Abhishek Bachchan Joins Bollywood Biggies in Prime Real Estate Purchase

Amrit Jana
By Amrit Jana January 17, 2015 12:57

Abhishek Bachchan Joins Bollywood Biggies in Prime Real Estate Purchase

Following the footsteps of his Bollywood colleagues, Abhishek Bachchan has also ventured into investing big bucks in real estate. The actor husband of former Miss World Aishwarya Rai Bachchan has booked an upcoming apartment in Worli for a whopping Rs. 41.14 crore. This upcoming apartment is located on the 37th floor of the Skylark Towers in the prime Annie Beasant road area in Worli. The rate works out to be Rs. 1.06 lakhs per square feet and the flat area is 3,875 square feet.

Abhishek Bachchan Joins Bollywood Biggies in Prime Real Estate Purchase

The flat that Abhishek Bachchan has booked will comprise of five bedrooms that also includes a family room, living room, dining room and wet and dry kitchen area. The flat will also have 20 foot terraces on all sides. In fact, the Skylark Towers is among the few projects in Mumbai to get the sanction for unusually long terraces.

The Skylark Towers in Worli are built by Oasis Realty, which is a joint venture between dance bar owner turned realtor Sudhakar Shetty and developer Vikas Oberoi. The Skylark in Worli will have two wings, each of 67 floors. The stamp duty amount for Abhishek Bachchan’s new real estate purchase works out to be about Rs. 2.05 crore. There is also a separate club house membership fee of Rs. 25 lakhs that is mentioned in the sale agreement apart from development charges of Rs. 35 lakhs.

There are many other popular Bollywood actors who have invested huge in real estate properties. The heartthrob of millions Hrithik Roshan along with his dad Rakesh Roshan had invested Rs. 70 crore for development of a plot off Andheri Link Road, which will be used to build 26 storey high end residential building. Hrithik also has moved on to a 3,600 sq ft flat in Prime Beach in Juhu and is said to be paying a monthly rent of Rs. 65 lakhs for the flat.

Actor Shahid Kapoor has invested in a sprawling flat with garden in Pranita building on Juhu Tara Road for Rs. 30 crore. Actress Kareena Kapoor and her husband Saif Ali Khan have invested money in a Rs. 23.50 crore penthouse in Satguru Sharan Building in Khar. Bollywood’s serial kisser Emran Hashmi has also invested in a Rs. 15 crore apartment on Pali Hill.

Actors and people from the Bollywood film industry prefer to pay for sprawling properties in cheque these days and there is no cash component involved in their transactions. The preferred location of the Bollywood celebs for investing their money in real estate property stretches between Bandhra and Andheri.

Amrit Jana
By Amrit Jana January 17, 2015 12:57