Mumbai: The New Billionaire Capital of Bollywood Star

Once hailed as the commercial capital of India, Mumbai has now earned a prestigious new title as Asia’s “Billionaire Capital.” With property prices skyrocketing, the city has become a prime destination for billionaires, Bollywood celebrities, and industrialists alike. Mumbai’s real estate market has even surpassed Beijing’s, further cementing its allure. Celebrities like Salman Khan, Amitabh Bachchan, and Ranbir Kapoor have capitalized on this boom, turning the city’s real estate into a goldmine. Here’s a closer look at how Bollywood stars are riding the real estate wave.

Ajay Devgn: From On-Screen Hero to Real Estate Mogul

Ajay Devgn, known for his dynamic acting, is making impressive strides in Mumbai’s real estate landscape. In September 2024, Devgn rented out 3,455 sq ft of commercial space for a cool Rs 700,000 per month. His five-year lease also involved a significant security deposit of Rs 3 million. Devgn had earlier purchased the commercial properties, located on the 16th and 17th floors of Signature Tower in Andheri, for Rs 450 crore in 2023. This strategic move underscores Devgn’s growing influence in the industry.

Karan Johar: Filmmaker Turned Real Estate Tycoon

Karan Johar, celebrated for his extravagant films and lifestyle, is also thriving in Mumbai’s property market. In 2021, under his banner Dharma Productions, Johar leased two commercial properties for Rs 1.76 million and Rs 615,000 per month, respectively. In addition, he rented a three-storey apartment in Bandra to actor Imran Khan and his partner Rekha Washington for Rs 900,000 per month in a deal finalized in March 2024. Johar’s savvy investments continue to generate substantial rental returns.

Kajol: Bollywood’s Real Estate Maven

Bollywood’s beloved actress Kajol has been steadily expanding her real estate portfolio. With an estimated net worth of Rs 2.4 crore, Kajol’s smart investments include a notable deal renting a 771 sq ft apartment in the Atlantis Project, Hiranandani Gardens, Powai, for Rs 90,000 per month. The deal also included a security deposit of Rs 300,000. Kajol’s focus on Mumbai’s lucrative market showcases her financial acumen.

Amitabh Bachchan: Expanding His Real Estate Empire

Bollywood legend Amitabh Bachchan has long been a player in Mumbai’s booming real estate market. In 2021, Bachchan rented out the ground floor of his Vatsa and Aam Bungalow near Jalsa to the State Bank of India for Rs 1.89 million per month in a 15-year lease with a Rs 2.26 crore security deposit. Additionally, he rented a duplex in Juhu to actress Kritti Sanon for Rs 1 million per month, with a Rs 6 million deposit. In December 2023, he further expanded his portfolio, leasing four office spaces in Oshiwara to Warner Music India Limited, fetching an annual rent starting at Rs 2 crore. Bachchan’s keen real estate strategy is paying dividends.

Saif Ali Khan: Bollywood Royalty Dominates Real Estate

Saif Ali Khan is also making waves in Mumbai’s real estate scene. Khan recently rented out a 1,500-square-foot Bandra apartment to Guilty By Association Media LLP for Rs 350,000 per month, complete with two parking spots. His strategic property deals underscore his prowess in attracting lucrative tenants and securing steady rental income.

Ranbir Kapoor: From Movies to Multimillion-Dollar Investments

Ranbir Kapoor, known for his acting versatility, has built an impressive real estate portfolio. With an estimated net worth of Rs 3.45 billion, Kapoor owns a 6,100-square-foot apartment in Trump Tower, Pune, which he rents out for Rs 400,000 per month. Kapoor’s real estate investments complement his acting career, establishing him as a shrewd investor with a diverse financial portfolio.

Salman Khan: A Giant in Real Estate

Bollywood superstar Salman Khan is a force to be reckoned with in Mumbai’s property market. According to reports from the Economic Times, Khan earns a whopping Rs 10 million per month from a lease deal with Landcraft for a 25,000-square-foot property. Formerly occupied by a food hall, this investment solidifies Khan’s significant presence in the real estate sector.

Mumbai’s Real Estate Boom: Bollywood’s New Playground

Mumbai’s soaring property market continues to attract Bollywood’s elite, providing substantial rental incomes as property values rise. Celebrities are seizing the opportunity, using the city’s real estate boom to diversify their financial portfolios. With stars like Salman Khan, Amitabh Bachchan, and Ranbir Kapoor leading the charge, Mumbai is not just a cultural hub but also a global investment hotspot.