Bollywood Heir's Luxury Investment: Aryan Khan Snags ₹37 Crore Property in Delhi
Aryan Khan's recent property purchase in South Delhi's Panchsheel Park adds to his family's existing property portfolio. The sentimental value of the home is high, thanks to Gauri Khan's exclusive design.
Aryan KhanShah Rukh KhanLuxury Real EstateDelhi PropertyBollywoodReal EstateJul 28, 2024
The deal, registered in May 2024, saw Aryan shell out ₹2.64 crore as stamp duty. Industry experts consider this a rare high-value transaction by a Bollywood celebrity in Delhi. In recent years, only a few such transactions have taken place, including the sale of Amitabh Bachchan's Gulmohar Park property for around ₹23 crore. What makes this property special is its emotional significance for the Khan family, particularly for Gauri Khan, who designed the home. Delhi holds a special place in the hearts of Shah Rukh and Gauri, as it is where they first met.
The areas surrounding Rashtrapati Bhavan and South Delhi have witnessed a surge in high-value transactions since the Covid lockdown was lifted, with entrepreneurs and ultra-high-net-worth individuals seeking larger, luxurious homes in the city's upscale colonies. The past year has seen a significant increase in the wealth of high-net-worth individuals, which has, in turn, driven the demand for super luxury homes. Real estate experts predict that the scarcity of such properties available for outright sale near Lutyens' zone, combined with rising demand, will ensure that prices remain high, despite market fluctuations in other parts of Delhi.
Frequently Asked Questions
How much did Aryan Khan pay for the two floors in Panchsheel Park?
Aryan Khan paid ₹37 crore for the two floors in Panchsheel Park.
What is the sentimental value of the property for the Khan family?
The property holds emotional significance for the Khan family, particularly Gauri Khan, who designed the home, and Shah Rukh Khan, as Delhi is where they first met.
What is the current trend in the Delhi real estate market?
The Delhi real estate market has seen a surge in high-value transactions, particularly in upscale colonies, driven by the increasing wealth of high-net-worth individuals.
What is the predicted impact of market fluctuations on the prices of luxury properties in Delhi?
Real estate experts predict that prices of luxury properties in Delhi will remain high, despite market fluctuations, due to the scarcity of such properties available for outright sale near Lutyens' zone.
How much stamp duty did Aryan Khan pay for the property purchase?
Aryan Khan paid ₹2.64 crore as stamp duty for the property purchase.
Related News Articles
Unleashing the Potential of Indian Real Estate: A Key to Viksit Bharat
India's real estate sector is poised to become the primary economic engine of the country
Dwarka Expressway: Real Estate Market Thrives in Delhi-NCR
The strategic location, rising property values, and emphasis on premium developments have made the Dwarka Expressway a highly sought-after area in Delhi-NCR. The real estate market is booming, and investors are seeing significant returns on their investme
Navbharat Mega Developers: The New Name for Dharavi Redevelopment Project
Mumbai-based Dharavi Redevelopment Project has been rebranded as Navbharat Mega Developers Pvt Ltd (NMDPL). This change comes in the wake of Adani Properties' significant involvement in the real estate sector, as reported.
Real Estate Sector Awaits Union Budget 2025-26 for Reforms to Boost Growth and Affordability
The real estate sector is hopeful about the Union Budget 2025-26, expecting reforms that will enhance homebuyers' affordability and ease liquidity constraints in the market.
Big B Says Goodbye to His Lavish Duplex Home in Mumbai
Mumbai: Bollywood actors are increasingly showing interest in real estate and investments, with many buying or selling high-value properties. One such notable transaction involves veteran actor Amitabh Bachchan, who has recently bid farewell to his opulen
Why Karnataka is the Perfect Place for Property Investment
Discover why Karnataka stands out as the top state for real estate investments in India, thanks to its booming job market and high demand for rental properties.