Bollywood Celebrities: Because of their jobs, most Bollywood celebrities prefer to live in Mumbai. As a result, their primary investment focus remains on Mumbai’s upscale neighbourhoods, which promise high returns and a high quality of life navimumbaihouses.com discusses five such areas that Bollywood celebrities prefer for real estate investment.

Bollywood celebrities have always been interested in real estate investments. Whether commercial or residential, the movie stars have been making headlines for multi-billion dollar real estate deals. Recently, actors such as Ranveer Singh, Jahnvi Kapoor, and Rajkummar Rao have made headlines for their massive investments. Essentially, there is a long history of real estate and Bollywood.

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And, because the Film City is based in Mumbai, most celebrities prefer to invest here due to the ease of access to work. Furthermore, property prices in Mumbai have been rising, making real estate the most profitable addition to the investment portfolio. However, the pertinent question remains: which areas are preferre by Bollywood celebrities?

Bollywood celebrities’ favourite locations

Mumbai’s Bandra district

Bandra is a posh coastal suburb with a breathtaking view. It is one of the most popular areas among top Bollywood celebrities. Actors such as Shahrukh Khan, John Abraham, Siddharth Malhotra, Kareena Kapoor, Saif Ali Khan, and Salman Khan live in Bandra.

Mannat, owned by Shahrukh Khan, is a tourist attraction in Bandra. It is estimateto cost more than Rs 200 crore and spans 27,000 square feet. Similarly, Ranveer Singh paid Rs 119 crore for an extravagant apartment near Shahrukh’s Mannat in Sagar Resham, Bandstand, Bandra. It has a carpet area of 11,266 sq ft and a 1,300 sq ft terrace and is price around one lakh per sq ft.

Bandra’s housing stock is primarily made up of high-end residential apartments. The average transaction rate in Bandra West.

Bollywood Celebrities: Mumbai, Worli

Worli has a variety of commercial establishments and premium apartments with varying property values. It is a popular choice for celebrities looking to invest in real estate because of its strong infrastructure and high-rise structures. Well-known celebrities who own properties in Worli include Anushka Sharma, Yuvraj Singh, and Shahid Kapoor.

Anushka Sharma and Virat Kohli own a luxury home in Omkar 1973 that was purchase for 34 crore. It has four bedrooms, a private terrace, a garden area, and a small gym.

Shahid Kapoor has also invested Rs 56 crore in a Worli duplex. It is an ultra-luxury home develope by Oasis Realty that spans over 8,600 sq ft and faces the Bandra-Worli Sea Link. Worli’s average property price is around Rs 40,800 per square foot, up 5% year on year. Approximately 80% of the available inventory is multi-story apartments with 2-4 BHK configurations.

Bollywood Celebrities: Mumbai, Juhu

Juhu is a high-end neighbourhood in southwest Mumbai, surrounded by Versova, Santacruz, Vile Parle, and Khar. The area is well-known for its Juhu Beach and riverfront properties. Famous residents include Jahnvi Kapoor, Alia Bhatt, Akshay Kumar, Ajay Devgn, and Anil Kapoor.

Jalsa, owned by Amitabh Bachchan, is a two-story luxury heritage building in Juhu. It is 10,125 square feet in size and features a mix of traditional and modern décor. Jalsa is estimate to be worth around Rs 120 crore. Prateeksha, about a kilometre away, is another bungalow owne by the actor. Jahnvi Kapoor also paid Rs 39 crore for a three-story swanky apartment spanning over 4,000 sq ft in the posh locality of Juhu Vile Parle Development (JVDP) Scheme in Juhu.

On a yearly basis, the price of Juhu has increased by 6%. It provides premium residential apartments with average prices of Rs 42,550 per sq ft. The Western Express Highway, Malad-Andheri Link Road, Sea-link from Linking Road, and SV Road ensure that the area is well-connected. The upcoming Coastal Link Road is also expected to improve connectivity.

Bollywood Celebrities: Mumbai, Andheri West

Andheri West, a high-end residential area, is home to celebrities such as Priyanka Chopra, Rajkumar Rao, and Ayushmann Khurrana.

Ayushmann Khurrana paid Windsor Realty Pvt Ltd around Rs 20 crore and a stamp duty of Rs 96.50 lakh for possession of two apartments on the 20th floor of Windsor Grande Residences. The upscale apartments in Lokhandwala Complex have a total area of 4,027 sq ft and four parking spaces. Amitabh Bachchan also paid Rs 31 crore for a 5,000-square-foot property in the Atlantis Project in Andheri West. The property has six parking lots and is located on the 27th and 28th floors.

Priyanka Chopra Jonas also owns a home in Andheri West’s Lokhandwala Complex and another in Karmayog Building.

Rajkumar Rao’s residence is also in Andheri. It’s in Oberoi Springs, a residential complex where Vicky Kaushal and Katrina Kaif also live. Andheri is a popular micromarket with a three percent price increase year on year Well-known developers with projects in Andheri West include Oberoi Realty and Samartha Development Corporation. The average property price in the area is around Rs 26,550 per sq ft.

Bollywood Celebrities: Mumbai, Versova

Nawazuddin Siddiqui’s Rs 12 crore mansion, Nawab, is inspire by his ancestral home in Uttar Pradesh and is located on Yari Road in Versova. Other celebrities who live in Versova include Arshad Warsi, who lives in Kohinoor Apartments, Sushmita Sen, who lives in Beach Queen Apartments, and Tabu, who lives in Anukool, Seven Bungalows.

Versova is a high-end residential area, with an average property price of around Rs 28,000 per square foot, up 3% year on year. The housing stock consists primarily of residential apartments and villas. Hiranandani Developers and Lotus Group are two well-known builders in the area.

With consistent price growth and a variety of benefits associate with real estate, elite investors, including Bollywood celebrities, are expected to continue investing in lucrative opportunities. Real estate investment not only diversifies a portfolio, but it also saves taxes and increases market credibility.

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