik Roshan and Alia Bhatt, have also made notable investments in real estate. Hrithik Roshan leased a large office space in Andheri, while Alia Bhatt has purchased multiple properties for both commercial and residential purposes.
Mumbai's commercial real estate market has been witnessing steady growth, particularly in suburban areas like Goregaon and Andheri, where businesses are setting up offices and retail brands are expanding. This demand makes these locations attractive for investors looking for long-term capital gains and rental yields.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
