Bachchan Father-Son Duo Continues Property Expansion, 2024 Investments Surpass Rs. 100 Crore with Latest Purchase
Bollywood icon Amitabh Bachchan and his son, actor Abhishek Bachchan, continue their real estate investment journey in 2024 with another notable acquisition in Mumbai’s upscale Mulund West locality. This latest addition to their portfolio, valued at Rs. 24.95 crore, underscores the family's growing interest in prime real estate and their strategic approach to property investments. The recent purchase consists of 10 premium apartments located in Oberoi Realty’s luxurious Eternia project, as per registration documents reviewed by Square Yards.
Mulund West is a thriving residential neighbourhood known for its excellent connectivity to both the central and western parts of the city. With modern infrastructure, green surroundings, and well-developed social amenities, it has become a prime location for professionals and affluent buyers. Eternia, the residential project where the Bachchans made their latest investment, is recognized for its luxurious 3 BHK and 4 BHK apartments, offering ready-to-move-in properties for buyers who prioritise convenience and upscale living. The area’s appeal is further enhanced by its scenic beauty and proximity to business hubs, making it an attractive option for celebrities and high-net-worth individuals.
The apartments acquired by the Bachchan family in this project span an impressive total carpet area of 10,216 square feet. The purchase includes eight apartments, each with a carpet area of 1,049 square feet, and two additional units, each covering 912 square feet. Along with the apartments, the deal also secured a total of 20 parking spaces, reflecting the high-end nature of the acquisition. The entire transaction incurred a stamp duty of Rs. 1.50 crore. Of the 10 apartments, Abhishek Bachchan purchased six units, amounting to Rs. 14.77 crore, while Amitabh Bachchan acquired the remaining four apartments. This division of property is a testament to the shared but independent investment strategies of the father-son duo, with both actively involved in expanding their real estate portfolio.
The Bachchans' real estate ventures are not new; in fact, they have been steadily growing their property holdings over the past few years. According to data reviewed by Square Yards, since 2020, the Bachchan family has accounted for more than a quarter of celebrity real estate transactions in the Mumbai Metropolitan Region (MMR). They have acquired approximately 0.19 million square feet of property across the city, with their investments totaling Rs. 219 crore over this period. In 2024 alone, the family has invested over Rs. 100 crore in real estate, solidifying their position as some of the most prolific celebrity investors in Mumbai’s property market.
Their extensive portfolio primarily consists of properties in key areas like Oshiwara and Magathane (Borivali East), where they have invested in both residential and commercial spaces. These areas are known for their potential growth in terms of real estate value, reflecting the Bachchans’ focus on high-return investments. By diversifying their portfolio across different types of properties and locations, the Bachchans have demonstrated a keen understanding of Mumbai’s dynamic real estate market.
The Bachchan family’s continued interest in real estate highlights a larger trend among Bollywood celebrities who view property investment as a lucrative and stable asset class. Mumbai, being the financial capital of India, offers ample opportunities for high-end real estate investments, particularly in rapidly developing neighbourhoods like Mulund, Oshiwara, and Borivali. As property values in these areas continue to appreciate, the Bachchans’ strategic acquisitions will likely yield significant returns in the future.
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