Mumbai, often hailed as the commercial capital of India, has recently earned a new title: Asia’s ‘billionaire capital.’ With property prices surging, the city has attracted a plethora of billionaires, Bollywood celebrities, and industrialists. In fact, Mumbai’s real estate market has outpaced Beijing, showcasing its undeniable appeal. Celebrities like Salman Khan, Amitabh Bachchan, and Ranbir Kapoor have heavily invested in Mumbai’s real estate, reaping substantial financial rewards from their properties. Here’s a closer look at how Bollywood stars are capitalizing on Mumbai’s booming real estate market.
Ajay Devgn
Ajay Devgn, known for his powerful performances on-screen, is making significant strides in real estate. In early September, Devgn leased out a 3,455 square feet of commercial space for a monthly rent of Rs 7 lakh. The lease deal, spanning five years, also included a substantial security deposit of Rs 30 lakh. Devgn acquired these commercial properties—located on the 16th and 17th floors of Signature Tower in Andheri, Mumbai—in July 2023 for Rs 45 crore. This strategic investment highlights his growing influence in the real estate sector.
Karan Johar
Filmmaker Karan Johar, renowned for his luxurious lifestyle, has made lucrative investments in Mumbai’s real estate market. In 2021, he leased out two commercial properties under Dharma Productions for monthly rents of Rs 17.56 lakh and Rs 6.15 lakh, respectively. Additionally, Johar rented out his three-storey Bandra apartment to actor Imran Khan and his partner Lekha Washington for Rs 9 lakh per month. This agreement, registered in March 2024, underscores Johar’s adeptness at leveraging his real estate assets for significant rental income.
Kajol
Kajol, one of Bollywood’s most celebrated actresses, has strategically invested in Mumbai real estate. With an estimated net worth of around Rs 240 crore, Kajol has numerous properties in the city. One notable deal involves leasing her 771 square feet apartment in the Atlantis project at Hiranandani Gardens, Powai, for a monthly rent of Rs 90,000. This lease also included a security deposit of Rs 3 lakh. Kajol’s investments reflect her keen interest in maximizing returns from the burgeoning real estate market.
Amitabh Bachchan
Amitabh Bachchan, a towering figure in Bollywood, has made substantial investments in Mumbai’s real estate. In 2021, he leased out the ground floor of the Vatsa and Ammu bungalow near Jalsa to the State Bank of India for Rs 18.90 lakh per month. This 15-year lease also involved a hefty security deposit of Rs 2.26 crore. Additionally, Bachchan rented out his duplex in Juhu to actress Kriti Sanon for Rs 10 lakh per month, with a security deposit of Rs 60 lakh. In December 2023, he expanded his real estate portfolio by renting out four commercial office spaces in Oshiwara to Warner Music India Limited, earning an annual rent of Rs 2 crore in the initial three years, increasing to Rs 2.38 crore in the fourth and fifth years. These transactions underscore Bachchan’s strategic approach to real estate investment.
Saif Ali Khan
Saif Ali Khan has also made a notable impact in Mumbai’s real estate market. Khan has leased out a 1,500 square feet apartment in Bandra to Guilty by Association Media LLP for a monthly rent of Rs 3.5 lakh. This property also includes two parking spaces, reflecting Khan’s ability to attract lucrative rental agreements.
Ranbir Kapoor
Ranbir Kapoor, known for his diverse roles in Bollywood, has significantly invested in real estate. With an estimated net worth of Rs 345 crore, Kapoor’s real estate ventures include renting out his 6,100 square feet apartment in Pune’s Trump Towers for Rs 4 lakh per month. Kapoor’s investments, alongside his acting and endorsements, highlight his diversified financial portfolio and strategic approach to wealth management.
Salman Khan
Salman Khan, one of Bollywood’s highest-paid actors, has leveraged his wealth to make substantial real estate investments. According to the Economic Times, Khan earns an impressive Rs 1 crore monthly from a rental agreement with LandCraft. This deal involves leasing out a 25,000 square feet property, previously occupied by Foodhall, reflecting Khan’s significant presence in the real estate market.
Mumbai’s real estate market continues to thrive, attracting investments from some of Bollywood’s most prominent figures. As property values soar, these investments not only offer substantial rental income but also showcase the city’s growing stature as a global investment hub.
