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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.
Hindustan Times
11-05-2025
- Business
- Hindustan Times
Bollywood stars drive ₹ 150-plus crore deals in Mumbai's luxury property market
Mumbai's real estate market frequently grabs headlines for record-breaking luxury apartment deals at sky-high per square foot rates. Over the past 60 days, several Bollywood celebrities have made major property moves—either buying or selling—within India's financial capital. Here are five such high-profile transactions, valued at over ₹150 crore. Bollywood actor Suniel Shetty and his son-in-law, cricketer KL Rahul, were in the news last month for jointly acquiring a seven-acre land parcel in Owale at Thane West, near Mumbai, for Rs. 9.85 crore, according to property registration documents accessed by Square Yards. The transaction involved seven acres of undivided land within a larger parcel spanning 30 acres and 17 guntha. Bollywood actor Akshay Kumar has been in the news for selling real estate properties since January 2025. Over the past two months, Kumar has sold six properties in the Mumbai real estate market, earning returns of over ₹103 crore. The sales include luxury apartments and commercial office spaces in prime locations such as Borivali, Worli, and Lower Parel. Also Read: Check out Akshay Kumar's return on investment from the sale of six properties in Mumbai Bollywood actress Amrita Puri, along with her father Aditya Puri, has purchased a luxury apartment worth ₹37 crore in Mumbai's Lower Parel, according to property registration documents accessed by Square Yards The apartment is on the 49th floor of Lodha World Towers and measures over 5,446 sq ft, according to the documents. Also Read: Mumbai real estate: Bollywood actress Amrita Puri buys ₹37-crore luxury apartment in one of India's tallest buildings Bollywood singer and music composer Rahul Vaidya, along with his parents Krushna and Geeta Vaidya, has sold two apartments in Mumbai's Oshiwara area for ₹5 crore, documents reviewed by Square Yards showed. The apartments sold by Rahul Vaidya are located in Samartha Aangan, a ready-to-move residential project and measure nearly 2,000 sq ft. Kajol Vishal Devgan was in the news over a month ago for selling an apartment in Mumbai's Powai area for ₹3.1 crore, according to documents accessed by The 762 sq ft apartment is located on the 21st floor of the Atlantis Co-Operative Housing Society Limited, Hiranandani Gardens, Powai, and comes with two stack car parking spaces, the documents showed. Also Read: Here's why high-net-worth individuals may be selling their properties in Mumbai's real estate market In the same month, Kajol had bought a commercial space spread across an area of 4365 sq ft worth ₹28.78 crore in Goregaon West near Mumbai. She had bought the retail space on the ground floor in Linking Road, Bangur Nagar, Goregaon West, Mumbai, from Bharat Realty Ventures Pvt Ltd.
