-
ALSO READ
DLF, Sobha: A good time to buy real estate and related stocks, say analysts
Prestige Estates, Century in talks to develop Rs 600-crore property
Blackstone in the final leg of talks to buy out Embassy Industrial Parks
Real estate has a healthy demand outlook, but some hiccups remain
Sales to sustain despite stamp duty reversal, say Mumbai realtors
-
Bollywood superstar Amitabh Bachchan has bought a 5,184-sq ft apartment in Mumbai's Andheri for Rs 31 crore, said a source in the know.
This makes the unit value of the property to be around Rs 59,788 per sq ft.
The apartment is in a project called Atlantis being developed by a local party, Crystal Group.
Business Standard has viewed a copy of the registration document. An email sent to the Actor's PR firm did not elicit any response till the time of going to the press.
Bachchan bought the property in December 2020 but registered it only in April 2021, sources said. He paid a stamp duty of Rs 62 lakh, which is two per cent of Rs 31 crore, taking advantage of Maharashtra government’s stamp duty waiver of 2 per cent until March 31, 2021.
The property comes with six car parks and is located on the twenty seventh and twenty eigth floor. Bachchan owns bungalows in Juhu area of Mumbai, where many other actors also have their homes.
Maharashtra Government has stamp duty last year wherein it was reduced to 2 per cent till December 31, 2020.and 3 per cent till March 31, 2021. Currently it stands at 5 per cent..
Other Bollywood actors including actor Sunny Leone and director Anand L. Rai have also bought apartments in this project. Leone purchased a 4,365 sq ft apartment in this project for Rs 16 crore. Rai bought a duplex apartment in this tower for over Rs 25 crore, reports said earlier.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU