Javed Akhtar, the noted screenwriter and lyricist, continues his investment in Mumbai's upscale real estate market with a recent purchase of a INR 7.76 crore apartment in Juhu. This acquisition marks his second property in the prestigious Sagar Samrat Building, following a 2021 purchase nearby. Akhtar joins a flurry of high-profile transactions in Mumbai's luxury sector, reflecting the city's allure among Bollywood celebrities and affluent individuals. As Mumbai's luxury real estate market thrives with notable acquisitions, including properties owned by Aamir Khan and Amitabh Bachchan, experts foresee sustained growth driven by the city's vibrant entertainment industry and affluent clientele.
Noted screenwriter and lyricist Javed Akhtar recently joined the list of Bollywood personalities investing in Mumbai's luxury market. He purchased a ready-to-move-in apartment measuring approximately 1,199 square feet in Juhu, an upscale neighbourhood known for its affluent residents and celebrity homes. The property, located in the Sagar Samrat Building, cost INR 7.76 crore. Interestingly, this isn't Akhtar's first investment in Juhu's luxury market; in 2021, he purchased a neighbouring apartment of 1,218 square feet within the same cooperative housing society for INR 7 crore.
June 2024 saw Mumbai's luxury real estate market bustling with high-profile acquisitions. Notable transactions included Aamir Khan's purchase of a INR 9.75 crore apartment in Pali Hill, Amitabh Bachchan's acquisition of three office units in the Veer Savarkar Signature building for INR 60 crore, and Triptii Dimri's entry into the luxury segment with a INR 14 crore property in Bandra West. Adding to the flurry, Ranveer Singh reportedly sold two luxury flats in a Bandra tower for INR 15.24 crore, possibly reinvesting in new real estate ventures. These transactions highlight the activity and allure of Mumbai's prime real estate among Bollywood's elite.
These high-value transactions, ranging from INR 7.76 crore to INR 60 crore, highlight the growing demand for luxury properties in Mumbai. The city's thriving entertainment industry, combined with the increasing wealth of celebrities, is creating a strong market for premium real estate. Experts predict this trend is likely to continue, with Mumbai's luxury real estate market expected to see further growth in the coming years.
While Bollywood celebrities are grabbing headlines, it's important to remember that Mumbai's luxury real estate market caters to a diverse clientele. Successful entrepreneurs, business leaders, and high-net-worth individuals from various sectors are also contributing to the demand for high-end properties. Mumbai's status as a major financial and commercial centre, coupled with its cosmopolitan lifestyle, makes it an attractive location for those seeking luxurious living spaces. The city offers a variety of luxury properties, from spacious apartments in iconic buildings to sprawling villas in exclusive enclaves. This caters to a wide range of preferences and budgets within the luxury market.
Advertisement
Facebook
Whatsapp
