In Bollywood’s elite, Aamir Khan stands as a paragon of cinematic brilliance and astute financial acumen. His recent acquisition of a luxurious apartment in Mumbai’s prestigious Pali Hill neighbourhood for a staggering ₹9.75 crore underscores his penchant for high-value real estate investments. This purchase in the upscale Bella Vista Apartments expands Khan’s already impressive property portfolio within the same building where he owns nine other units. Spanning approximately 1,027 square feet of carpet area, this new addition epitomises opulence and strategic investment, aligning with the insights the Square Yards Data Intelligence Report provided.
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Transaction Details
The transaction, finalised on June 25, involved a significant stamp duty of ₹58.5 lakh and a registration fee of ₹30,000, highlighting the substantial financial commitments associated with elite real estate acquisitions in Mumbai. The Govt Registration Price of Aamir Khan’s Flat reflects this property’s high valuation and prime location. This move is not merely an expansion of Khan’s residential holdings but also a calculated step in anticipation of the upcoming redevelopment of Bella Vista Apartments. The redevelopment project, managed by Man Infraconstruction Ltd (MICL), promises to transform the existing structure into an ultra-luxury residential complex, with the new apartments projected to command prices ranging from ₹80,000 to ₹1,25,000 per square foot.
Background and Investment History
This acquisition is set against Aamir Khan’s Real Estate Property Transaction history, which includes a 5,000-square-foot sea-facing home in Bandra and a ₹7 crore farmhouse in Panchgani. Moreover, his properties in Pali Hill, currently under redevelopment, will significantly enhance their market value and living spaces, offering increased areas by 55-60%. Such strategic investments underscore Aamir Khan’s foresight in real estate, aligning with broader trends of high-net-worth individuals investing in premium properties within Mumbai’s most coveted locales. The Aamir Khan New Flat Transactional History indicates a keen understanding of market dynamics and a robust portfolio strategy.
Location and Configuration
Bella Vista Apartments, situated in the prestigious Pali Hill area of Bandra West, Mumbai, represent a prime example of luxury living in one of the city’s most sought-after neighbourhoods. This market research aims to provide an in-depth analysis of Bella Vista Pali Hill Apartments, incorporating insights from various sources and highlighting key factors that make this property a standout in the real estate market.
Bella Vista Apartments are strategically located in the upscale Pali Hill locality, known for its serene environment and proximity to essential amenities. The building offers spacious and well-ventilated apartments with configurations typically including 2 BHK units. These apartments are designed to provide ample natural light and scenic views, catering to the preferences of high-net-worth individuals seeking both privacy and luxury.
Key Characteristics of Pali Hill’s Real Estate Market
Pali Hill’s reputation as a premium residential enclave makes it one of Mumbai’s most desirable addresses. Its central location in Bandra West offers easy access to key commercial areas, upscale shopping destinations, and gourmet dining options.
The real estate market in Pali Hill is witnessing a wave of redevelopment projects. Older buildings are being replaced with modern, ultra-luxury residences that cater to contemporary tastes and preferences. These redevelopment projects promise significant returns on investment, with new apartments expected to fetch between ₹80,000 and ₹1,25,000 per square foot.
According to various real estate intelligence reports, Pali Hill continues to attract significant investment interest. The Square Yards Data Intelligence Report highlights the area’s robust market dynamics and potential for future growth. High-profile transactions, like the Aamir Khan Apartment Govt Registered Price reflect the strong demand and high valuation of properties in this locality.
Square Yards Featured In Media Houses
As also covered by some of the prominent media houses including Times of India, Mint, Money Control, and ABP Live.
Conclusion
Aamir Khan’s recent purchase of a luxurious apartment in Pali Hill, Mumbai, exemplifies the area’s exclusivity, luxury, and high investment potential. This ₹9.75 crore acquisition in Bella Vista Apartments underscores Pali Hill’s appeal to high-profile investors and celebrities. With ongoing redevelopment and rising property values, Pali Hill attracts those seeking opulence and promising returns. Consider consulting the Square Yards Data Intelligence Report by Square Yards for detailed insights and potential investment opportunities in Mumbai’s prime locations. Square Yards offers comprehensive real estate services for discerning buyers.
