Introduction:

In a touching display of familial love, Bollywood icon Amitabh Bachchan has bestowed his iconic residence, Prateeksha, nestled in Mumbai’s Juhu, upon his daughter, Shweta Nanda. Verified through property documents accessible via Zapkey, this significant transfer of ownership stands as a poignant gesture from the seasoned actor.

The Gift Deed:

Officially documented on November 8, the property, spanning two plots totaling 890.47 sq m and 674 sq m, was formally gifted. The transaction, carrying the weight of this familial legacy, entailed a stamp duty payment of Rs 50.65 lakh, meticulously detailed in the gift deed documents. Both plots seamlessly integrate into the Vithal Nagar Cooperative Housing Society Ltd, further enhancing the historical significance of Prateeksha.

Legacy and Family Ties:

Named by Amitabh’s father, the esteemed poet Harivansh Rai Bachchan, Prateeksha holds a sacred place in the actor’s heart. Revealing the backstory on the reality show ‘Kaun Banega Crorepati,’ Amitabh shared the essence behind the bungalow’s name, quoting his father’s poem that welcomes all without holding a wait for anyone.

Commercial Ventures:

In a strategic move within the real estate realm, Amitabh expanded his portfolio earlier this year. Acquiring four units on the 21st floor of a commercial complex in Andheri, Mumbai, at an investment of Rs 7.18 crore each, reflects the actor’s astuteness in navigating the commercial real estate market. This trend, embraced by several Bollywood luminaries, capitalizes on the superior annual rental yields offered.

Past Real Estate Endeavors:

A notable investment in 2020 saw Amitabh acquire a 5,184 sq ft property valued at Rs 31 crore in the Atlantis project by the Crystal Group. Demonstrating financial prudence, he registered the property in April 2021, capitalizing on the Maharashtra government’s stamp duty waiver until March 31, 2021.

In 2022, the sale of a property in South Delhi named ‘Sopaan,’ formerly the residence of his parents, fetched Rs 23 crore. The buyer, Avni Bader, CEO of the Nezone group of companies and a longstanding acquaintance of the Bachchan family, marked another significant chapter in the actor’s real estate ventures.

Conclusion:

Amitabh Bachchan’s act of passing on Prateeksha to his daughter transcends a mere legal transaction; it embodies the transfer of cherished memories and a family legacy. As this iconic bungalow remains intertwined with the Bachchan narrative, it serves as a symbol of enduring ties binding generations within this illustrious family.