What is Abhishek Bachchan's new real estate project?

Abhishek Bachchan is developing a luxury project in GIFT City, Gandhinagar, featuring residential, office, and retail spaces.

How much is the land near GIFT City worth now?

The land, purchased by Amitabh Bachchan for Rs 7 crore in 2007, is now valued at approximately Rs 210 crore.

Who is partnering with Abhishek Bachchan for the GIFT City development?

Abhishek Bachchan has entered into a profit-sharing agreement with producer and real estate mogul Anand Pandit.

Home / Business and Economy / Abhishek Bachchan Builds on Dad's Rs 7 Cr Land Gift

Abhishek Bachchan Builds on Dad's Rs 7 Cr Land Gift

12 Jan

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Summary

Abhishek Bachchan partners for luxury project in GIFT City.
Land bought by Amitabh Bachchan in 2007 for Rs 7 Cr now valued at Rs 210 Cr.
Project to feature residential, office, and retail spaces over one million sq ft.

Abhishek Bachchan Builds on Dad's Rs 7 Cr Land Gift

Abhishek Bachchan is embarking on a significant real estate venture in GIFT City, Gandhinagar, Gujarat. He has partnered with producer Anand Pandit to develop a massive project featuring luxury residential, office, and retail spaces spanning over one million square feet of built-up area. The development is situated on land originally purchased by Amitabh Bachchan over a decade ago when he served as Gujarat's brand ambassador.

The land parcel, located near GIFT City in Shahpur village, was acquired by Amitabh Bachchan for Rs 7 crore. Astonishingly, its current valuation has soared to an estimated Rs 210 crore, representing a remarkable Rs 203 crore increase in value over approximately 15 years. This surge in land value has reportedly boosted investor confidence in the region, contributing to its overall development.