Actor-producer John Abraham has made a significant real estate investment in Mumbai, purchasing a sprawling 13,138 square feet ground plus two storey bungalow facing Linking Road in Khar for a staggering ₹70.83 crore. The acquisition, registered through an agreement for sale on December 27, involved a transaction with 10 members of the Shah family, most of whom are now residents of the United States, as revealed by registration documents accessed by IndexTap.com. The actor completed the transaction by paying a stamp duty of ₹4.24 crore.
Renowned for his role in the 2023 blockbuster “Pathaan,” the 51-year-old star, who currently resides in a sea-facing penthouse at Hiten Apartments on Shirley Rajan Road in Bandra West, has established himself as an astute property investor. The newly acquired Nirmal Bhuvan bungalow, situated on the esteemed Linking Road, holds immense potential for redevelopment. Linking Road stands as the third most popular high street retail destination in India, following Bengaluru’s MG Road, making it an attractive prospect for rejuvenation and investment.
Despite attempts to reach out for comments, neither the actor nor his company, JA Entertainment, responded to queries sent via email and phone.
John Abraham’s latest real estate venture highlights his keen interest in strategic property investments. The acquisition of this prime bungalow along Linking Road, a bustling and sought-after area, signifies both an asset addition to his portfolio and potential future development prospects.
The strategic location of the property, combined with John Abraham’s reputation as a savvy investor, raises anticipation for potential redevelopment plans that could further enhance the allure of this prime section of Khar. With the actor’s penchant for quality investments, this acquisition adds a new chapter to his real estate endeavors, marking another milestone in his journey as an astute entrepreneur and investor in Mumbai’s dynamic real estate landscape.
Sources By Agencies