Bollywood stars, corporate bosses fire up Mumbai, Delhi luxury house mkts

Experts attribute the trend to stamp duty cut by Maharashtra govt, reduction of prices by developers saddled with unsold inventory

Call it a cut in prices of apartments, slash in stamp duty last year, spike in online/offline content on over-the-top platforms, or booming stock markets, but there has been a spurt in the purchase of luxury homes by actors and corporate czars in Mumbai since 2021.

Early this week, actor Madhuri Dixit made headlines for buying an apartment for Rs 48 crore in the plush Indiabulls Blu property in Worli.

Such large property deals, adding up to as much as Rs 1,921 crore in total, have been undertaken by actors and corporate chieftains in Mumbai alone, according to data aggregated by IndexTap