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Tuesday, December 06, 2022

Ranveer Singh and Deepika Padukone’s new Rs 119 Crore property is 4 floors in this Mumbai apartment complex

Ranveer Singh And Deepika Padukone's New Rs 119 Crore Property Is 4 Floors In This Mumbai Apartment Complex

Anveer Singh and Deepika Padukone photographed at the airport

In one of the biggest residential apartment deals in the country, Bollywood actor Ranveer Singh has bought a waterfront quadruplex in the suburb of Bandra for Rs 119 crore, industry sources said on Monday.

The actor bought the apartment spread across the 16th, 17th, 18th and 19th floors of Sagar Resham, a building in Bandstand in close proximity to Shah Rukh Khan’s ‘Mannat’ bungalow and Salman Khan’s apartment at Galaxy Apartments.

Oh Five Oh Media Works LLP, a company that has Singh and his father Jugjeet Bhavnani as directors, bought the apartment in the building that is under construction after the renovation. The deal has a customization component where the builder will make the four floors according to the actor’s preferences, the sources said.

Questions sent to Singh’s representatives went unanswered.

A stamp duty of more than Rs 7 crore was paid for the transaction, which includes the purchase of an 11,266 square foot space, an exclusive 1,300 square foot terrace and 19 parking lots, the sources said. The price per square meter is around Rs 1 lakh.

The quadruplex will likely serve as the main home for Singh and his wife, actor Deepika Padukone. Sources said they had been in business for nearly three years with a mandate to look for an independent bungalow in Juhu and Bandra, where many celebrities stay.

Last year, the couple bought a second house in Alibag for Rs 22 crore.

At the moment, Sagar Resham does not boast of famous names that will be neighbors of the star couple, sources added.

When contacted, senior director and (west) head of residential services at real estate consulting firm JLL India, Ritesh Mehta, said that the price paid by the actor is in line with the market trend. A property at this location is priced at Rs 90,000-Rs 1.10 lakh per square meter.

Mehta also said many developers are buying older bungalows in the waterfront areas of Bandra and Juhu, hoping for a relaxation in coastal regulation zone (CRZ) regulations, which will lead to more apartments being offered in the area in the near future. .

(Except for the headline, this story was not edited by the NDTV staff and is published from a syndicated feed.)

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