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Amitabh Buys Rs 31 Cr Duplex in Mumbai's Andheri

Amitabh Buys Rs 31 Cr Duplex in Mumbai's Andheri

Bollywood superstar Amitabh Bachchan has bought a 5,184-sq ft apartment in Mumbai's Andheri for Rs 31 crore, said a source in the know.

The duplex apartment is located on the 27th and 28th floor and comes with 6 car parks.

According to a Money Control report, the per square feet value of the property in the area will be around Rs. 60,000 sq ft.

The ongoing COVID-19 pandemic has given a massive boost to the sale of luxury apartments. And a lot of celebrities, businessmen, professional CXOs have made the most out of it.

Both COVID-19-led price correction and stamp duty correction have assisted them in an easy purchase.

On August 26, the Maharashtra government announced to temporarily reduce stamp duty on housing real estate from 5 percent to 2 percent until December 31, 2020.

The step was taken to boost the real estate market, which was stagnant for long, and had been adversely hit by COVID-19. Stamp duty remained 3 percent from January 1, 2021, to March 31.

Other Bollywood actors including actor Sunny Leone and director Anand L. Rai have also bought apartments in this project. Leone purchased a 4,365 sq ft apartment in this project for Rs 16 crore. Rai bought a duplex apartment in this tower for over Rs 25 crore, reports said earlier.


Tags: Amitabh Bachchan Andheri