- devara
- 20 Jan 2025 10:41 AM
- Amitabh Bachchan, Oshiwara property sale, Mumbai real estate trends
Amitabh Bachchan’s Apartment Sale in Oshiwara
Bollywood legend Amitabh Bachchan has recently sold his luxurious apartment in Oshiwara, Mumbai, for Rs 83 crore. The property is part of The Atlantis, a premium residential project located in the bustling Oshiwara area, known for its vibrant lifestyle and strategic location in western Mumbai.
Property Details
The duplex apartment spans a built-up area of 529.94 square metres (roughly 5,704 square feet) with a carpet area of 481.75 square metres (approximately 5,185.62 square feet). The sale was finalized in January 2025, as per the property registration documents reviewed by Square Yards.
Transaction Value and Appreciation
Amitabh Bachchan had purchased this apartment in April 2021 for Rs 31 crore. The sale price of Rs 83 crore marks an incredible 168% increase in the property’s value over nearly four years. The transaction involved a stamp duty payment of Rs 4.98 crore, along with registration charges of Rs 30,000.
Property Lease to Kriti Sanon
Before the sale, the apartment was leased to Bollywood actress Kriti Sanon in November 2021. The lease agreement included a monthly rent of Rs 10 lakh and a security deposit of Rs 60 lakh, reflecting the apartment’s status as a luxury rental property.
Oshiwara: A Prime Location in Mumbai
Oshiwara is a well-connected and fast-developing area in western Mumbai, near the Lokhandwala Complex. The locality is known for its urban convenience, with easy access to major roads and the Mumbai Metro, making it an ideal location for luxury living.
The Significance of the Sale
This sale not only underscores the growing demand for luxury real estate in Mumbai but also highlights Amitabh Bachchan’s successful investment strategy. The remarkable 168% appreciation in the property’s value demonstrates the strong performance of the real estate market in premium areas like Oshiwara.