In one of many largest residential condominium offers within the nation, Bollywood actor Ranveer Singh has purchased a sea-facing quadruplex in suburban Bandra for Rs 119 crore, trade sources mentioned on Monday.
The actor has purchased the condominium unfold throughout flooring 16, 17, 18 and 19 of Sagar Resham, a constructing at Bandstand within the shut neighborhood of Shah Rukh Khan’s bungalow ‘Mannat’ and Salman Khan’s pad in Galaxy Flats.
Oh 5 Oh Media Works LLP, an organization which has Singh and his father Jugjeet Bhavnani as administrators, has purchased the condominium within the constructing which is beneath building after redevelopment. The deal has a customisation part whereby the builder will make the 4 flooring as per the preferences of the actor, the sources mentioned.
Queries despatched to Singh’s representatives didn’t elicit a response.
A stamp obligation of over Rs 7 crore has been paid for the transaction, which incorporates the acquisition of 11,266 sq ft house, an unique 1,300 sq ft terrace and 19 parking tons, the sources mentioned. The per sq. toes value works out to round Rs 1 lakh.
The quadruplex is prone to function the first dwelling for Singh and his actor spouse Deepika Padukone. Sources mentioned they have been out there for almost three years now with a mandate to search for an unbiased bungalow in Juhu and Bandra localities the place lots of celebrities keep.
Final 12 months, the couple had purchased a second dwelling at Alibag for Rs 22 crore.
At current, Sagar Resham doesn’t boast of marquee names who can be neighbours of the star couple, sources added.
When contacted, actual property consultancy agency JLL India’s senior director and head (west) for residential companies, Ritesh Mehta, mentioned the worth paid by the actor is as per the market pattern. A property at this location instructions a value of Rs 90,000-Rs 1.10 lakh per sq. toes.
Mehta additionally mentioned many builders have been shopping for previous bungalows within the sea-facing areas of Bandra and Juhu, hoping for a leisure within the coastal regulation zone (CRZ) norms, which is able to result in provide of extra residences within the space within the occasions forward.
(Apart from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
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