Bollywood actor Ranveer Singh and his father Jugjeet Sundersingh Bhavnani have purchased two luxurious, sea-facing residential items – a sixteenth flooring residence and a triplex from the seventeenth to nineteenth flooring – at “Sagar Resham” constructing in Mumbai’s upscale Bandra Bandstand space, for INR118.94 crore (RM6.6mil).
The property, which comes with 19 automotive parks and a spacious terrace, has been purchased by way of Oh Five Oh Media Works LLP, wherein each Singh and Bhavnani are administrators. The household has purchased it from the builder Enorm Nagpal Realty LLP.
Together, the residences are sprawled throughout 11,266 sq ft of carpet space, with a 1300 sq ft terrace. The deal was concluded at simply over INR1 lakh (RM5,571) per sq ft.
The transaction was registered on July 8.
Property analysts mentioned that the residential residences would in all probability be amalgamated to type a quadruplex, combining all of the 4 non-public items.
Bandra Bandstand is a high-profile residential stretch, and the Sagar Resham constructing, which has four- and five-bedroom residences, is a stone’s throw from the residences of common Bollywood actors Shahrukh Khan and Salman Khan.
“Bandra-Juhu belt has been the favorite amongst tinsel city. Therefore, we aren’t stunned by this transaction.
“The Bandstand location is particularly probably the most wanted, with the likes of Superstars Salman Khan and Shah Rukh Khan, residing within the neighborhood.
“Indextap foresees many extra such high-end property offers being within the works and the posh residential market to proceed to carry out nicely, regardless of concern of potential world recession,” mentioned Abhishek Kiran Gupta, CEO and co-founder, CRE Matrix and Indextap.
Bhavnani and Sagar Dewan, a chosen accomplice at Enorm Nagpal Realty, did not reply to electronic mail queries.
Luxury properties in Mumbai, the nation’s most respected property market, have continued to see relentless demand particularly given restricted provide in premium neighbourhoods.
While south Mumbai areas corresponding to Worli proceed to be see high-profile gross sales, upscale properties in suburban areas corresponding to Bandra and Juhu have additionally seen excessive demand. – The Mint/Tribune News Service