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.
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