According to the records of the transaction accessed by IndexTap, entertainer Ranveer Singh paid Rs 119 crore for a sea-view quadruplex accommodation in the ultra-luxury Sagar Resham on Bandstand building in Mumba Bandra West. And this is what makes it one of the most pricey deals for a solitary residential house in the entire nation.
The condo was purchased from Enorm Nagpal Realty LLP by a company called Oh Five Oh Media Works LLP, in which entertainer Ranveer Singh Bhavnani and his father Jugjeet Sundersingh Bhavnani serve as filmmakers. Total stamp duty for the two-part transaction paid in the amount of Rs 7.13 crore.
The apartment has a net carpet space of 11,266 square feet and a private balcony that is 1,300 square feet. It is located on the 16th, 17th, 18th, and 19th floors of the tower. Under the current property prices in the area, the deal is worth more than one lakh per square foot.
According to Abhishek Kiran Gupta, CEO of CRE Matrix and Indextap, Bandra-Juhu belt has been the choice of tinsel town. Hence, this transaction does not amaze us. B-town Celebrities like Salman Khan and Shahrukh Khan live nearby. Moreover, the Bandstand area is especially in high demand.
Since the property also includes a large patio and many parking spaces, the transaction completed at little over a Rs. 1 lakh per sq. ft. cost.
Shahrukh Khan, the star of the Bollywood film industry, is now Ranveer Singh’s neighbour. Ranveer’s most recent acquisition because the flat is next to Mannat on the same road.
In a super-premium residential tower, Siddharth Jain, director of INOX Leisure, recently purchased a luxurious quadruplex apartment with a sea view for Rs. 144 crore in Worli, a posh neighbourhood in Mumbai. The apartment was a combination of Raheja Legendary apartments on levels 42, 43, 44, and 46.