Tamannaah Bhatia Leases Commercial Property for ₹18 Lakh/Month and Mortgages Flats Worth ₹7.84 Crore

Indian actress Tamannaah Bhatia has been making headlines recently, not just for her film career but also for her significant real estate investments in Mumbai. Two major transactions have come to light: her decision to rent a prime commercial property in Juhu for a substantial sum and her mortgage of three residential flats in Andheri West. These moves highlight Bhatia’s growing involvement in the Mumbai real estate market and reflect broader trends in celebrity investments.

High-End Commercial Lease in Juhu

Tamannaah Bhatia has taken a notable step in the commercial real estate sector by leasing a property in the upscale Juhu area of Mumbai. According to documents accessed through the real estate data analytics platform Propstack, Bhatia has rented a 6,065 square feet commercial space in the Western Wind building on Juhu Tara Road. The lease agreement, which was finalized on June 27, 2024, is for a term of five years, with an initial monthly rent of ₹18 lakh. Notably, the rent will increase to ₹20.16 lakh in the fourth year and ₹20.96 lakh in the fifth year.

The leased property includes both ground floor and basement units, reflecting its potential for high-end commercial use. This move into commercial real estate is part of a broader trend where Bollywood celebrities are investing in properties for rental income, a sector that offers high returns compared to other investment avenues.

Mortgaging Residential Flats in Andheri West

In a separate transaction, Tamannaah Bhatia has mortgaged three residential flats located on Veera Desai Road in Andheri West, Mumbai. The total amount for this mortgage is ₹7.84 crore, as per the documents from June 14, 2024. The properties, which span a combined area of 2,595 square feet, were mortgaged to Indian Bank. This move includes a stamp duty payment of ₹4.7 lakh, reflecting the significant financial commitment involved.

These flats are situated in the Lokhandwala Complex, a well-regarded residential area in Andheri West. By mortgaging these properties, Bhatia appears to be leveraging her real estate assets to support her other investments or to finance new opportunities.

The Growing Trend of Celebrity Real Estate Investments

Tamannaah Bhatia’s real estate ventures are part of a larger trend among Bollywood celebrities who are turning to property investments as a stable and profitable alternative to traditional financial investments. This trend is evident from the activities of other prominent figures in the industry. For instance, Amitabh Bachchan, a veteran actor and businessman, has been actively acquiring both commercial and residential properties in Mumbai. Recently, Bachchan made headlines for purchasing three office units in Andheri West for ₹60 crore and two luxury apartments in Borivali for nearly ₹7 crore.

Experts suggest that the high rental yields offered by commercial properties, combined with the potential for capital appreciation in the residential real estate market, are key drivers behind these investments. In a city like Mumbai, where real estate prices are continually on the rise, such investments are seen as a secure way to grow wealth.

The Impact on Mumbai's Real Estate Market

Ms. Bhatia’s high-profile real estate transactions underscore the robustness of Mumbai’s real estate market. With commercial spaces in prime locations like Juhu attracting high rents and residential properties in sought-after areas like Andheri West being leveraged for significant financial deals, it is clear that Mumbai remains a hotbed for real estate investment.

For many celebrities, investing in real estate not only offers a reliable income stream but also serves as a hedge against market volatility. As seen in Tamannaah Bhatia’s recent deals, the intersection of Bollywood and real estate continues to be a dynamic and influential aspect of Mumbai’s property landscape.

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