In 2007, Amitabh Bachchan reportedly bought roughly 5.7 acres near Shahpur close to GIFT City for about ₹7 crore. Today, the same land is estimated to be worth about ₹210 crore. Abhishek Bachchan has entered a development partnership to build a large luxury residential, retail, and office project while the family retains ownership of the land.
The original purchase: basics and context
Amitabh Bachchan’s land purchase dates to the late 2000s. At that time, the plot was on the edges of planned development. The price was modest relative to today’s market. Importantly, this acquisition came when GIFT City was still a concept. For context, the area was being positioned by the state as a future financial and business hub. Thus, the plot was a long-term speculative bet that paid off materially.
Size and location
The land is reported to be around 5.72 acres, located in Shahpur near GIFT City in Gujarat. This location sits between Ahmedabad and Gandhinagar and adjoins the developing GIFT City corridor. The proximity matters because GIFT City is intended to be an international finance and business district. As a result, land close to its perimeter has become highly desirable for mixed-use and premium projects.
Why is the value multiplied
Several factors drove the steep rise in land value.
First, GIFT City’s positioning as India’s first operational IFSC increased long-term demand for office and residential space nearby.
Second, infrastructure investments — roads, utilities, and dedicated zones — improved site readiness and market confidence.
Third, investor interest in Gujarat and the wider Ahmedabad-Gandhinagar region rose as corporate relocations and financial services grew.
Fourth, limited supply of large contiguous parcels near GIFT City magnified price appreciation for any available land.
Together these forces convert a modest 2007 price into a large current valuation.
The new development plan: partners and model
Abhishek Bachchan has moved to convert this strategic asset into an active project. The reported arrangement is a commercial partnership with established developers who will plan, design, and execute the project. Under the reported structure, the Bachchan family retains the land while the developer partners invest in construction and manage sales and marketing. Revenue sharing or profit participation is the likely economic model. The proposed program mixes luxury residential units, premium office space, and branded retail — targeting high net-worth buyers and institutional leasing demand.
The planned built-up area is being reported in excess of one million square feet. For developers, this scale offers economies in construction and marketing. For the Bachchan family, it converts a passive asset into recurring and transaction revenue. For the local market, the project could set a premium benchmark for pricing and amenities near GIFT City.
Importantly, the project intends to capture demand from corporate executives, expatriates working in IFSC businesses, and affluent domestic buyers seeking quality apartments and branded retail.
Timeline and execution risks
Large mixed-use projects typically run through several phases: approvals, design, construction, pre-sales, and handover. Each phase carries risks. First, statutory approvals (zoning, environment, utilities) can delay start dates. Second, construction costs could rise, squeezing margins. Third, market demand can fluctuate; premium sales slow during economic headwinds. Fourth, logistical issues around labor and supply chains can push timelines. Therefore, while the land position is strong, the final financial outcome depends on disciplined execution and market timing.
Wider impact on GIFT City and the local market
If the project sells or leases well, it could lift nearby land values. Conversely, if the development fails to meet expectations, it may signal caution. In general, celebrity-backed projects generate media attention. That attention can accelerate interest and buyer footfall. More importantly, a successful high-quality development near GIFT City would support the area’s maturation as a premium urban node beyond purely office functions.
Financial snapshot (simple estimate)
Original cost (reported): ~₹7 crore (2007). Current estimated land value (reported): ~₹210 crore. Implied multiple: ~30x on the land value over roughly 15–18 years. Note that these figures are headline estimates and will vary by exact parcel size, encumbrances, and valuation methodology. The project’s ultimate returns will combine land value appreciation plus development profit and recurring income streams from leasing or services.
What to watch next
Watch for official filings or press releases that confirm the development partnership, project master plan, and timelines. Also, watch municipal approval updates and any pre-sales announcements. Those milestones will convert speculation into verifiable progress and allow clearer financial modeling.
Amitabh Bachchan’s early land purchase near GIFT City is a textbook example of long-term property appreciation driven by strategic infrastructure and policy decisions. Now Abhishek Bachchan aims to unlock the value through a large mixed-use development. The opportunity looks promising given the land’s location. Yet execution risks remain. Ultimately, success will rest on approvals, cost control, market demand, and delivery quality.
