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Amitabh Bachchan buys duplex in Andheri (W) in Mumbai for Rs 31 cr

06:41 PM May 29, 2021 | Sweety Adimulam

Mumbai: Actor Amitabh Bachchan has bought a luxury duplex property with a carpet area of 5,184 square feet for an amount of Rs 31 crore in a project named Atlantis located at New Link Road, Andheri West, by developer Crystal Pride.

According to the property registration documents accessed by Zapkey.com, the new property is located on the 27th and 28th floors of the highrise. Also, the property comes with six mechanised car parking spaces for the homebuyer.

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The Free Press Journal also reviewed the copy of the registration documents, which showed that Bachchan bought the property on December 31, 2020, and registered it in April 2021.

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For the said property, the actor paid a stamp duty of Rs 62 lakh, which is 2 percent of Rs 31 crore, taking advantage of Maharashtra government’s stamp duty concession of 2 percent valid till December 31, 2020. According to real estate brokers dealing in the area, the per sq ft value of the property works out to around Rs 60,000.

The Maharashtra Government, in a bid to provide a much-needed push to the real estate sector and encourage homebuyers to continue buying property in the pandemic, had offered a stamp duty waiver. Under this scheme, homebuyers had availed 2 percent stamp duty offer till December 2020, and later 3 percent till March 2021. However, the government did not extend the offer despite appeals by developers and representatives from the real estate sector. Now homebuyers have to pay 5 percent stamp duty on any property purchase.

Sandeep Reddy, co-founder of Zapkey.com, said, "The pandemic has given a boost to sales of luxury apartments and a lot of celebrities and businessmen have bought houses to take advantage of the pandemic-led price correction and stamp duty reduction."

According to registration documents accessed by Zapkey.com, actress Sunny Leone had bought a flat on the 12th floor in the same project for Rs 16 crore on March 28, 2021. Bollywood director and producer Aanand L Rai had also bought a duplex apartment on the 27th and 28th floor with his wife Yogita Aanand Raisinghani for Rs 25.3 crore in the same property.

Also Read: Amitabh Bachchan donates equipment to set up 25-bed COVID facility in Mumbai

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