MUMBAI: They earn hundreds of crores through movies, endorsements and stage shows. So when it comes to parking their stash, Bollywood biggies prefer to lean on, who else, but Mumbai's builders.
Property market and film industry sources said leading celebrities invest in residential and commercial projects or buy sprawling penthouses, row houses and bungalows for personal use. The preferred locations are in the suburb between Bandra and Andheri.
TOI has learned that investments can range from Rs 5 crore to upwards of Rs 50 crore each. Some of the Bollywood 'badshahs' are believed to have pumped in mega-bucks to purchase bungalow plots or booked a slew of duplex apartments in high-end towers. Builders who spoke to TOI said most stars insist on making "full cheque payment".
A plush home in an upmarket residential enclave is the ultimate style statement. Recently, former Miss Universe-turned actor Lara Dutta and her beau, tennis player Mahesh Bhupathi, closed a Rs 14 crore-deal for a 2,000 sq ft row house on Pali Hill. The property- called Shailja - comes with a lawn.
Last year, producer-director Karan Johar paid Rs 32 crore for a penthouse at Residency building in Khar's Union Park. In 2009, filmmaker and actor Farhan Akhtar purchased a bungalow at Bandra Bandstand (next to Westwind Society) for Rs 22 crore. Actor Shilpa Shetty and her businessman husband Raj Kundra bought a sea-facing bungalow near Juhu post office for Rs 45 crore from builder Sudhakar Shetty last year.
But even all the money in the world may not get you that dream home. Local property market sources said Katrina Kaif and Shahid Kapoor, too, are apartment-hunting in the Bandra-Khar area with a budget of over Rs 20 crore each. Aamir Khan has reportedly been searching or a bungalow plot in Bandra with a budget of over Rs 100 crore for the last two years.
via source
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Bollywood
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