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Hindustan Times
23-05-2025
- Business
- Hindustan Times
Why do some Bollywood stars prefer renting over buying homes in Mumbai?
Mumbai's real estate market, known for its soaring prices and luxury residences, ranks among the most expensive in India. A key factor fueling this luxury boom is the steady demand from Bollywood celebrities, many of whom invest heavily in premium properties across the city. Stars like Amitabh Bachchan, Abhishek Bachchan, Akshay Kumar, Manoj Bajpayee, Ajay Devgn, Kajol, Shah Rukh Khan, Deepika Padukone, and Suniel Shetty have frequently made headlines for high-value property transactions. While many Bollywood celebrities are known for purchasing luxury apartments or investing in commercial spaces, a significant number also prefer renting high-end properties instead of owning them. According to real estate consultants, some Bollywood actors, despite having the means to buy, choose to rent properties due to personal preferences, such as securing a sea-facing view in a specific location. Experts also point out that in some cases, the desired property may not be available for sale. In other instances, actors may rent high-end apartments to enjoy a certain lifestyle, even if purchasing the same property is financially out of reach at the time. Also Read: Bollywood real estate deals: Are the returns on investment as glamorous as the stars? "The simple reason, or maybe one of the reasons, is that every celebrity wants to live a life of king size, and they want to live beyond what they can afford at that time in their life. They might at times not be in a position to afford something that they want, and hence they opt for renting," Ajai Kapoor, founder of 360 Degrees, said in a podcast on the Bandra real estate market hosted by Also Read: Here's how much Sohail Khan will make by leasing out a shop in Mumbai's Bandra for five years "The celebrity life is such that once you have entered and seen some success. There are a lot of them who move very fast, and for them to buy something and get stuck there, rather they feel like let me wait for a couple of years, and later I will buy what I need to really use," Kapoor said during the podcast. "For example, a Bollywood celeb might not be able to afford a ₹50 crore home, but he can easily rent that same apartment for ₹1 crore annual rent; it is as simple as that," said Sandeep Reddy, co-founder of during the podcast. Another real estate consultant, not wishing to be named, said, "There are many celebrities who have a run of, say, five years, and later are not that active. At the same time, they already own a house in their hometown, so many times, it just does not make sense for them to purchase a house." Also Read: Bollywood stars drive ₹ 150-plus crore deals in Mumbai's luxury property market Several Bollywood celebrities are currently residing in rented properties. Shah Rukh Khan and his family, for instance, have temporarily moved into a rented home while their iconic bungalow, Mannat, undergoes renovation. Other stars like Vicky Kaushal, Huma Qureshi, Shraddha Kapoor, and Urvashi Rautela are also living in rented apartments in Mumbai.


Express Tribune
08-05-2025
- Entertainment
- Express Tribune
Artists come together to honour Gazan lives
The eight-day "Art for Life – Art for Gaza" Artist's Camp, which commenced on April 30, 2025, at the SilkRoad Culture Centre, concluded on May 7 with a moving and artistic display of multidisciplinary power performances featuring heartfelt tributes to the people of Gaza and a grand finale charity art auction attended by local and international dignitaries. The closing evening was attended by ambassadors from Palestine, Iraq, Iran, Morocco, Sudan, Jordan, Lebanon, Yemen, Qatar, and Romania, as well as cultural attachés from Iran and China. Representatives from French cultural organisations and cinema were also present. The guests viewed and purchased artworks displayed across the SilkRoad Culture Centre, with several artworks reserved in advance by art collectors and enthusiasts. Highlights of the concluding sessions included Live shadow painting on illuminated canvases by renowned painters, including veteran artist Jamal Shah, who participated spontaneously. These performances accompanied live music and dance, resulting in a unique fusion of visual and performing arts. Individual artworks created during the camp by participating painters, calligraphers, origami artists and sculptors were displayed and auctioned, with proceeds pledged to the Embassy of Palestine in Pakistan for the benefit of victims in Gaza. Before this, a special session hosted by social reformer and author Meera'n Malik and Zeeshan Usman Khattak, an emerging film maker and an established RJ, showcased Pak-Palestine musical fusions, live skits, and performances by both emerging and established artists. Participants included schoolchildren from City School, students from NUML Music Society and musicians such as Arieb Azhar and the band 360 Degrees. Notable performances included an elegiac dance by Atif Khan and Group, and a powerful Sufi-rock and interlinear 'Tehtul Lafz' recitation by Maddy and Sam. The SRCC Drum Circle captivated the audience with a drum performance on a traditional Palestinian song. The event concluded on a sombre note as news of cross-border aggression from India, beginning after midnight on May 6, cast a shadow over the evening. Despite the rising tension, the artists and attendees remained unified in their call for peace and justice in Pakistan, Palestine and the region.