Bollywood superstar Amitabh Bachchan has recently purchased two apartments in a high-end residential project in Mumbai's Borivali suburb. This follows his son Abhishek Bachchan's acquisition of six apartments in the same building. The Bachchans' latest real estate investments highlight a growing trend among celebrities buying properties in Mumbai's suburbs.

Amitabh Bachchan's new 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.

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.

This seemingly unusual choice by Abhishek Bachchan aligns with a common practice in Mumbai's real estate market. Often, when developers purchase industrial land and convert it into residential use, they are required to construct a certain percentage of affordable housing units as part of the project. This is likely the reason why Oberoi Sky City offers a mix of small and large apartments, catering to a wider range of buyers. Abhishek Bachchan's purchase of these smaller units could be seen as a strategic investment in a growing market segment.

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.

The Bachchans' investments in Borivali reflect a broader trend of Bollywood celebrities considering suburban areas for their real estate investments. Improved infrastructure, better connectivity, and the availability of premium projects make suburbs like Borivali attractive. These areas offer modern amenities and spacious homes at relatively lower prices than central Mumbai. Additionally, the post-pandemic preference for larger homes with green spaces has fueled this shift.

Amitabh Bachchan's recent real estate moves, from Borivali to Alibaug and Ayodhya, showcase his strategic and diversified investment approach. These investments are not just about acquiring properties but also about securing and growing his wealth. The trend of Bollywood celebrities investing in suburban areas is likely to influence market dynamics, potentially leading to increased development and higher property values. As the real estate landscape evolves, these high-profile investments underscore the continued appeal and growth potential of Mumbai's real estate market.