Bollywood legend Amitabh Bachchan has once again proven his Midas touch extends beyond the silver screen, this time in the real estate market. The veteran actor recently executed a savvy financial move by selling two luxury apartments in Mumbai's upscale Oberoi Sky City complex.
The Big Deal: Numbers That Speak Volumes
According to property documents accessed by The Indian Express, the 80-year-old icon sold both units for a combined ₹12 crore. What makes this transaction particularly noteworthy is the substantial profit margin - Bachchan pocketed an impressive 47% return on his initial investment made back in 2010.
Timing Is Everything: A Strategic Hold
The superstar originally purchased these properties thirteen years ago, demonstrating remarkable patience in his investment strategy. This long-term approach paid off handsomely as Mumbai's real estate market appreciated significantly over the decade, particularly in premium locations like the Oberoi Sky City in Goregaon.
Location Matters: Prime Mumbai Real Estate
The sold apartments were situated in one of Mumbai's most sought-after residential complexes, known for its luxury amenities and prime location. This strategic choice of location undoubtedly contributed to the substantial value appreciation Bachchan enjoyed upon sale.
Beyond Acting: Bachchan's Business Acumen
This successful real estate transaction highlights another dimension of the Bollywood megastar - his sharp business instincts. While fans know him for his unparalleled acting career spanning over five decades, this property deal showcases his understanding of investment timing and market dynamics.
The profitable sale adds to Bachchan's reputation as not just an entertainment industry titan but also a shrewd investor who knows when to enter and exit markets for maximum returns.
