REVEALED: Land bought by Amitabh Bachchan for Rs 7 cr in 2007 near GIFT City, Gujarat now valued at WHOPPING Rs 210 cr; Abhishek to build massive project on the same land
On January 10, it emerged that Abhishek Bachchan is set to enter the real estate space with a project in GIFT City, Gandhinagar, Gujarat. He has entered into a profit-sharing agreement with producer and real estate mogul Anand Pandit for the development, which aims to create luxury residential, office and retail spaces spanning over one million sq ft of built-up area. Interestingly, reports also stated that the complex will come up on land purchased by Amitabh Bachchan over a decade ago, when he was Gujarat’s brand ambassador. Anand Pandit told Mid-Day that Amitabh has gifted the land to Abhishek. Meanwhile, further reports have surfaced about the land’s valuation then, and what it is estimated to be worth today. As per an article in Bhaskar, Amitabh Bachchan bought the land parcel for Rs. 7 crores from Virambhai Rudabhai Gamara of Chandlodiya, Ahmedabad. It is located at Shahpur village, very close to GIFT City. The deal was carried out by Rajesh Rishikesh Yadav, Managing Director o...
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