Kangana Ranaut Purchases Office Space in Mumbai's Andheri For ₹1.56 Crore

Kangana Ranaut, a prominent figure in both Bollywood and Indian politics, has once again made headlines with her recent acquisition of a commercial property in Mumbai. She has recently acquired an office space in the bustling area of Andheri, Mumbai. According to property registration documents accessed by Propstack, a leading real estate data platform, the Bollywood star purchased the property for a substantial ₹1.56 crore. The office space, located on the 19th floor of a building named Arch One, spans 407 square feet, translating to a per-square-foot cost of ₹38,391.

The transaction also included a stamp duty payment of ₹9.37 lakh and a registration fee of ₹30,000, as per the documents. The seller of the property is Chandra Gupta Estates Private Limited, a real estate company with a portfolio of commercial properties in Mumbai.

This purchase adds to Ranaut's impressive asset portfolio, which she publicly disclosed in May 2024. Her declared assets amount to over ₹91 crore, comprising ₹28.7 crore in movable assets and ₹62.9 crore in immovable assets. This includes properties in prime locations and luxury vehicles, reflecting her successful career in the entertainment industry and her prudent financial management.

A Strategic Investment

Ranaut's decision to invest in commercial real estate is not just a financial move but also a strategic one. Mumbai, the financial capital of India, offers lucrative opportunities in the commercial property market, especially in areas like Andheri, which is a hub for businesses and startups. The city's commercial real estate market has been witnessing steady growth, with high demand for office spaces, retail outlets, and warehouses.

According to CBRE India, a leading real estate consulting firm, commercial assets such as offices, retail spaces, and warehouses typically yield gross returns of 6-10% annually in metro cities like Mumbai. Grade-A office spaces in Mumbai, which are considered premium properties, offer average yields in the range of 6-8%. Retail assets, particularly in prime locations, can provide yields of up to 9.5%. This makes commercial real estate an attractive investment option for those looking to diversify their portfolios and earn steady returns.

The Celebrity Real Estate Trend

Kangana Ranaut is not the only Bollywood star to invest in commercial real estate. In recent years, several celebrities have been making headlines for their property purchases and leases in Mumbai. For instance, Amitabh Bachchan, one of the most iconic figures in Indian cinema, has invested over ₹100 crore in properties over the last year alone. His investments include properties in Mumbai, Alibaug, and even the temple town of Ayodhya.

Other Bollywood personalities like Karishma Kapoor, Kareena Kapoor, Salman Khan, and Ajay Devgn have also made significant investments in commercial real estate. These investments are often driven by the potential for high rental yields and long-term capital appreciation. As public figures with substantial incomes, these celebrities are leveraging their financial resources to build diversified portfolios that include a mix of residential and commercial properties.

Kangana Ranaut's recent purchase of office space in Andheri is a testament to her strategic approach to financial management and her confidence in Mumbai's commercial real estate market. As Bollywood stars continue to diversify their investments, the trend of celebrity real estate purchases is likely to grow.