Estimated reading time: 6 minutes
When Bollywood icons make real estate moves, the market watches closely! This time, Amitabh Bachchan and his son Abhishek Bachchan have turned heads with their massive investment – ten luxury apartments in Mumbai’s Mulund West, worth ₹24.95 crore.
With properties in Oberoi Realty’s prestigious Eternia project, the Bachchan family is making waves in the property market with their game-changing choice. Why are these Bollywood legends spending big outside the popular western suburbs? Read on for the inside scoop on what could be Bollywood’s boldest real estate shift yet.
Why the Bachchans Are Betting Big on Mulund?
The Bachchan family’s choice of Mulund West, rather than the typical Juhu or Bandra, might seem surprising. Yet, Mulund West offers unique advantages for those who know the Mumbai market: this area provides accessibility to both central and western parts of the city, along with a quieter, upscale vibe that stands apart from the star-studded areas of Juhu and Bandra. The purchase hints at a shift among Bollywood elites looking for fresh investment opportunities that aren’t the typical hot spots.
With this acquisition, the Bachchans join a growing number of high-net-worth individuals recognizing the potential of Mulund West. The premium Oberoi Realty project Eternia is known for its luxury offerings, making it the perfect match for a family looking to grow its real estate portfolio with style and substance.
10 Apartments and a Luxury Layout
This isn’t your typical apartment buy. Abhishek Bachchan secured six of these units at a cost of ₹14.77 crore, while Amitabh bought four for ₹10.18 crore. In terms of floor space, these apartments total 10,216 square feet, with eight units measuring 1,049 square feet each and two units at 912 square feet. Each unit includes two parking spots, a prized addition in Mumbai’s packed real estate market, and the purchase racked up a ₹1.5 crore stamp duty fee.
The Bachchans’ choice to purchase ten apartments in one go reveals a savvy strategy, opening up potential for high-value resale or luxury rentals, given Mumbai’s soaring demand for premium housing.
Flipping & Airbnb Rentals: Could This Be the Bachchans’ Next Big Move?
While the Bachchans could hold on to these units as a family investment, there’s a strong chance these luxury properties will turn a profit through flipping or Airbnb rentals. Flipping, popular among luxury property owners, involves buying and updating a property for a higher resale. Given the upscale nature of the Eternia project, this could be an ideal setup for a flipping strategy, especially with the Bachchans’ reputation and resources.
Airbnb rentals are also becoming a goldmine for high-end property owners. By offering luxury units as short-term rentals, the Bachchans could cater to a wealthy clientele and earn a steady income stream, all while keeping the properties available for other uses. For fans and tourists alike, staying in a property associated with Bollywood icons would be irresistible — making this a lucrative option if the Bachchans decide to list their Mulund properties on Airbnb.
The Bachchan Family’s Expanding Real Estate Empire
The Bachchan family’s real estate portfolio has been steadily growing, with ₹219 crore worth of investments in Mumbai since 2020.
- Total Investments: Since 2020, the Bachchan family has invested approximately ₹219 crore in Mumbai properties.
- Mulund Purchase: Their recent acquisition in Mulund West adds to this growing portfolio, marking a shift toward emerging neighborhoods.
- Borivali Expansion: Earlier in 2024, Abhishek bought six apartments in Oberoi Sky City, Borivali, worth over ₹15 crore.
- Additional Units: Amitabh added two more luxury units in the same Borivali project for nearly ₹7 crore.
- Strategic Approach: The family is focused on properties with long-term growth potential, moving beyond traditional celebrity hotspots in Mumbai.
Bollywood’s New Real Estate Trend: The Rise of Mulund & Beyond
With Mumbai’s property prices climbing higher than ever, Bollywood elites are increasingly diversifying their investments. While many stars still stick to traditional neighborhoods, the Bachchans’ investment in Mulund signals a shift toward new locations that offer both convenience and exclusivity. The Mulund property market, with its easy access to central and western Mumbai, is quickly gaining traction among those who want a luxury lifestyle without the dense celebrity scene of Juhu or Bandra.
Other celebrities, like Shah Rukh Khan, Deepika Padukone, and Suhana Khan, have opted for homes in Alibaug or Juhu, maintaining ties to Bollywood’s preferred neighborhoods. But the Bachchans’ move to Mulund opens a new chapter, showing that prime investments can happen outside of the traditional zones.
The Future of Celebrity Real Estate: What the Bachchans’ Move Means
Amitabh and Abhishek Bachchan aren’t just Bollywood legends; they’re fast becoming power players in real estate. This ten-apartment buy, with its strategic location and potential for high ROI, sets a powerful precedent. Their bold move could pave the way for other high-profile individuals to explore lesser-known but highly valuable areas in Mumbai’s real estate market.
Will the Bachchans flip these properties, rent them out on Airbnb, or hold them as a long-term family asset? Only time will tell.
But one thing’s certain: their choice of Mulund over Juhu or Bandra has positioned them as trendsetters in Mumbai’s luxury real estate market.
Conclusion
With each new property purchase, the Bachchans are not only adding to their wealth but also redefining what it means to be a Bollywood icon. Their real estate strategy goes beyond simply owning luxury apartments; it reflects a vision for wealth-building and influence that could impact Mumbai’s real estate trends for years to come.
Whether they flip, rent, or hold, Amitabh and Abhishek Bachchan’s recent moves make one thing clear — they’re more than just celebrities; they’re moguls in the making.
Frequently Asked Questions
Amitabh Bachchan’s real estate holdings are estimated to exceed ₹200 crore, including properties across Mumbai, Gurgaon, Pune, and an international property in France
The Bachchan family owns five primary bungalows in Mumbai’s Juhu area, including famous properties like Jalsa, Prateeksha, and Janak. Additionally, they own multiple flats and a commercial building in the city
Amitabh Bachchan reportedly earns rental income from his smaller Juhu property Vatsa, leased to Citibank. Specific figures aren’t publicly available, but it contributes to his income along with other assets
Kriti Sanon reportedly rented Amitabh Bachchan’s duplex apartment in Andheri for a monthly rent of ₹10 lakh
HDFC Home Loan
SBI Home Loan
