Bollywood stars based in Mumbai, the hub of the Indian film industry, have begun developing an interest in cherry-picking commercial property investment. Some big Bollywood celebrities like Karishma Kapoor and Amitabh Bachchan have invested strategically to expand their portfolio and grab a slice of a highly rewarding and potentially profitable property segment, namely commercial establishments.
The Kapoor sisters, Karishma Kapoor and Kareena Kapoor, and their mother, Babita Kapoor, also recently availed a showroom space in Bandra West on lease for ₹6 lakhs per month to a jewelry brand. Also, Karishma Kapoor has leased out a commercial property, a 2199 sq ft commercial property in Grandbay, Bandra West, to Kongsberg Maritime India Private Limited for ₹ 5 lakhs per month.
Adding up to the list, Ajay Devgn has taken office space on lease in Andheri west Mumbai at a rent of ₹ 900000/- per month for a total period of five years. The renowned Bollywood actor Amitabh Bachchan has invested in four commercial units in Oshiwara, which cost him ₹7 crores per unit, and has decided to lease these properties for ₹2. 07 crore.
Other B’town celebrities such as Kartik Aryan, Manoj Bajpayee, Sarah Ali Khan, and Kajol have also moved toward acquiring space and property, especially in the commercial element of the Lotus Signature Tower at Andheri West. Furthermore, music Singer Sonu Nigam invested in two shops with an area of 5547 sqft in Andheri at ₹11. 37 crore.
The coco commercial property attracts investors because they are believed to yield higher returns than residential investments. Experienced analysts recommend that the rate of return for an office building property is generally higher than that of a residential property, making it a worthy proposition for those intending to expand their investment options.
With Bollywood stars building awareness in the commercial estate field, this illustrates how celebrities have remained open, indicating their intention to invest on the available opportunities in the Mumbai property market.
