John Abraham Buys Premium Mumbai Bungalow for Rs 71 Crore
Bollywood actor John Abraham has purchased a lavish bungalow in Mumbai’s upscale Khar neighborhood for Rs 70.83 crores. The property includes a 5,416 sq ft bungalow called Nirmal Bhuvan and 7,722 sq ft of open land. This strategic investment underscores Abraham’s affinity for Mumbai’s dynamic real estate landscape.
The Property Details
The property was previously owned by 81-year-old Pravin Nathalal Shah, resident of Pennsylvania, USA. Spanning 13,138 sq ft in total land area, the property consists of prime open space and an existing two-story bungalow, making it an attractive redevelopment opportunity. Most notably, it is situated on the iconic Linking Road, recognized as one of India’s top three high street retail destinations alongside MG Road in Bengaluru. Known for its bustling cafés, luxury boutiques and proximity to schools, it is a highly coveted neighborhood for Mumbai’s elite.
Key Highlights of Abraham’s Latest Purchase
- Purchase Price: Rs 70.83 Crores
- Land Area: 13,138 sq ft
- Built-up Area: 5,416 sq ft (Nirmal Bhuvan Bungalow)
- Former Owner: Pravin Nathalal Shah
- Location: Linking Road, Khar
- Transaction Finalized: December 27, 2023
- Stamp Duty Paid: Rs 4.24 Crores
Abraham’s Love for Real Estate
While contemporary Bollywood celebrities often opt for sea-facing apartments, John Abraham’s latest purchase follows his penchant for premium horizontal properties in prime neighborhoods. While the actor already owns a penthouse in Bandra West, he has actively invested in recent development projects across Mumbai. Industry veterans like Amitabh Bachchan also maintain an extensive portfolio of bungalows across the city.
In summation, John Abraham’s strategic purchase of Nirmal Bhuvan Bungalow and its adjoining land parcel underscores his sharp business acumen. Given its attractive location and redevelopment prospects, it is likely to appreciate substantially in the coming years – making it a lucrative long-term asset for Abraham. As he continues to produce and star in blockbuster films like 2023’s Pathaan, his real estate moves also command interest from news and industry circles.
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