Real Estate in Mumbai

Despite stagnancy in the real estate sector, bollywood stars continue to invest in property as these are safer deals. Let us take a look at some extravagant celebrity real estate transactions which have taken place recently.

Actors Akshay Kumar and Aamir Khan purchased flats in Worli and Pali Hill respectively.  Property registration documents reveal that the Khiladi paid Rs 28 crore for a luxury apartment on the 39th floor of the impending Skylark Towers on the Annie Besant Road in Worli. Interestingly, Abhishek Bachchan had bought an apartment in the same project on the 37^th floor a year ago for Rs. 41.14 crore.

While Bachchan’s deal was at the rate of Rs 1.06 lakh per sq ft, Akshay’s works out to Rs 72,000 per sq ft. The five-bedroom apartments having a carpet area of 3,875 sq ft include a family room, dining and living rooms, wet and dry kitchens and 20 feet terraces on all sides. The project is a joint venture between developers Vikas Oberoi and Sudhakar Shetty under their brand Oasis Realty.

In another starry transaction, Aamir Khan acquired his fifth flat for Rs 10.25 crore at the rate of Rs 67,000 a sq ft. The ground floor flat with carpet area of 1,518 sq ft is in Marina Apartments at Pali Hill. According to real estate market sources, Aamir has also been searching for a bungalow property for the past several years in the Bandra-Khar area with a budget of Rs 200 crore.