Bollywood Star Tamannaah Bhatia takes Rs 7.84 crore loan from Indian Bank

Bollywood star Tamannaah Bhatia has been involved in significant real estate transactions in Mumbai, as revealed by property registration paperwork accessed through the real estate data analytics firm Propstack.

Residential Property Transactions:

• Tamannaah Bhatia mortgaged three residential flats in Andheri West for Rs 7.84 crore.
• The properties cover a total area of 2595 square feet and are located in Lokhandwala Complex.
• The lender for this mortgage is Indian Bank, and the transaction was registered on June 14, 2024, with a stamp duty of Rs 4.7 lakh.

Commercial Property Rental:

• Tamannaah Bhatia has rented a commercial property in Mumbai’s Juhu area for Rs 18 lakh per month.
• The rented commercial space is 6065 square feet in Western Wind on Juhu Tara Road, leased from Nanavati Construction for a period of five years at a rental of Rs 18 lakh per month.
• The deal, registered on June 27, 2024, required a security deposit of Rs 72 lakh.
• The rent is scheduled to increase to Rs 20.16 lakh in the fourth year and Rs 20.96 lakh in the fifth year.

Other Notable Real Estate Investments:

• The real estate market in Mumbai has seen several large-ticket deals involving Bollywood celebrities, including Amitabh Bachchan, Salman Khan, Ajay Devgn, and Manoj Bajpayee.
• Amitabh Bachchan, for instance, recently made headlines for purchasing opulent flats and office buildings in Mumbai.

The rise in real estate investments by Bollywood celebrities is attributed to the residential real estate capital appreciation and high rental income on commercial assets in Mumbai.

These transactions provide insight into the real estate activities of Bollywood personalities and the dynamics of the Mumbai real estate market.