Abhishek Bachchan has leased out the ground floor of his prestigious Juhu bungalow, Ammu and Vats, to the State Bank of India (SBI). This prime piece of real estate is located in a high-value area, ensuring a substantial and consistent income stream for the actor and his family. Leasing such a high-end property shows Abhishek's smart investment decisions beyond his Bollywood career.
The lease agreement with SBI extends over 15 years, which provides long-term financial security. This deal ensures the Bachchan family a steady inflow of income for a considerable period. Such long-term leases are often sought after, as they offer both parties stability and reliability, making this a significant asset for the Bachchans.
As part of the deal, Abhishek currently earns a hefty Rs 18.9 lakh per month in rent from SBI. This impressive sum adds a solid stream of income to his earnings, complementing his ventures in the film industry and other business pursuits.
According to reports from Zapkey.com, the lease agreement comes with planned rent escalations. After the first five years, the rent will increase to Rs 23.6 lakh per month, and after ten years, it will rise further to Rs 29.5 lakh. This ensures that the value of the property continues to grow, offering Abhishek even higher returns as time progresses, further securing his financial future.
The property leased to SBI is located near the Bachchan family’s iconic Jalsa residence, further enhancing its appeal. Spread across 3,150 square feet, this prime location in Juhu, Mumbai, is one of the most desirable in the city, making it a valuable asset for any commercial lease agreement.
Aside from his career in films, Abhishek has diversified his income through smart business ventures and real estate investments. This deal with SBI is a perfect example of how he has expanded his financial portfolio by tapping into lucrative real estate opportunities, ensuring long-term wealth creation.
With the periodic rent hikes built into the lease agreement, Abhishek is set to earn even more in the years to come. This growing rental income strengthens his already impressive financial standing, positioning him for continued financial growth in the future, thanks to this strategic investment in his property.