Actress Suhana Khan, daughter of Bollywood star Shahrukh Khan, has acquired a property in Alibaug, a sought-after beachfront locale among Mumbai‘s wealthy and elite, for a sum exceeding Rs 10 crore including stamp duty charges.
The property includes three structures built on a total land parcel spread over nearly 1.8 acres. The structures constructed on the land parcel are spread over a carpet area of 1,218 sq ft, 196 sq ft, and 120 sq ft, respectively.
This is the second such deal concluded by her in the last 8 months. Last year too, Khan had purchased another land parcel spanning 1.5 acres in Alibaug, valued at nearly 13 crores, and the latest plot is situated in the same area.
The transaction was concluded on February 12. She has paid stamp duty of Rs 57 lakh for the registration of the transaction that took place on February 13, shows the documents accessed through IndexTap.com.
On the work front, Suhana Khan serves as a brand ambassador of an international cosmetic brand and her most recent assignment includes a leading role in movie ‘The Archies‘.
Given its proximity to the country’s commercial capital, Alibaug has emerged as the new hotspot for celebrities and high-profile personalities including industrialists, CXOs, Bollywood actors, startup founders, and cricketers.
Bollywood actors Ranveer Singh and Deepika Padukone have recently joined the ranks of investors in this region, alongside other prominent figures such as Sachin Tendulkar and Rohit Sharma.
In 2022, cricketer Virat Kohli and his actress wife Anushka Sharma together acquired an 8-acre plot in the coastal town near Mumbai through individual transactions, totalling nearly Rs 19.24 crore.
The government’s initiatives aimed at improving connectivity between Mumbai and Alibaug are catalysing real estate development in the area, elevating its appeal among developers, homebuyers, and investors.
Previously, limited connectivity hindered the growth of real estate in Alibaug. However, with various infrastructure projects underway, travel time is expected to decrease significantly, from over three hours to just over an hour.
Key infrastructure projects like the Virar-Alibaug corridor, Roll-on-Roll-off (RORO) service from Mumbai, Mumbai Trans-Harbour Link (MTHL), widening of Mumbai-Goa Road & Vadkhal Alibaug Road, and Virar-Alibaug Multimodal Corridor are anticipated to stimulate development and investment in the region.
India’s luxury real estate segment has emerged as a driving force for the sector post-pandemic and continues to gather momentum. With the increasing number of high networth individuals in the country and growing interest among Non-Resident Indians (NRIs) to invest in properties back home, the demand for high-end properties is on the rise.
