Tiger Shroff purchases property of Rs 7.5Cr in Pune, leases to beverage company
Bollywood sensation Tiger Shroff recently made headlines as he expanded his investment portfolio by acquiring a property in Pune’s bustling Hadapsar area. The property, spanning 4,248 sq ft, was purchased for a whopping Rs 7.5 crore from ASN Properties Private Limited on March 5. Accompanying the acquisition was a stamp duty payment of Rs 52.5 lakh, as indicated by the Assignment Deed.
Reports suggest that Tiger Shroff swiftly capitalized on his investment by leasing the property to a private firm specializing in beverages.
The lease agreement, entered into with Cherise India Pvt Ltd, extends over a period of five years, with a significant deposit of Rs 14 lakh. Moreover, the agreement incorporates a provision for a 5% annual rent escalation, underscoring the lucrative nature of the deal.
This acquisition in Pune complements Tiger Shroff’s existing real estate holdings, notably including an opulent 8 BHK apartment situated in Mumbai’s prestigious Khar area. Valued at nearly Rs 35 crore and located in the esteemed Rustomjee Paramount, this Mumbai property reflects the actor’s penchant for luxurious living.
Tiger Shroff’s foray into the real estate market mirrors a trend observed among Bollywood celebrities, with notable transactions documented in recent years. From Mrunal Thakur’s investment in Mumbai’s Andheri West area to Ranveer Singh’s sale of luxury flats in the city, the entertainment industry’s elite continue to diversify their investment portfolios, capitalizing on lucrative opportunities in the real estate sector.
