Amitabh Bachchan buys land parcel in Alibaug to build luxury villa in beach town – Newz9

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Amitabh Bachchan, the famend Bollywood actor, has just lately bought a land parcel in the coastal town of Alibaug, close to Mumbai, with the intention of developing an expensive villa, in accordance to sources with direct data of the transaction. The beach town is nicely-identified for its sea view properties owned by prosperous and celebrated people.
“The actor has bought the land parcel spread over a quarter of an acre from The House of Abhinandan Lodha (HoABL) for over Rs 10 crore and the transaction was registered late last week,” ET quoted a supply as saying.
This acquisition follows one other land buy by the veteran actor in January, the place he acquired a plot in a 7-star blended-use growth of the developer. The objective of this buy was to build a home close to the just lately inaugurated Shri Ram Janmabhoomi Temple in Ayodhya.
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The Bachchan household owns a number of properties, together with the bungalows Jalsa, Prateeksha, and Janak, all located in Mumbai’s upscale Juhu neighborhood. Recently, Bachchan and his spouse gifted their bungalow, Prateeksha, to their daughter Shweta Nanda, the report mentioned.
In December, it was reported by ET that the actor had leased out 4 workplace properties, occupying a complete ground in a industrial tower in the Oshiwara space of Mumbai’s Andheri suburb, to Warner Music India, a music leisure firm. The lengthy-time period settlement spans a interval of 5 years.
High web-price people, together with Bollywood celebrities, proceed to prioritize real estate as a high funding alternative. These properties are being acquired not just for private use but in addition as worthwhile funding alternatives.
The scenic coastal town of Alibaug has witnessed a surge in property acquisitions by industrialists, company executives, Bollywood stars, and sports activities personalities, main to a rise in property costs.
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Suhana Khan, the daughter of Bollywood icon Shahrukh Khan, just lately bought a property in this coveted beachfront location, marking her second acquisition in the realm throughout the previous eight months. In the earlier 12 months, Khan had additionally acquired a 1.5-acre land parcel in Alibaug.
Alibaug’s shut proximity to Mumbai, India’s monetary hub, has reworked it into a brand new hotspot for celebrities and excessive-profile people.
Ranveer Singh and Deepika Padukone, famend Bollywood actors, have just lately joined the record of traders in Alibaug, alongside different notable figures comparable to Sachin Tendulkar and Rohit Sharma. In 2022, cricketer Virat Kohli and his spouse, actress Anushka Sharma, collectively bought an 8-acre plot in the area.

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