Amitabh Bachchan, a name that resonates across India and beyond, not only embodies cinematic excellence but also shrewd investment acumen. Beyond the silver screen’s shimmer, this esteemed actor has been making strategic movements in the real estate market. Following his latest stint as the beloved host of India’s popular game show ‘Kaun Banega Crorepati’ which culminated on a high note this past Friday, Amitabh Bachchan, also fondly known as Big B, has made the news for a different kind of financial feat.
The superstar is currently in the limelight for engaging in a substantial real estate transaction that involves renting out a property located in the bustling locale of Oshiwara, Mumbai. According to credible sources, a music company has become the new tenant of Bachchan’s property against an impressive sum of Rs 2.07 crore per annum.
MoneyControl reports that Amitabh Bachchan has leased four commercial office spaces in the Andheri West area of Oshiwara. These properties span approximately 10,000 square feet. The rent set for these commercial spaces is pegged at the mentioned yearly amount while a security deposit of Rs 1.03 crore has been duly collected. Documents obtained by Propstack.com reveal that Warner Music India Limited is the lessee, with a term agreement of five years.
It has been speculated that these office spaces were acquired by Bachchan in August for a total of about 7.18 crore. A notable feature of this investment is the three-year lock-in period, coupled with the provision of approximately 12 parking spaces. Adding to the transaction details, reports indicate that a stamp duty of Rs 2.88 lakh was paid on the 30th of November as part of the leasing formalities.
This move by Amitabh Bachchan is reflective of a broader trend among celebrities who are looking towards real estate as a lucrative investment avenue, particularly in light of its return on investment potential. This cohort of savvy investors includes names such as Kartik Aaryan, who has secured an office space of nearly 2100 square feet priced at Rs 10 crore. Similarly, Sara Ali Khan, alongside her mother Amrita Singh, invested in an office of the same size for Rs 9 crore. In the same vein, Kajol and her superstar husband Ajay Devgn have made real estate purchases valued at Rs 7.64 crore and Rs 45 crore, respectively.
While his investments continue to grow, Amitabh Bachchan is far from stepping back from the cinematic arena. Most recently, fans were treated to his groundbreaking performance in ‘Ganpath’. His upcoming ventures suggest an exciting trajectory ahead. On the horizon are two films with the celebrated actress Deepika Padukone: ‘The Intern’, a Hollywood remake, and ‘Kalki 2898 AD’, giving audiences much to anticipate. In addition, a reunion with Tamil cinema icon Rajinikanth in ‘Vettaiyan’ signifies Bachchan’s unwavering commitment to diverse and dynamic roles.
As the news of Amitabh Bachchan’s latest property venture spreads, it highlights the intertwined relationship between stardom and entrepreneurship. While fans eagerly await his on-screen appearances, it is clear that off-screen, his astuteness in investment continues to position him as a formidable figure in the business realms as well. This strategic lease deal not only adds to his already illustrious career but also affirms the actor’s foresight in financial planning, proving that his acumen extends well beyond the craft of acting.
