Kajol buys retail space in Mumbai’s Goregaon West for ₹29 crore
Bollywood actress Kajol has made a significant investment in Mumbai’s real estate market by buying a retail space in Goregaon West. According to a recent report, Kajol has purchased a shop on the ground floor in Linking Road from Bharat Realty Venture Pvt Ltd for a whopping ₹28.78 crore.
The retail space, which is spread across an area of 4,365 square feet, is located in a prime location in Goregaon West, making it a highly sought-after property in the city. Linking Road is known for its bustling shopping scene, with a mix of high-end and affordable stores, restaurants, and cafes.
This is not the first time Kajol has made a significant real estate investment in Mumbai. In 2023, she purchased an office space in the city for ₹7.64 crore. The actress has clearly demonstrated a keen interest in investing in the city’s property market, and her latest purchase is a testament to her confidence in Mumbai’s real estate sector.
Kajol’s latest purchase is part of a larger trend of celebrities investing in Mumbai’s real estate market. Over the years, several Bollywood stars and entrepreneurs have purchased properties in the city, drawn by its business-friendly environment, infrastructure, and opportunities.
The retail space purchased by Kajol is likely to be used for her own business ventures or as an investment property. The actress has been involved in various business ventures over the years, including a production company, a food delivery service, and a beauty brand. It is possible that the new retail space will be used to expand her business interests or to launch new ventures.
Goregaon West is a popular location for retail businesses, thanks to its high footfall and proximity to residential areas. The area is also home to several malls, shopping centers, and restaurants, making it an attractive location for businesses looking to tap into the local market.
The price of ₹28.78 crore that Kajol paid for the retail space is significantly higher than the average property price in Goregaon West. According to recent reports, the average property price in the area is around ₹20,000-₹30,000 per square foot. Kajol’s purchase price translates to around ₹6,600 per square foot, making it a premium property in the area.
Kajol’s real estate investments are a reflection of her entrepreneurial spirit and her confidence in the Indian economy. As an actress, she has built a successful career spanning over three decades, and her investments in real estate and other business ventures are a testament to her business acumen.
In conclusion, Kajol’s purchase of a retail space in Goregaon West for ₹29 crore is a significant investment in Mumbai’s real estate market. The property’s prime location, high demand, and potential for high returns make it an attractive investment for the actress. As the Indian economy continues to grow, it is likely that Kajol will continue to explore new business opportunities and investments, cementing her status as a successful entrepreneur and businesswoman.
