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Bollywood Stars Investing in Properties Abroad

 

Mere mortals, and even those who have money to burn, might want to take the cue from Bollywood stars expanding their horizons… literally… by acquiring real estate properties abroad. Talk about “going places”.

This growing trend was started by celebrities who often stay away from their home country for most part of the year, which made it not only logical but practical as well for them consider investing in properties abroad.

Take the case of actor Shah Rukh Khan who has reportedly bought an apartment in Central London’s posh Park Lane area for a whopping £20 million. The purchase is reportedly the highest ever paid by any Bollywood actor for a property abroad.

Khan also has a villa in Palm Jumeirah, an exclusive man-made island off the coast of Dubai, although the property was apparently a gift given to him.  

Another Khan, Salman this time, is also rumored to have a property in Dubai. He is also known to make frequent trips there, hence the need for a “nest”.

In the US front, actress Mallika Sherawat, who frequents Los Angeles, has also reportedly purchased a property there.

Actress Shilpa Shetty, who is married to a UK based businessman, Raj Kundra sums it all for us by explaining, “I do intend to buy property there (in UK). It’s a matter of practical convenience. If I’m going to be spending a large chunk of my time there I might as well get my own apartment in London, right? Far more practical than staying in a hotel.”

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  1. […] Bollywood Stars Investing in Properties Abroad Mere mortals, and even those who have money to burn, might want to take the cue from Bollywood stars expanding their horizons… literally… by acquiring real estate properties abroad. Talk about “going places”. This growing trend was started by celebrities who often stay away from their home country for most […] Read more on Showbiz Renegade […]

 
 

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