Amitabh Bachchan buys land parcel in Alibaug to build luxury villa in beach town

Amitabh Bachchan, the renowned Bollywood actor, has recently purchased a land parcel in the coastal town of Alibaug, near Mumbai, with the intention of constructing a luxurious villa, according to sources with direct knowledge of the transaction. The beach town is well-known for its sea view properties owned by affluent and celebrated individuals.
“The actor has bought the land parcel spread over a quarter of an acre from The House of Abhinandan Lodha (HoABL) for over Rs 10 crore and the transaction was registered late last week,” ET quoted a source as saying.
This acquisition follows another land purchase by the veteran actor in January, where he acquired a plot in a 7-star mixed-use development of the developer. The purpose of this purchase was to build a house near the recently inaugurated Shri Ram Janmabhoomi Temple in Ayodhya.
Also Read | Millionaire grandchildren! Not just Narayana Murthy’s grandson, these Infosys co-founders’ grandkids also hold stake in company
The Bachchan family owns multiple properties, including the bungalows Jalsa, Prateeksha, and Janak, all situated in Mumbai’s upscale Juhu neighborhood. Recently, Bachchan and his wife gifted their bungalow, Prateeksha, to their daughter Shweta Nanda, the report said.
In December, it was reported by ET that the actor had leased out four office properties, occupying an entire floor in a commercial tower in the Oshiwara area of Mumbai’s Andheri suburb, to Warner Music India, a music entertainment company. The long-term agreement spans a period of five years.
High net-worth individuals, including Bollywood celebrities, continue to prioritize real estate as a top investment choice. These properties are being acquired not only for personal use but also as profitable investment opportunities.
The scenic coastal town of Alibaug has witnessed a surge in property acquisitions by industrialists, corporate executives, Bollywood stars, and sports personalities, leading to an increase in property prices.
Also Read | Where are Virat Kohli, Deepika Padukone, Sachin Tendulkar, Suhana Khan buying their luxury vacation homes in India?
Suhana Khan, the daughter of Bollywood icon Shahrukh Khan, recently purchased a property in this coveted beachfront location, marking her second acquisition in the area within the past eight months. In the previous year, Khan had also acquired a 1.5-acre land parcel in Alibaug.
Alibaug’s close proximity to Mumbai, India’s financial hub, has transformed it into a new hotspot for celebrities and high-profile individuals.
Ranveer Singh and Deepika Padukone, renowned Bollywood actors, have recently joined the list of investors in Alibaug, alongside other notable figures such as Sachin Tendulkar and Rohit Sharma. In 2022, cricketer Virat Kohli and his wife, actress Anushka Sharma, jointly purchased an 8-acre plot in the region.

Leave a Comment

Your email address will not be published. Required fields are marked *