Bollywood actress Tamannaah Bhatia has rented a commercial property in Mumbai’s prime Juhu area for ₹18 lakh per month and mortgaged three residential units in Andheri West for ₹7.84 crore, property registration documents accessed through real estate data analytics platform Propstack showed.
The 6065-sq ft commercial property in Western Wind on Juhu Tara Road has been leased from Nanavati Construction for a period of five years at a rental of ₹18 lakh per month, the documents showed. In the fourth year the rent is set to increase to ₹20.16 lakh and subsequently to ₹20.96 lakh in the fifth year. It includes units on the ground floor and basement of the building premises, the documents showed.
The deal, which was registered on June 27, 2024, involved a security deposit of ₹72 lakh, the documents showed.
Also read: From Karishma Kapoor to Amitabh Bachchan, here’s why Bollywood stars prefer to invest in commercial properties
Meanwhile, in another transaction, the three flats in a residential building on Veera Desai Road of Andheri West in Mumbai have been mortgaged to lender Indian Bank for a sum of ₹7.84 crore, as per details of the agreement. The transaction was registered on June 14, 2024, and involved a stamp duty of ₹4.7 lakh, the documents showed.
The properties, spread across an area of 2595 sq ft, are located in Lokhandwala Complex in Andheri West, the documents showed.
Bhatia did not respond to HT Digital’s email query regarding the transactions. The story will be updated when a response is received.
Celebrity clientele
Real estate as an investment is preferred by several Bollywood celebrities. Some notable names include Amitabh Bachchan, Salman Khan, Ajay Devgn and Manoj Bajpayee, among others. Experts credit high rental yields in commercial properties and capital appreciation of residential real estate in the financial capital, for the trend.
Also read: Kalki 2898 AD star Amitabh Bachchan buys three more commercial properties in Mumbai’s Andheri suburb for ₹60 crore
Last month, the Bachchan family made headlines as father Amitabh Bachchan acquired two luxury apartments worth nearly ₹7 crore in Mumbai’s Borivali suburb, following son Abhishek Bachchan’s purchase of six residential units on the same floor for ₹15.42 crore.
Big B Amitabh Bachchan also purchased three office units worth nearly ₹60 crore in Andheri West in the same month.
Also read: After Abhishek Bachchan, Amitabh Bachchan buys two apartments in Mumbai’s Borivali for ₹6.78 crore
