It’s official: Actor Ranveer Singh has bought himself a luxurious in Mumbai. So now Ranveer Singh has become SRK’s neighbor.
The actor, who has been living in apartments in Mumbai since his rise to stardom, has now taken the plunge, and recently, Ranveer Singh bought a luxurious quadruplex worth Rs 119 crore in Mumbai and became Shah Rukh Khan’s neighbor. IndexTap accesses the documents of the transaction. This ultra-luxury apartment is located in Sagar Resham on the bandstand building in Mumbai Bandra West.
It is the most expensive deal for a single residential apartment in the entire nation. The apartment was purchased from Enorm Nagpal Realty LLP by a company called Oh Five Oh Media Works LLP, in which actor Ranveer Singh Bhavnani and his father Jugjeet Sundersingh Bhavnani serve as directors. Total stamp duty for the two-part transaction was paid for Rs 7.13 crore.
The apartment has a total carpet space of 11,266 square feet and a private patio of 1,300 square feet. It is located on the tower’s 16th, 17th, 18th, and 19th floors. The deal is worth more than one lakh per square foot by the current property prices in the area. This apartment is fully covered by CCTV security.
According to Abhishek Kiran Gupta, CEO, and co-founder of CRE Matrix and Indextap, “Bandra-Juhu belt has been the choice of tinsel town. Therefore, this transaction does not surprise us. With celebrities like Salman Khan and Shahrukh Khan living nearby, the Bandstand area is especially in high demand.
There are lots of flats in Mumbai; since the property also includes a large patio and multiple parking spaces, the deal was completed at a little over Rs. 1 lakh per sq. ft. cost, according to Abhishek Kiran Gupta, CEO, and co-founder of CRE Matrix &Indextap.
Shahrukh Khan, the star of the Bollywood film industry, is now a neighbor thanks to Ranveer’s most recent acquisition because the flat is close to Mannat, the King Khan house, on the same road.
According to the report on real estate,
Regarding sales volume, India’s residential real estate sector had a 9-year high in the first half of 2022. (January-June).
Compared to 99,416 housing units in the first half of 2021, the residential space increased by 60 percent annually to 158,705 housing units across the top eight cities in the nation.
Such amounts were previously recorded in 2013. Launches of new homes saw an increase of 160,806 units, or 56 percent, from January to June 2022.
The Indian market had an outstanding performance and significant growth in the commercial office category, recording deals of 25.3 million square feet, an increase of 107%. It demonstrated the market’s potential on the strength of a receding epidemic and the prospect of a robust economic rebound.
The project is a high-end, one-of-a-kind Bandstand development that benefits from Shahrukh Khan’s proximity. In a super-premium residential tower on Dr. Annie Besant Road, Siddharth Jain, director of INOX Leisure, recently purchased a luxurious quadruplex apartment with a sea view for Rs. 144 crores in Worli, a posh neighborhood in Mumbai. The apartment was a combination of Raheja Legend apartments on levels 42, 43, 44, and 46.
The family of Bollywood producer and filmmaker BR Chopra sold a 3,278 square meter bungalow in Mumbai’s Juhu neighborhood to Feat Properties Pvt Ltd, a K Raheja Corp affiliate, for Rs 182.75 crore in May 2022.
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