Bollywood actor Kajol Devgan has made a significant investment by purchasing commercial retail space in Mumbai’s Goregaon for Rs 28.78 crore. The space, located on the ground floor of a residential tower, covers 4,365 sq ft and is valued at Rs 65,940 per sq ft. The deal, registered on March 6, also includes stamp duty charges of approximately Rs 1.72 crore. Kajol will have exclusive access to four designated car parking spaces as part of the agreement.
This move aligns with the growing trend among high-net-worth individuals and celebrities who are increasingly investing in commercial real estate for stable rental yields and long-term capital appreciation. Kajol had previously purchased an office space in Andheri’s Oshiwara locality for Rs 7.64 crore in August 2023. Her husband, actor Ajay Devgan, also invested in commercial properties in the same building, acquiring five office spaces for Rs 45 crore in April 2023.