Amitabh Bachchan rents Mumbai property for Rs. 2.07 crores yearly: Reports
Mumbai's real estate landscape is witnessing a fascinating shift, with Bollywood stars increasingly turning their attention to commercial investments over residential ones. The latest to join this trend is Amitabh Bachchan, who has reportedly secured a lucrative deal by renting out four commercial units in Mumbai's Oshiwara district for a staggering Rs. 2.07 crores per year. These units, spanning approximately 10,000 square feet, have been leased to Warner Music India Limited for a five-year term, as reported by The Economic Times and Moneycontrol. Bachchan's lease agreement with Warner Music includes a three-year lock-in period and access to 12 parking slots. This strategic move follows Bachchan's insightful purchase of these spaces in August 2023, each valued at a hefty Rs. 7.18 crores. The rent structure itself is designed for incremental growth, with the initial rate set at Rs. 170 per square foot per month for the first three years, as per The Economic Times. Thi...