Owning a property has always been considered a wise investment, especially if you take a very long term view. The Government of India now has made it easy for Indian nationals to invest in international real estate as well. Of course, most HNI’s (high net individuals) are happy and taking advantage of that option.
Even our Bollywood stars are not too far behind when it comes to owning a property abroad, considering the fact that they have the moolah (most movies gross more than 200 crores just in the domestic market).
Besides, most of them understand the real estate business, compared to investing in stocks or investing in other businesses. And because they love holidaying in exotic foreign locales, most of them also have invested in a property abroad.
Lets take a look at our Bollywood businessmen, who are also astute investors. These stars have invested in places like Dubai, London, Mauritius, Canada.
He’s considered to be a very savvy businessmen and considering the fact that he’s among the richest actors in the world (and not just in Bollywood), you’d definitely expect him to be heavily invested in properties abroad.
He owns a sprawling luxury holiday home on The Palm Jumeirah in Dubai, which he claims has been given to him as a gift, but many believe that its his payment for endorsing Palm Jumeirah. Spread over two levels of sprawling 8500 square feet and 14000 square feet plots, the Signature Villa is worth close to Rs. 18 crore. The villa comes with its own pool and a private beach, where Khan family loves to have a blast.
King Khan also owns an apartment in central London’s posh park lane worth about £20 million, and the family uses it whenever they’re in London to meet their son Aryan, who’s studying there.
Before Mannat came into existence, it was always Amitabh Bachchan’s bungalows in Juhu (Jalsa and Pratiksha) that people wanted to see. Big B owns five houses in Mumbai but he also owns a house in Paris. The Paris property was apparently gifted to the megastar by wife Jaya Bachchan as he adores the fashion capital of the world.
Not to be left behind, AB Baby & Ash own a plush property in Dubai’s Jumeirah’s Golf Estates. The villa (comes with landscape gardens and a resort style swimming pool) in Sanctuary Falls ranges between 5600 square feet to 10,600 square feet in area, while the price ranges from 15 to 35 million UAE Dirhams.
He may not hog the limelight as much as the other stars listed here but John is definitely one of the most astute businessmen in Bollywood (his wife Priya Runchal is an investment banker). The model turned actor owns a home in exclusive area of Bel Air, Los Angeles, USA. His neighbours include the likes of Jennifer Anniston and Angelina Jolie.
Shilpa’s husband Raj Kundra is a business tycoon, who recently got into a controversy with Salman Khan over their earnings.
Raj gifted the actress an apartment in Dubai’s Burj Khalifa, the world’s tallest building. Shilpa & Raj Kundra are also the proud owner of a seven-bedroom property called ‘Raj Mahal’ in Weybridge, Surrey and they also own plush properties in Mayfair and Oxford Street, London.
Akshay Kumar has served as Canada’s tourism ambassador to India and so you would definitely expect him to own real estate in Canada. such is his fan-following in Canada, that he considers that north american country as his second home. He owns several properties (posh apartments and bungalows) in Canada, including an entire hill in Toronto. Akshay also owns a beautiful beach-side bungalow in Mauritius (his father-in-law Rajesh Khanna was among the first Bollywood stars to have filmed in Mauritius).
The royal couple love to holiday, especially Kareena Kapoor who’s just fascinated by Gstaad, Switzerland. They make it a point to visit the beautiful destination at least once in a year, and hence, the couple have bought themselves a beautiful chalet in Gstaad. A Swiss Chalet is a wooden house with overhanging leaves, typically found in the Swiss Alps.
Useful link: RBI’s (Reserve Bank of India) FAQ page on Overseas Direct Investments…