In a heartwarming display of familial love, Bollywood legend Amitabh Bachchan and his wife Jaya have recently gifted their iconic Juhu bungalow, Pratiksha, valued at a staggering Rs 50 crore, to their daughter Shweta Nanda. This unexpected gesture has left many wondering about the reasons behind this significant decision. Let’s take a closer look at why Amitabh Bachchan chose to part with this historic residence.
Pratiksha, spanning over 17,000 sqft, has been a witness to decades of Bachchan family memories. The property deed, revealing the transfer of ownership to Shweta Nanda, was finalized earlier this month. Amitabh’s stamp duty payment of Rs 50.7 lakh formalized the gift, carried out through two gift deeds, adding a layer of significance to the gesture.
The Bachchans made Pratiksha their home in 1976, marking the beginning of a long and cherished history with the iconic bungalow. Alongside Pratiksha, the family owns other notable properties in Mumbai, reflecting not only their status but also their deep-rooted connection with the city.
Beyond residential spaces, the Bachchan family’s ties with Juhu extend to expansion plans. Earlier this year, Jaya Bachchan proposed additional construction and alterations to another property in the area. This move signifies a commitment to enhancing and preserving the family legacy in the bustling city.
Amitabh Bachchan, in a sentimental blog post, shared the story of how his father, the esteemed poet Harivansh Rai Bachchan, bestowed the name Pratiksha upon their home. The name, inspired by a line from his father’s works, signifies a warm welcome to all, embodying the essence of their familial bonds.
The Big Question: Why?
As we ponder the reasons behind this generous gift, it’s essential to recognize that family decisions often carry a depth of sentiment and tradition. Perhaps, for the Bachchans, passing on the legacy of Pratiksha to the next generation symbolizes not just a property transfer but a continuation of the rich history and emotional ties they share.