entertainment news

Big B Strikes a Melodious Deal: Renting Office Space to Warner Music India

Written by Hunny Bhadreshvara

Bollywood veteran Amitabh Bachchan, ever the multi-faceted icon, has swapped acting scripts for property contracts in a recent business move. He’s rented out four swanky office spaces in Mumbai’s Oshiwara district, hitting a high note with the tenant – none other than music giant Warner Music India.

This ain’t your average rental agreement, folks. We’re talking a five-year lease spanning approximately 10,000 square feet of prime real estate, fetching Big B a cool Rs 2.07 crore annually. And that’s not all – Warner Music sweetened the deal further by plonking down an additional Rs 1.03 crore as security deposit. Talk about making music to the landlord’s ears!

This strategic move by Bachchan highlights the growing trend of Bollywood stars diversifying their portfolios. Who knew the Shehenshah of cinema would also become a real estate maestro? He acquired these Oshiwara properties back in August for a reported Rs 7.18 crore, and now with this lease agreement, he’s ensured a steady stream of income for the next five years.

The deal comes with a three-year lock-in period and throws in 12 parking slots for good measure. And if that wasn’t enough, the official stamp duty of Rs 2.88 lakh paid in November serves as a testament to the seriousness of this business accord.

This isn’t just about making money, though. By partnering with Warner Music India, Bachchan indirectly contributes to the thriving Mumbai music scene, providing a world-class space for creativity to flourish. Who knows, maybe some chart-topping hits will be born within these very walls!

While Big B’s recent film Ganapath may not have set the box office on fire, his off-screen ventures are certainly hitting the right notes. With a packed roster of upcoming projects like Kalki 2898 AD and Vettaiyan, and now this lucrative real estate deal, it’s safe to say that the Shahenshah continues to reign supreme, both on and off the silver screen.

So, next time you hear a catchy tune, spare a thought for the ever-adapting Amitabh Bachchan – the actor, the host, and now, the savvy real estate investor. He’s a man who truly knows how to strike a deal, proving that even in the ever-changing world of entertainment, the oldies still know how to make sweet music, both literally and figuratively.

Total 0 Votes

Tell us how can we improve this post?

+ = Verify Human or Spambot ?

About the author

Hunny Bhadreshvara

Leave a Comment