Bollywood Legend Dilip Kumar's Iconic Pali Hill Bungalow Sold for a Whopping Rs 155 Crores
The luxurious triplex apartment of the late actor has been sold to a renowned construction company, Apco Infratech Pvt Ltd, after a long legal battle.
Dilip KumarPali HillBollywoodReal EstateMumbaiReal Estate MumbaiJul 26, 2024
The property, which was registered on July 23, comes with a stamp duty of Rs 9.3 crores. According to reports, the new owners plan to redevelop the building into a 11-floor structure, featuring lavish spaces and duplex apartments. As a tribute to the late actor, a 2,00 sq ft museum will be dedicated to Dilip Kumar and his wife, Saira Banu, will be curating it.
The bungalow has a rich history, having been purchased by Dilip Kumar in 1953 for Rs 1.4 lacs. The actor lived in the property for over 50 years, until his passing in 2021. However, the plot was embroiled in legal disputes for several years, with Dilip Kumar's family accusing a real estate firm of forging documents to take over the property.
After a long court battle, Saira Banu finally got back the keys to the property in 2017. With the dispute now cleared, the property has been sold, marking the end of a long and tumultuous chapter.
Dilip Kumar's love story with his wife, Saira Banu, was one for the ages. On his death anniversary this year, Saira Banu penned a heartfelt love letter to him on Instagram, sharing intimate details about their life together. She wrote about how Dilip Kumar would often suffer from insomnia, but would sleep soundly once they got married.
Information
Apco Infratech Pvt Ltd is a reputed construction company known for its luxurious projects in Mumbai. With this purchase, the company plans to redevelop the property into a high-end residential complex.
Dilip Kumar was a legendary Indian film actor, producer, and philanthropist. He is widely regarded as one of the greatest actors of Indian cinema, known for his iconic roles in films like 'Andaz' and 'Mughal-e-Azam'.
Frequently Asked Questions
Who purchased Dilip Kumar's Pali Hill bungalow?
Apco Infratech Pvt Ltd, a reputed construction company, purchased the property for Rs 155 crores.
What is the area of the triplex apartment?
The triplex apartment spans an impressive 9,527.21 sq ft.
Why was the property embroiled in legal disputes?
The property was embroiled in legal disputes due to accusations of a real estate firm forging documents to take over the property.
What is being planned for the property?
The new owners plan to redevelop the property into a 11-floor structure, featuring lavish spaces and duplex apartments, with a dedicated museum to Dilip Kumar.
When did Dilip Kumar purchase the property?
Dilip Kumar purchased the property in 1953 for Rs 1.4 lacs.
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