Bollywood actor Amitabh Bachchan has acquired three adjacent land parcels in Alibaug near the country's financial capital Mumbai to build a luxury villa in the beach town known for sea view properties of prominent personalities.
The land parcels measure a quarter of an acre for which the actor has paid nearly Rs 10 crore and the transaction was registered Tuesday.
The veteran actor has acquired the plots from HOABL Landbuild and paid stamp duty worth nearly Rs 40 lakhs in total for three separate deals, showed the documents accessed through realty data analytics firm CRE Matrix.
Prior to this, the Bachchan family had acquired another quarter of an acre plot in Ayodhya for Rs. 12.42 crore and had also acquired 1.25 acres of land for the Harivansh Rai Bachchan Memorial Trust in the temple town.
Real estate continues to stand out as a top choice for investments among high net-worth individuals. Bollywood figures are actively acquiring properties, not just for personal use but also as investment ventures.
Recently, Bollywood actor Kartik Aaryan also made his first land investment by purchasing a 2,000 sq ft plot in the same coastal development project in Alibaug. Prior to that, actor Kriti Sanon had also bought a similar size of land parcel here.
ET’s email queries to Amitabh Bachchan’s team and HoABL remained unanswered.
The Bachchan family has been steadily expanding its property portfolio with high-value acquisitions across residential and commercial segment in prime locations. Their recent deals reflect a mix of investments and legacy-driven initiatives, including land for the Harivansh Rai Bachchan Memorial Trust.
The family owns several properties including bungalows Jalsa, Prateeksha, and Janak in Mumbai’s plush Juhu locality. Of these, Bachchan and his wife gifted their lavish bungalow, Prateeksha, to their daughter Shweta Nanda recently.
Alibaug’s scenic charm and proximity to South Mumbai have made it a sought-after destination for property investment. Ongoing government efforts to boost connectivity through projects like the Mumbai Trans Harbour Link (MTHL), improved roads, transport upgrades and the Navi Mumbai international airport are driving real estate growth.
Better accessibility has spurred demand for luxury second homes, attracting developers and buyers alike. With rising property values and expanding infrastructure, Alibaug is rapidly evolving into a prime residential hub.
The land parcels measure a quarter of an acre for which the actor has paid nearly Rs 10 crore and the transaction was registered Tuesday.
The veteran actor has acquired the plots from HOABL Landbuild and paid stamp duty worth nearly Rs 40 lakhs in total for three separate deals, showed the documents accessed through realty data analytics firm CRE Matrix.
Prior to this, the Bachchan family had acquired another quarter of an acre plot in Ayodhya for Rs. 12.42 crore and had also acquired 1.25 acres of land for the Harivansh Rai Bachchan Memorial Trust in the temple town.
Real estate continues to stand out as a top choice for investments among high net-worth individuals. Bollywood figures are actively acquiring properties, not just for personal use but also as investment ventures.
Recently, Bollywood actor Kartik Aaryan also made his first land investment by purchasing a 2,000 sq ft plot in the same coastal development project in Alibaug. Prior to that, actor Kriti Sanon had also bought a similar size of land parcel here.
ET’s email queries to Amitabh Bachchan’s team and HoABL remained unanswered.
The Bachchan family has been steadily expanding its property portfolio with high-value acquisitions across residential and commercial segment in prime locations. Their recent deals reflect a mix of investments and legacy-driven initiatives, including land for the Harivansh Rai Bachchan Memorial Trust.
The family owns several properties including bungalows Jalsa, Prateeksha, and Janak in Mumbai’s plush Juhu locality. Of these, Bachchan and his wife gifted their lavish bungalow, Prateeksha, to their daughter Shweta Nanda recently.
Alibaug’s scenic charm and proximity to South Mumbai have made it a sought-after destination for property investment. Ongoing government efforts to boost connectivity through projects like the Mumbai Trans Harbour Link (MTHL), improved roads, transport upgrades and the Navi Mumbai international airport are driving real estate growth.
Better accessibility has spurred demand for luxury second homes, attracting developers and buyers alike. With rising property values and expanding infrastructure, Alibaug is rapidly evolving into a prime residential hub.
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