08/09/2023
Bollywood stars Amitabh Bachchan, Kartik A***n, and Sara Ali Khan have all recently invested in commercial properties in Mumbai
Amitabh Bachchan has bought four offices spread over nearly 8,400 square feet in a project in Oshiwara, while A***n has bought a single office of 2,100 square feet and Khan and her mother Amrita Singh have together bought a similar-sized office.
Amitabh Bachchan: Bachchan has bought four offices spread over nearly 8,400 square feet in a project called Signature Tower in Oshiwara. The offices are located on the 21st floor and each has a built-up area of 2,099 square feet. Bachchan has paid a total of Rs. 29 crore for the offices.
Kartik A***n: A***n has bought a single office of 2,100 square feet in the same project as Bachchan. He has paid Rs. 10.09 crore for the office.
Sara Ali Khan and Amrita Singh: Khan and her mother Amrita Singh have together bought a similar-sized office in the same project. They have paid Rs. 9 crore for the office.
The investments by these stars are indicative of the growing demand for commercial properties in Mumbai. The city is a major business hub and is home to a number of multinational companies and startups.
The demand for office space is expected to continue to grow in the coming years, driven by factors such as the expansion of the IT-BPM sector and the growth of the e-commerce industry.
Here are some of the reasons for the growth of commercial properties in Mumbai:
1. Strong economic growth: Mumbai is the financial capital of India and is home to a number of multinational companies and startups. The city's economy is growing at a healthy pace, which is driving demand for office space.
2. Increasing investment in infrastructure: The government is investing heavily in infrastructure projects in Mumbai, such as the Mumbai Metro and the Navi Mumbai airport. This is improving the connectivity of the city and making it a more attractive place for businesses to set up shop.
3. Growing population: Mumbai is one of the most populous cities in India. The city's population is expected to grow by 50% by 2030. This growth will create a demand for more office space, as businesses expand to meet the needs of the growing population.
The investment by Bachchan, A***n, and Khan is a vote of confidence in the future of Mumbai's commercial real estate market. The city is well-positioned to continue to attract investment and grow its economy in the years to come.
In addition to the factors mentioned above, the following are also contributing to the growth of commercial properties in Mumbai:
1. The rise of co-working spaces: Co-working spaces are becoming increasingly popular in Mumbai, as they offer a flexible and affordable option for businesses of all sizes.
2. The growth of the startup ecosystem: Mumbai is home to a vibrant startup ecosystem, which is creating a demand for office space for startups and early-stage businesses.
3. The increasing popularity of online shopping: The growth of online shopping is creating a demand for office space for e-commerce companies.
The growth of commercial properties in Mumbai is a positive sign for the city's economy. It is an indication that businesses are confident in the city's future and are willing to invest in its growth.