Mumbai, June 19, 2024 – Bollywood actor Abhishek Bachchan has made a significant investment in Mumbai’s real estate market by purchasing six luxury apartments in Borivali's upscale Oberoi Sky City. The total transaction value of Rs 15.42 crore was documented in sales agreements signed on May 5, 2024, according to documents accessed by Zapkey.
The six apartments collectively cover a sprawling area of 4,894 square feet, with an average sale price of Rs 31,498 per square foot. Each unit in this integrated living development, spread across 25 acres, is designed to offer luxurious living amidst the vibrant cityscape of Borivali East.
Oberoi Sky City is a premier residential project featuring eight luxury residential towers and the high-end Sky City Mall, which spans over 1.5 million square feet. This development is part of a broader vision by Oberoi Realty Limited, under the leadership of Vikas Oberoi, to create a luxurious living experience in Mumbai.
Oberoi Realty has entered into a partnership with Marriott International to develop two new properties: the JW Marriott Hotel Thane Garden City and the Mumbai Marriott Hotel Sky City in Borivali. These projects are slated for completion by 2027-28, further enhancing the appeal of the region.
Mumbai's real estate market continues to thrive with significant high-ticket transactions. An ANAROCK report highlights a 13-27 percent surge in average property prices in key areas of the Mumbai Metropolitan Region (MMR) and Delhi-NCR over the past three years. Notable transactions include:
Nadir Godrej: The industrialist and chairperson of Godrej Agrovet acquired three apartments in Malabar Hill for Rs 180 crore. The combined 13,831 sq ft space was sold at Rs 1.3 lakh per square foot.
Rekha Jhunjhunwala: In March 2024, the widow of billionaire investor Rakesh Jhunjhunwala bought multiple units in a building behind her sea-facing Rockside CHS in Malabar Hill to preserve her view of the Arabian Sea.
Despite attempts to reach out, Abhishek Bachchan has not responded to queries regarding this substantial real estate investment.
With Mumbai continuing to attract high-profile buyers, the city’s real estate market remains a hotspot for luxury and investment opportunities.
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