Bollywood Icon Amitabh Bachchan's Property Empire Expands with Luxurious Borivali Apartments
July 5, 2024, 3:35 am
In a move that has set tongues wagging in the real estate world, Bollywood superstar Amitabh Bachchan has recently acquired two premium apartments in the bustling suburb of Borivali, Mumbai. This purchase comes hot on the heels of his son Abhishek Bachchan's acquisition of six apartments in the same area, showcasing the family's keen eye for lucrative property investments.
The two apartments, spanning a lavish 2,188 square feet each, were purchased for a hefty sum of nearly Rs 70 million from Incline Realty, a subsidiary of Oberoi Realty. Situated on the 57th floor of a prestigious tower, these apartments offer breathtaking views and luxurious living spaces that befit the stature of the Bachchan family.
The registration of these high-profile deals took place on May 29, with a stamp duty of Rs 4 million incurred, according to reports from Zapkey.com. Such transactions in the Borivali area have generated significant buzz, as celebrity property deals are typically concentrated in the more upscale neighborhoods of South and Central Mumbai, such as Bandra, Khar, and Juhu.
Amitabh Bachchan's foray into the real estate market is not a new phenomenon, as high net-worth individuals like him often view property investments as a secure and profitable asset class. Bollywood celebrities, in particular, have been known to diversify their portfolios by acquiring properties in prime locations, not only for personal use but also as a means to bolster their wealth portfolios.
The Bachchan family is not alone in their real estate ventures, as other prominent figures in the Indian film industry, including Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, have strategically invested in properties in sought-after locations. Recent quarters have seen a surge in celebrity transactions, with stars like Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhatt, Disha Patani, and Janhvi Kapoor making headlines for their high-profile property acquisitions.
In a separate development, Vedanta Aluminium, India's leading producer of aluminum, has been honored with the prestigious Kalinga Energy Excellence Award and Kalinga Environment Excellence Award for its alumina refinery unit in Lanjigarh, Kalahandi district. These accolades, presented by esteemed organizations such as the Institute of Quality and Environment Management and the Odisha State Pollution Control Board, underscore Vedanta's commitment to sustainability and environmental stewardship.
Meanwhile, the public sector non-banking financial company IREDA has reported a significant surge in its sanctioned loans, reaching a staggering Rs 91.36 billion during the April-June period of the fiscal year 2025. This growth is further highlighted by a notable increase of 67.61% in loan disbursements, totaling Rs 53.20 billion in the same period. With the total outstanding loan book standing at Rs 631.50 billion as of June 30, 2024, IREDA's financial prowess continues to make waves in the industry.
On the international front, India and Australia are poised to strengthen their cooperation in critical minerals and processing, with a focus on battery production and mineral extraction. Commerce Secretary Sunil Barthwal has revealed that both countries have signed an interim free trade agreement and are in talks to expand it into a comprehensive pact. This collaboration holds promise for the future integration of the Indian and Australian economies in key sectors such as battery production, mineral processing, and vehicle manufacturing.
In conclusion, Amitabh Bachchan's latest property acquisitions, coupled with Vedanta Aluminium's accolades, IREDA's financial success, and the burgeoning partnership between India and Australia, paint a dynamic picture of growth and opportunity in the real estate and industrial sectors. Bollywood's influence in the property market, combined with the achievements of leading companies and the prospect of international collaboration, signals a vibrant and evolving landscape in the realm of business and investment.
The two apartments, spanning a lavish 2,188 square feet each, were purchased for a hefty sum of nearly Rs 70 million from Incline Realty, a subsidiary of Oberoi Realty. Situated on the 57th floor of a prestigious tower, these apartments offer breathtaking views and luxurious living spaces that befit the stature of the Bachchan family.
The registration of these high-profile deals took place on May 29, with a stamp duty of Rs 4 million incurred, according to reports from Zapkey.com. Such transactions in the Borivali area have generated significant buzz, as celebrity property deals are typically concentrated in the more upscale neighborhoods of South and Central Mumbai, such as Bandra, Khar, and Juhu.
Amitabh Bachchan's foray into the real estate market is not a new phenomenon, as high net-worth individuals like him often view property investments as a secure and profitable asset class. Bollywood celebrities, in particular, have been known to diversify their portfolios by acquiring properties in prime locations, not only for personal use but also as a means to bolster their wealth portfolios.
The Bachchan family is not alone in their real estate ventures, as other prominent figures in the Indian film industry, including Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, have strategically invested in properties in sought-after locations. Recent quarters have seen a surge in celebrity transactions, with stars like Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhatt, Disha Patani, and Janhvi Kapoor making headlines for their high-profile property acquisitions.
In a separate development, Vedanta Aluminium, India's leading producer of aluminum, has been honored with the prestigious Kalinga Energy Excellence Award and Kalinga Environment Excellence Award for its alumina refinery unit in Lanjigarh, Kalahandi district. These accolades, presented by esteemed organizations such as the Institute of Quality and Environment Management and the Odisha State Pollution Control Board, underscore Vedanta's commitment to sustainability and environmental stewardship.
Meanwhile, the public sector non-banking financial company IREDA has reported a significant surge in its sanctioned loans, reaching a staggering Rs 91.36 billion during the April-June period of the fiscal year 2025. This growth is further highlighted by a notable increase of 67.61% in loan disbursements, totaling Rs 53.20 billion in the same period. With the total outstanding loan book standing at Rs 631.50 billion as of June 30, 2024, IREDA's financial prowess continues to make waves in the industry.
On the international front, India and Australia are poised to strengthen their cooperation in critical minerals and processing, with a focus on battery production and mineral extraction. Commerce Secretary Sunil Barthwal has revealed that both countries have signed an interim free trade agreement and are in talks to expand it into a comprehensive pact. This collaboration holds promise for the future integration of the Indian and Australian economies in key sectors such as battery production, mineral processing, and vehicle manufacturing.
In conclusion, Amitabh Bachchan's latest property acquisitions, coupled with Vedanta Aluminium's accolades, IREDA's financial success, and the burgeoning partnership between India and Australia, paint a dynamic picture of growth and opportunity in the real estate and industrial sectors. Bollywood's influence in the property market, combined with the achievements of leading companies and the prospect of international collaboration, signals a vibrant and evolving landscape in the realm of business and investment.