Father of Bollywood Amitabh Bachchan Rented Out Commercial Space in Mumbai

Evergreen king of Bollywood Amitabh Bachchan has rented out four commercial units measuring around 10,000 sqft in the Oshiwara area of Mumbai for a yearly rent of Rs. 2.07 crore and a security deposit of Rs. 1.03 crore. The commercial space has been rented to Warner Music India Limited for five years. According to documents accessed by Propstack.com, the annual rental starting the fourth year will increase to Rs. 2.38 crore. Big B had purchased the above four office spaces in Oshiwara in August 2023. The four units were purchased by Bachchan for Rs. 7.18 crore each.

Reportedly, after Bachhan prominent faces of bollywood, namely, Kartik Aryan, Manoj Bajpayee and Sarah Ali Khan also have purchased office spaces in Mumbai. This continuous series of investing in commercial properties by bollywood stars has created a trend in recent time.

  According to experts, commercial assets have a higher rental yield than residential properties, Commercial properties like offices, retail, and warehouses usually have gross yields in the range of 6-10 percent in metro cities, according to CBRE India, a real estate consultancy firm.

Big B has rented the four units with a lock-in period of three years and 12 parking lots. The stamp duty paid for the deal is Rs. 2.88 lakh and the same was paid on November 30, 2023, according to the documents. The commencement date of the transaction is from March 2024. In recent past, famous Bollywood actor Salman Khan, has rented out 27,650 square feet (sq ft) of space spread over four floors to TNSI Retail Private Limited, a subsidiary of Future Retail Limited, in Mumbai, at a rent of around Rs 89.6 lakh per month in 2022.

In 2021, director Karan Johar leased out two commercial properties owned by him in the name of Dharma Productions for a rent of Rs 17.56 lakh and Rs 6.15 lakh per month.