Amitabh Bachchan buys duplex worth Rs 31 crore in Mumbai

Amitabh Bachchan has bought a 5,184 sq ft property in Mumbai worth Rs 31 crore in a project Atlantis by a Tier-2 builder, Crystal Group, according to registration documents accessed by Zapkey.com.

The Bollywood actor bought the property in December 2020 but registered it only in April 2021. He paid a stamp duty of Rs 62 lakh, which is 2 percent of Rs 31 crore, taking advantage of Maharashtra government's stamp duty waiver of 2 percent until March 31, 2021.

This makes the per sq ft value of the property to be around Rs 60,000 per sq ft, according to property brokers and real estate agents who do business in that areas. A response to a message sent to Bachchan's office on the transaction is awaited.

"The pandemic has given a boost to sale of luxury apartments and a lot of celebrities, businessmen, professional CXO's have bought houses to take advantage of the COVID-19-led price correction and stamp duty correction," said Sandeep Reddy, co-founder Zapkey.com On August 26, the Maharashtra government decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020 to boost the stagnant real estate market, which had been hit doubly hard by Covid-19. The stamp duty from January 1, 2021 until March 31, 2021 was 3 percent.

Bachchan has joined a posse of celebrities and businessmen who have taken advantage of Maharashtra government's stamp duty waiver.

Tags: Amitabh Bachchan, Bollywood, Covid-19