Growing trend among B’wood celebs in real estate investment
Growing trend among B’wood celebs in real estate investment
There is a growing trend in real estate investment among Bollywood celebrities with most investing in real estate and hold real estate portfolios.
Why they invest in real estate and hold real estate portfolios?
It may be noted that a success of a Bollywood star depends on the number of films bagged and the wealth accumulated.
Apart gold which has always been the focus, real estate investment has become a growing trend among most of the Bollywood celebrities.
Infact, the steady returns on Investment and portfolio diversification have made real estate popular among actors. While earlier only the well-known stars preferred realty investments, of late many new generation actors have also been making the headlines for their property acquisitions
to cite Amitabh Bachchan, Abhishek Bachchan, Aishwarya Rai Bachchan, Akshay Kumar, Deepika Padukone and Ranveer Singh, Ajay Devgn, Rakesh Roshan, Hrithik Roshan, Priyanka Chopra, Madhuri Dixit, Janhvi Kapoor Rajkummar Rao to name a few.
Now the recent celebrity to invest in real estate is Kajol Devgn. The actor has acquired a luxury Juhu apartment for
A whopping Rs 16.5 crore.
Notably, the apartment has a carpet area of 2,493 square feet and comes with four car parking slots.The sale deed was registered on April 13, 2023, and the seller is Bharat Realty Ventures Pvt Ltd.
The apartment is located in the Juhu Acropolis building in Vile Parle West, Mumbai.
Moreover, Bollywood celebrities invest in real estate to earn high returns and build an enviable portfolio. The trend has picked up the pace more so in the last few years, and now not only the established stars but even the young actors find real estate an ideal investment bet. 99acres taps into the growing trend of real estate investment among Bollywood celebrities.
Moreover Celebrities have mass appeal, and their association with a segment enhances its credibility and sales. Hence, the growing trend of real estate investment among Bollywood celebrities has boded well for the sector, particularly in Mumbai. The city has witnessed close to 20 percent growth in property registrations YoY in August 2022. Over 8,000 property sale registrations have been recorded in the city, contributing to the State’s revenue by over Rs 6.20 crore.
Akshay Kumar, Shah Rukh Khan and Suniel Shetty, the famous Bollywood actors, are revered as the most vigilant property investors in the industry. These actors not only hold multi-billion properties in India but also offshores. However, celebrities have their team of advisors who assist them in making decisions. It is especially relevant for real estate, which is arguably the most expensive asset for consumers.
News input KV Raman
