Why Bollywood celebs prefer renting apartments in Mumbai rather than buying them?
Why Bollywood celebs prefer renting apartments in Mumbai rather than buying them?
Most of the Bollywood Celebrities prefer to rent apartments rather buying.Eventually, it makes economic sense even as they maintain a lifestyle that is expected of them
As per a property broker, Bollywood celebrities need to maintain a certain type of lifestyle and hence prefer renting and shifting into newer apartments periodically.
The Mumbai real estate market is most expensive and some of the priciest homes are owned by Bollywood Celebs , but many upcoming actors prefer renting an apartment rather than purchasing on.
For celebs like Amitabh Bachchan and Shah Rukh Khan owning and staying in swanky seaside bungalows in micro markets like Juhu and Bandra, it is also a city where Madhuri Dixit at one point in time rented an apartment.
A more recent example is of tenant Mala Tiwari, mother of relative newbie actor Kartik Aryan, who rented a 3,681 sq ft apartment from Shahid Kapoor, also an actor, in January 2023. The apartment came for
Rs 7.5 lakh monthly rent and a security deposit of Rs 45 lakh for 36 months.
News input KV Raman
