20th May 2023, Mumbai : Bollywood Industry’s Bhai-Jaan Salman Khan, is reportedly planning to built a 19th storey hotel in a prime location and also remours is that he purchased the sea facing plot at a Bandra Carter road, Mumbai. Real state is the Bollywood celebrities safest zone to buy or invest million of their money as a asset.
As Times of India said – BMC has been approved the building plans and also gain the access by this newspaper in which it shows a 19-storey hotel, the plot once housed the residential Starlet CHS, where the Khans had purchased apartments and had initially planned to redevelop the property into a residential building but the Khan’s family have decided to make a 19th storey hotel in it. The proposal for making a hotel is submitted over an years ago in the name of Salman’s mother, Salma Khan. Who is the Officially a Owner of the property.
The Khan’s family architect, and other team members have full planned and submitted under the city’s new Development Control & Promotion Regulation (DCPR-2034), for a commercial Centralized Air conditioned Building with the height of 69.90 meters.
The structure have made like this, it includes three-level basements, the first and second floors for a cafe and restaurant, the 3rd floor for a gymnasium and swimming pool, the 4th floor as a service floor, the 5th and 6th floors for the convention centre, and the 7th to 19th floors for hotel use.
There is no sign of construction is there, but soon it will get started.
There are several Bollywood star’s who have invested in real state, some of them are –
John Abraham – Bollywood action hero John Abraham, having a heavy investment in a real estate In 2009, he bought a prime plot at Union Park near the Petit school from a Parsi family, the Rattanshas. From his close one, said Abraham has no immediate plans to build on the plot.
Hrithik Roshan and Father Rakesh Roshan – Roshan’s are the big investors in the market of properties. In 2020, the actor bought three floors in a residential tower on the Juhu-Versova link road for close to Rs 100 crore. The Roshans have also invested in commercial properties mainly in the western suburbs.
Ajay Devgan – Two years ago, actor bought a bungalow spread across 474.4 sq m at Juhu for Rs 47.5 crore.
Many directors, film makers have their name in the property investment. CEO of Narains Luxury Properties India, Chetan D Narain said – Real Estate investment has always been the first choice for almost all celebrities including the film industry in India,”. Also he added – “The Bollywood fraternity has made some wise choices in the past and even recently for their financial stability by buying Grade A luxury properties,”
1960’ Actors, Rajesh Khanna had bought the bungalow from another Bollywood legend, Rajendra Kumar, and had it rebuilt in the 1980s. It was once attached by the income-tax authorities after Khanna defaulted on payments, but he managed to clear his dues and reclaim it.
After his death, her Daughter sold the property to an Industrialist for sum of 90 crore, in 2014.
It is the best choice for Bollywood to invest them for future life.
By – Anushka Dutta