Bollywood icon Amitabh Bachchan and his son Abhishek Bachchan have expanded their real estate holdings with a property purchase worth ₹24.95 crore in Mumbai’s Mulund West, according to Square Yards. In 2024 alone, the family has invested over ₹100 crore, with properties in areas such as Oshiwara and Magathane (Borivali East), spanning both residential and commercial spaces.
This latest investment adds to their extensive property portfolio. Since 2020, the Bachchans have accounted for over 25% of celebrity real estate transactions in the Mumbai Metropolitan Region (MMR), amassing around 0.19 million sq. ft. of property worth ₹219 crore.
Known for its ease of connectivity to both central and western parts of the city, Mulund West is a prime residential area that offers a mix of modern amenities and natural surroundings, attracting affluent buyers and professionals. The Bachchans’ new acquisition is located in Oberoi Realty’s premium residential project, Eternia, which features ready-to-move-in 3 BHK and 4 BHK apartments.
The father-son duo's recent purchase includes 10 apartments within the project, with a total carpet area of 10,216 sq. ft. Eight of the units have a carpet area of 1,049 sq. ft. each, while two measure 912 sq. ft. per unit. Each property comes with two dedicated parking spaces, and the deal incurred a total stamp duty of ₹1.50 crore. Abhishek Bachchan bought six of the apartments for ₹14.77 crore, while Amitabh Bachchan acquired the remaining four.
In July, the Mumbai Metropolitan Region (MMR) reportedly experienced an unprecedented increase in the average value of registered home sales during the second quarter of 2024, as per Square Yards July report. Based on IGR data analysed by Square Yards, the average registered home sales value hit a record ₹94 lakh, marking a 10% year-on-year (YoY) growth, even though the total number of registered transactions in the area declined.
A total of 50,025 residential real estate transactions were recorded in the MMR during the June 2024 quarter, resulting in a registered sales value of ₹46,833 crore. Despite a 6% decrease in the overall registered sales value YoY in Q2 2024 (April-June), this decline coincided with a more significant 15% drop in the total number of registered transactions for the same period.
