According to the documents of the transaction accessed by IndexTap, actor Ranveer Singh paid Rs 119 crore for a sea-view quadruplex apartment in the ultra-luxury Sagar Resham on Bandstand building in Mumbai Bandra West, making it one of the most expensive deals for a single residential apartment in the entire nation. The house 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 terrace of 1,300 square feet. It is located on the tower’s 16th, 17th, 18th, and 19th floors. Following the current property prices in the area, the deal is worth more than one lakh per square foot.
CRE Matrix and Indextap’s CEO and co-founder, Abhishek Kiran Gupta, said, “Bandra-Juhu belt has been the favourite among tinsel town. Therefore, we are not surprised by this transaction. The Bandstand location is especially sought after, with superstars Salman Khan and Shahrukh Khan residing in the vicinity. This deal was concluded at just over a ₹1 lakh per sq. ft. rate, as the property has a spacious terrace and several car parks, further augmenting the luxury deal.”
Due to the apartment’s proximity to King Khan’s house Mannat on the same stretch of property as Ranveer’s most recent purchase, Shahrukh Khan is now a neighbour.
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 suburb 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 neighbourhood to Feat Properties Pvt Ltd, a K Raheja Corp company for Rs 182.75 crore in May 2022.