Real estate consultant Square Yards confirms the purchase of properties in Mulund West, Mumbai
In a recent statement by Square Yards, a well-known real estate consultant, it has been confirmed that Bollywood actor Amitabh Bachchan and his son Abhishek Bachchan have acquired residential properties in Mumbai’s Mulund West locality. The total worth of these properties is estimated to be Rs 24.95 crore.
Mulund West: A prime location with strategic connectivity
Known for its strategic connectivity to both the central and western parts of Mumbai, Mulund West is considered a highly sought-after residential hub. Its convenient location makes it an ideal choice for many homebuyers, including celebrities like the Bachchan family.
The details of the property transaction
According to Square Yards, the newly purchased properties by the Bachchan family are located in Oberoi Realty’s premium residential project, Eternia. These ready-to-move-in apartments offer 3 BHK and 4 BHK configurations. The combined carpet area of the acquired properties is approximately 10,216 square feet.
The statement further reveals that a total of 10 apartments were purchased – 8 with a carpet area of 1,049 square feet each and 2 spanning 912 square feet per unit. To make this deal even more attractive, each transaction included the purchase of two car parking spaces.
The division of the acquired apartments
Out of the 10 purchased apartments, Abhishek Bachchan acquired 6 for a price of Rs 14.77 crore. On the other hand, Amitabh Bachchan bought the remaining 4 apartments. This indicates the family’s interest in acquiring multiple properties in this luxurious residential project.
Additional costs and stamp duty
Apart from the purchase price of the properties, there were additional costs involved. The deal incurred a total stamp duty of Rs 1.50 crore. However, considering the prime location and the luxurious nature of the Eternia project, these costs seem justified given the value and benefits offered.
Mumbai’s real estate market and celebrity investments
Mumbai has always been known for its vibrant real estate market, attracting investments from both national and international buyers. The Bachchan family joins a long list of Bollywood celebrities who have invested in properties in the financial capital of India. Their move showcases not only their interest in Prime real estate but also their confidence in the long-term growth potential of Mumbai’s real estate sector despite the ongoing economic impact of the pandemic.
As the Bachchan family’s property acquisitions make headlines, it once again highlights the dynamic nature of Mumbai’s real estate market, where premier residential projects like Eternia garner substantial attention and demand.
This news brief is based on the following original article: [“Amitabh and Abhishek Bachchan buy properties worth Rs 25 crore in Mumbai’s Mulund”](https://realty.economictimes.indiatimes.com/news/residential/amitabh-and-abhishek-bachchan-buy-properties-worth-rs-25-crore-in-mumbais-mulund/87482911), written by PTI.
