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Amitabh Bachchan has purchased a 10,000 sq ft land parcel in Alibaug, close to Mumbai, in Maharashtra, for ₹10 crore from The Home of Abhinandan Lodha (HoABL), sources mentioned, including the transaction was registered final week.
Bachchan has purchased the plot in a mission known as A Alibaug, a 20-acre plotted improvement in Alibaug that was launched in April final yr, sources informed HT Digital.
There was no response from the Home of Abhinandan Lodha.
Earlier, Bachchan had purchased a land parcel from the identical builder in Ayodhya in its mission The Sarayu which is a 7-star mixed-use enclave developing within the temple city. Actual property trade sources had mentioned that the plot the place Bachchan intends to construct a house measured round 10,000 sq. toes and was valued at ₹14.5 crore.
Additionally Learn: Home of Abhinandan Lodha launches 250 plots in Ayodhya at a beginning value of ₹1.72 crore
Alibaug has, of late, emerged as a most popular actual property vacation spot for high-net-worth people (HNIs) in search of luxurious retreats and funding alternatives. Its proximity to Mumbai, coupled with well-developed infrastructure and coastal panorama, has fueled a surge in demand for premium properties in recent times.
Additionally Learn: Amitabh Bachchan’s subsequent door bungalow up on the market. Reserve value set at ₹25 crore
In 2023, actor Amitabh Bachchan and his spouse, Jaya Bachchan, had bequeathed Pratiksha bungalow, the primary of the 5 household properties in Juhu, to their 49-year-old daughter Shweta Nanda as a present. Pratiksha was the primary bungalow in Juhu bought by the couple shortly after the success of blockbuster Sholay launched in 1975.
Additionally Learn: Amitabh Bachchan has gifted one in all his properties to his daughter however so are you able to
The opposite properties that the actor’s household owns in Juhu embrace Janak bungalow which is used extra as an workplace, two different bungalows Vatsa and Ammu, a part of which was leased to Citibank, and re-leased to State Financial institution of India in 2021.
In 2021, Bachchan additionally bought the Sopaan bungalow in Gulmohar Park in New Delhi for ₹23 crore to Avni Bader, CEO of Nezone group of corporations. The two.100 sq. toes home was registered in Teji Bachchan’s identify and his dad and mom lived on this home earlier than they moved to Pratiksha.
Bollywood actors who’ve purchased properties in Alibaug
Actor Shah Rukh Khan’s daughter Suhana Khan, who made her movie debut with The Archies, had bought a farm land in Thal village in Alibaug for ₹9.5 crore in February this yr.
Final yr she had invested in an agricultural land unfold throughout an space of 1.5 acres with three constructions on it in Alibaug in Raigad district for ₹12.91 crore.
Suhana’s father Shah Rukh Khan additionally owns a sea-facing property in Thal, with a swimming pool and a helipad and loves internet hosting events for his pals from Bollywood.
A number of celebrities and industrialists have bungalows in Alibaug resembling Navin Agarwal of Vedanta Sources, Gautam Singhania of Raymonds, Prakash Mody of Unichem Labs Ltd, Salil Parekh of Infosys, Sanjay Nayar of KKR, Falguni Nayar of Nyka and fairness investor Deven Mehta, brokers mentioned.
Coastal villages in Alibaug have been in style locations with a variety of celebrities and company honchos for trip properties.
In February 2023, Anushka Sharma-Virat Kohli bought a 2,000 sq ft villa in Avas Dwelling, a luxurious bungalow mission by Aditya Kilachand in Awas Village, for ₹6 crore. In September 2022, the couple bought a 3,350 sq m (36,059 sq ft) farmhouse in Zirad village for ₹19.24 crore. In 2021, Rohit Sharma had additionally bought 4 acres of land in Mhatroli village in the identical area.
An funding alternative?
Connectivity to Alibaug improved after Ro-Ro and velocity boats related Mumbai to Alibaug. The Mumbai Trans Harbour Hyperlink sea bridge connecting Sewri to Nhava Sheva has additionally additional improved street connectivity to Alibaug.
Business reviews counsel that Alibaug anticipates an funding of roughly ₹3000 crore within the close to future, with an estimated 250 acre of land more likely to be developed in levels for the development of built-in townships and luxurious villas.
“The federal government of Maharashtra is taking measures to reinforce the infrastructure in Alibaug, encompassing areas like public transportation, waste administration, and water provide. This additionally varieties part of the bold Alibaug Good Metropolis Mission. Over 40 builders from India’s residential and industrial actual property sector, monetary establishments, together with potential consumers have invested in Alibaug,” mentioned Ritesh Mehta, Senior Director and Head, West and North, Residential Providers and Developer Initiatives, JLL.