Bollywood icon Amitabh Bachchan has ventured into the luxury real estate market with a new project in Alibaug, near Mumbai. Acquiring a 10,000 sq. ft. plot from The House of Abhinandan Lodha (HoABL) for over INR 10 crore, Bachchan aims to build a lavish villa overlooking Alibaug's scenic beaches. This isn't his first real estate deal with HoABL; in January 2024, he acquired a plot in The Sarayu, a 7-star mixed-use development in Ayodhya, valued at INR 14.5 crore. Bachchan's interest in real estate extends to commercial properties as well; he leased four units in Mumbai's Oshiwara area to Warner Music India Limited, generating an annual rent of INR 2.07 crore. With Alibaug emerging as a hotspot for celebrity investments, Bachchan's move reflects a broader trend of high-profile individuals seeking lucrative opportunities in luxury real estate.
Bollywood icon Amitabh Bachchan is making waves with his latest real estate venture in the picturesque coastal town of Alibaug, near Mumbai. The actor has acquired a 10,000 sq. ft. plot from The House of Abhinandan Lodha (HoABL) for over INR 10 crore, aiming to build a lavish villa overlooking Alibaug's scenic beaches.
This is not the first time Amitabh Bachchan has made a deal with The House of Abhinandan Lodha (HoABL). In January 2024, Amitabh Bachchan acquired a plot in The Sarayu, a distinguished 7-star mixed-use development situated in Ayodhya by The House of Abhinandan Lodha (HoABL). This acquired plot spans approximately 10,000 square feet and is valued at 14.5 crore.
In a parallel real estate move, Bachchan leased four commercial units in Mumbai's Oshiwara area to Warner Music India Limited, generating an annual rent of INR 2.07 crore in January 2024. This five-year lease, commencing in March 2024, is expected to yield revenue exceeding INR 11 crore for the entire tenure. Bachchan had initially acquired these units in August 2023 for a total of INR 29 crore, demonstrating a keen interest in commercial real estate.
This purchase adds to Bachchan's impressive property portfolio, which includes notable residences like Jalsa, Prateeksha, and Janak in Mumbai's upscale Juhu area. Additionally, Bachchan has showcased his generosity by gifting his Juhu bungalow, "Prateeksha," divided into two plots totaling 16,840 sq ft, to his daughter Shweta Nanda. The transfer was formalised through two gift deeds on November 8th, involving a stamp duty payment of INR 50.65 lakh.
Beyond Bollywood, Alibaug has become a hotspot for high-profile investments, attracting industrialists, corporate leaders, and sports personalities. Actress Suhana Khan, daughter of Shahrukh Khan, is among the latest to join the trend. The transaction, which totalled more than INR 10 crore including stamp duty expenses, is her second major investment in the area within just 8 months.
Bachchan's move reflects a broader trend of wealthy individuals seeking lucrative opportunities in luxury real estate. With Alibaug's proximity to Mumbai and ongoing infrastructure projects enhancing connectivity, the town has become a magnet for celebrity investments.
Other notable personalities like Bollywood stars Deepika Padukone and Ranveer Singh discovered a beautiful bungalow for themselves in Alibaug in 2021. According to the registration record, the property is spread across 2.25 acres and has a built-up space of approximately 18,000 square feet. The 5 BHK home has two floors: ground and first. According to accounts, it is located in the Satirje neighbourhood, around ten minutes from Kihim Beach. Juhi Chawla also bought a land parcel for INR 1.89 crore in 2021 end, The property spread across .3060 hectares (0.75 acres) is located in Mapgaun. A stamp duty of INR 11.34 lakh was paid by her.
Cricketers Virat Kholi, Sachin Tendulkar, and Rohit Sharma have also invested in Alibaug's real estate market. The combined investment by Bollywood celebrities alone exceeds INR 50 crore in the past year.
Alibaug's property market has seen a significant surge in prices, fuelled by celebrity interest and infrastructure developments. Initiatives such as the Virar-Alibaug Multimodal Corridor and the roll-on-roll-off (RORO) service from Mumbai are set to further reduce travel time, making Alibaug even more attractive to investors and homebuyers alike.
India's luxury real estate sector, driven by high-net-worth individuals and NRIs, continues to flourish post-pandemic. The demand for upscale properties remains strong, fuelled by lifestyle choices and long-term investment prospects.
Bachchan's latest venture highlights Alibaug's allure, offering both leisure and profitability in luxury real estate. With ongoing developments and improved connectivity, the stage is set for continued growth and investment in this increasing market.
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