News|May 1, 2010 11:52 pm

Karan Johar’s New Home is Sea Facing

It’s easy for celebrities to invest in real-estate business, as this time Karan Johar has bought sea-facing flat at Carter Road in Bandra, is among the many celebrities who are on a real estate buying spree.

Though its exact price is still unknown, the 8,000-sq-ft duplex flat is estimated to have cost at least Rs 40,000 per sq ft. Johar’s apartment. Karan’s flat is located on the top two floors of the 12-storey building.

The real-estate business has been growing among Bollywood stars. Kiran Rao, ex-wife of actor Aamir Khan, has been scouting for office space around Khar-Santacruz. Broker, who is taking care of the real-estate business among celebrities,

“Many of them had, in the recent past, been shying away from investing in real estate due to the financial slowdown. Now that the market is moving north, many are hopping aboard the bandwagon. Rumours in the glam circuit have it that actress Katrina Kaif, who plans to move out of her house, is doing the rounds to get herself a new abode.