Big Real Estate Move by 'Family Man' Manoj Bajpayee - Bollywood Star and Spouse Snap Up Andheri Office Spaces for a Whopping INR 32 Crore

Manoj Bajpayee buys Andheri West Mumbai Office Spaces for INR 32 Crore

In a grand real estate move, Bollywood's acclaimed actor, Manoj Bajpayee, alongside his wife Shabana Bajpayee, has made a significant investment in Mumbai's prime Oshiwara district. The duo has acquired four plush office units in the renowned Signature Building, situated off the bustling Veera Desai Road. These units, boasting a combined carpet area of 7,620 sq ft, come with a price tag of Rs 32.94 crore, as revealed by documents sourced from Floortap.com

Details:

Each of the four units spans a carpet area of 1,905 sq ft, bringing the total to 7,620 sq ft.The cumulative agreement value for these spaces stands at Rs 31.08 crore, translating to Rs 7.77 crore per unit.Adding to the allure, the purchase includes nine dedicated car parking slots.The selling entity behind this deal is the reputed Veer Savarkar Projects Private Limited.

Notably, the stamp duty paid by Bajpayee for this acquisition is Rs 1.86 crore.

Analysis - Based on real-time data and the current buzz in the real estate sector:

Celebrity Influence:

High-profile purchases, especially by renowned personalities like Manoj Bajpayee, often set trends and boost the appeal of the area. Oshiwara might see increased interest from potential buyers and investors.

Price Benchmarking:

The purchase price can serve as a benchmark for similar properties in the Oshiwara area, potentially influencing future real estate transactions.

Market Sentiment:

Such significant investments by prominent figures can instill confidence in the market, indicating stability and growth potential in Mumbai's real estate sector.While the immediate impact of this purchase on the broader real estate market remains to be seen, it's evident that the Oshiwara area continues to attract the attention of the elite, further cementing its status as a prime real estate destination in Mumbai.