Several Bollywood celebrities in Mumbai are taking advantage of the city’s booming real estate market by selling their properties with an average appreciation of 118%. According to a report by Hindustan Times, these celebrities have been able to capitalize on the steep rise in property prices, making substantial profits on their investments.
One such celebrity who has reaped the benefits of the real estate boom is actor Hrithik Roshan, who recently sold his apartment in Juhu for a staggering ₹95 crore, almost double the price he had paid for it in 2016. Similarly, actress Priyanka Chopra Jonas sold her apartment in Versova for a whopping ₹34 crore, nearly three times its purchase price in 2016.
Other celebrities who have cashed in on the real estate boom include Shah Rukh Khan, who sold his Alibaug property for ₹70 crore, and Kiran Rao, who sold her Bandra apartment for ₹7.57 crore. These transactions highlight the lucrative opportunities available in Mumbai’s property market, particularly for those who invested early.
The surge in property prices in Mumbai can be attributed to various factors, including limited supply, high demand, and infrastructure developments in the city. As a result, investors, including Bollywood celebrities, have been able to significantly increase the value of their properties over a short period.
The real estate boom in Mumbai shows no signs of slowing down, with prices expected to continue rising in the coming years. As celebrities continue to cash in on their investments, the city’s property market remains a lucrative opportunity for those looking to make substantial profits on their real estate holdings.
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