In a significant real estate move, Bollywood actor John Abraham has acquired a sprawling 5,416 sqft bungalow in Mumbai’s Khar area, along with the accompanying land of 7,722 sqft, for a substantial sum of Rs 70.83 crore. The property is located on Khar’s renowned Linking Road, a bustling retail hub and home to several educational institutions.
Abraham finalized the deal on December 27, 2023, paying a stamp duty of Rs 4.24 crore for the prestigious bungalow. This move stands out in Mumbai’s real estate landscape, where contemporary actors predominantly opt for high-rise apartments due to space constraints, leaving bungalows more commonly associated with industry veterans.
The per sqft price for residential real estate in Khar varies between Rs 40,000 to 90,000, contingent on the specific area and property grade, as indicated by local brokers. This acquisition aligns with the actor’s diversification into property ownership, distinguishing him in a landscape often characterized by high-rise living.
Notably, this echoes a trend in the Mumbai entertainment industry, with Bollywood icon Amitabh Bachchan making headlines recently for gifting his Juhu-based bungalow, Prateeksha, to his daughter Shweta Nanda. As the Mumbai real estate market continues to evolve, such acquisitions mark a confluence of stardom and property investment.
