Pune Real Estate: Bollywood Star Tiger Shroff Acquires Rs 7.5 Crore Home in Pune


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    Pune Real Estate: Bollywood sensation Tiger Shroff has invested in a luxurious Rs 7.5 crore home in Pune city. The spacious property spans 4,248 square feet and forms a part of the esteemed Yoo Pune project situated in Hadapsar, developed by renowned local real estate giant Panchshil Realty.

    Shroff finalized the purchase with a stamp duty payment of Rs 52.5 lakh during the registration process on March 5, 2024, as per documents sourced from real estate database platform Zapkey.

    Excitingly, the property has already been leased out, fetching the actor a handsome rental income of INR 3.5 lakh per month. This move stands out, considering the modest rental yields typically seen in residential properties across India. Shroff’s five-year rental agreement promises an attractive yield exceeding 5 percent. The tenant, Cherise India Private Limited, specializes in the beverage business.

    In addition to his new Pune investment, Shroff also owns an opulent eight-bedroom apartment located in the Mumbai suburb of Khar. This lavish residence, nestled within Rustomjee Paramount, holds an impressive value of nearly Rs 35 crore.

    Reflecting on his family’s past challenges, Shroff has previously shared the story of his parents, Jackie Shroff and Ayesha Shroff, having to sell their home in 2003 following the underwhelming performance of their Bollywood production, Boom, at the box office.

    This experience has instilled in the actor-dancer the importance of owning a home, making it a top priority as he embarked on his Bollywood journey. Joining a league of Bollywood luminaries who view real estate as a secure investment avenue, Shroff follows in the footsteps of stars like Akshay Kumar and Ajay Devgn, both known for their active participation in the real estate market and robust investment portfolios.

    Also read : The Influence of Education on Real Estate Market Trends

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