BOLLYWOOD STAR JOHN ABRAHAM ACQUIRES PRIME BUNGALOW IN MUMBAI FOR RS 70.83 CRORE
January 3, 2024 MUMBAI, INDIA — Bollywood heartthrob John Abraham has added a luxurious touch to his real estate portfolio with the recent acquisition of a sprawling bungalow in the upscale Khar Credit area of Mumbai. The property, spanning 5,416 sqft, along with the accompanying land measuring 7,722 sqft, was secured for a staggering sum of Rs 70.83 crore. The purchase was officially registered on December 27, 2023, with Mr. Abraham paying a stamp duty of Rs 4.24 crore.
Situated on Khar’s famed Linking Road, one of Mumbai’s premier retail high streets, the newly acquired bungalow places Mr. Abraham in the midst of vibrant surroundings, including renowned educational institutions.
In a city where vertical living is the norm due to space constraints, Mr. Abraham’s choice of a horizontal property sets him apart in the Bollywood fraternity, where high-rise apartments are the more common choice among contemporary stars.
Commenting on the purchase, Mr. Abraham’s spokesperson stated, “John Abraham is thrilled to call this prestigious property his new home. The unique charm of the Khar area, coupled with the convenience of Linking Road, made it an irresistible choice for him. The actor looks forward to creating lasting memories in his new abode.”
As one of the most sought-after residential areas in Mumbai, Khar boasts a per square foot price range of Rs 40,000 to 90,000, varying based on the specific location and property grade, as confirmed by local real estate experts.