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Sara Ali Khan and her mother Amrita Singh expand real estate investments with Rs 22.26 crore purchase in Mumbai

Bollywood star Sara Ali Khan and her mother, Amrita Singh, have expanded their real estate portfolio by purchasing two commercial office spaces in Andheri West, Mumbai, for a total of Rs 22.26 crore.

October 17, 2024 / 16:11 IST
Bollywood star Sara Ali Khan and her mother, Amrita Singh, have expanded their real estate portfolio

Bollywood star Sara Ali Khan and her mother, Amrita Singh, have expanded their real estate portfolio

Bollywood star Sara Ali Khan and her mother, Amrita Singh, have expanded their real estate portfolio by purchasing two commercial office spaces in Andheri West, Mumbai, for a total of Rs 22.26 crore.

Registration documents obtained from FloorTap.com reveal that the duo acquired two units on the ninth floor of Signature Building, located off Veera Desai Road, from Veer Savarkar Projects Private Limited.

Each of the newly purchased properties is valued at Rs 11.13 crore, with a stamp duty of Rs 66.8 lakh paid per unit. The built-up area of each office space is 2,099 sq. ft., while the carpet area spans 1,905 sq. ft. The transaction was officially registered on October 10, 2024, and includes three parking spots for each unit.

This acquisition follows a previous investment made by Sara Ali Khan and her mother in July 2023, when they purchased a commercial unit on the fourth floor of the same building for Rs 9 crore, paying a stamp duty of Rs 41.01 lakh. That earlier deal also included three parking spaces and was made with Aishwarya Property and Estates Pvt Ltd.

Other Bollywood celebrities have also been active in the commercial real estate market at the Signature Building. Amitabh Bachchan acquired four office units on the 21st floor for Rs 7.18 crore each, covering a total carpet area of 7,620 sq. ft. The purchase was registered on September 1, with a stamp duty of Rs 1.72 crore. Meanwhile, actor Kartik Aaryan bought an office space on the fourth floor on September 4 for Rs 10.9 crore, paying a stamp duty of Rs 47.55 lakh.

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Elsewhere in Andheri, actress and BJP MP Kangana Ranaut purchased a 407 sq. ft. office space on the 19th floor of a building named Arch One for Rs 1.56 crore. The transaction, conducted at a rate of Rs 38,391 per sq. ft. on carpet, adds to the trend of Bollywood stars actively investing in Mumbai's commercial property sector.

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High-profile names like Karishma Kapoor, Kareena Kapoor, Salman Khan, Amitabh Bachchan, and Ajay Devgn have also recently made notable investments in commercial real estate across the city, aiming for lucrative rental income and capital appreciation.

Entertainment desk -
first published: Oct 17, 2024 04:11 pm

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