Bollywood Legend Dilip Kumar's Triplex Apartment Sold for Record ₹172 Crore in Mumbai's Pali Hill
Dilip Kumar's sea-view triplex apartment has been sold for a record ₹172 crore in Mumbai's Pali Hill area, fetching ₹1.62 lakh per square foot.
Dilip KumarMumbaiPali HillLuxury ApartmentsReal EstateReal Estate MumbaiJul 26, 2024
The property, located on the 9th, 10th, and 11th floors of a building, fetched ₹1.62 lakh per square foot, one of the highest per sq ft deals in recent times. The apartment is part of 'The Legend' redevelopment project, undertaken by Black Rock, a subsidiary of the Ashar Group. The project will feature luxury apartments and a 2,000 sq ft museum dedicated to Dilip Kumar, curated in consultation with his wife, Saira Banu. The museum will be situated on the ground floor.
The transaction was registered on July 23, 2024, and comes with eight car parking spaces. The stamp duty and registration fee for the transaction were ₹9.30 crore and ₹30,000, respectively. The Ashar Group has confirmed the transaction in a statement.
The agreement value of the transaction was ₹155 crore, but the Ashar Group stated that the total value of the sale was ₹172 crore.
The property was previously embroiled in a legal battle over ownership rights. The property originally belonged to the Seth Mulraj Khatau Trust, established by Mulraj Khatau between 1917 and 1919. Dilip Kumar acquired the property from Hasan Chamruddin, who held a 999-year lease from the Khatau Trust.
The Khatau Trust's successors issued an eviction notice in 2014, leading to a legal battle. Dilip Kumar and Saira Banu fought and won the case in 2017. They received the keys to the bungalow from the Mumbai Police. However, the property was eventually sold after Dilip Kumar's death in 2021.
The Ashar Group is a renowned real estate developer in Mumbai, known for its luxury projects. Apco Infratech Private Limited is a leading infrastructure development company in India.
Frequently Asked Questions
Who was the previous owner of the triplex apartment?
The previous owner of the triplex apartment was Bollywood actor Dilip Kumar.
What is the total area of the triplex apartment?
The total area of the triplex apartment is 9,527 square feet.
What is the per square foot price of the apartment?
The per square foot price of the apartment is ₹1.62 lakh.
What is the redevelopment project that the apartment is a part of?
The apartment is part of 'The Legend' redevelopment project, undertaken by Black Rock, a subsidiary of the Ashar Group.
What is the purpose of the 2,000 sq ft museum in the project?
The 2,000 sq ft museum is dedicated to Dilip Kumar and will be curated in consultation with his wife, Saira Banu.
Related News Articles
Rohan Builders Achieves Unparalleled Excellence with 14 Consecutive Years of CRISIL DA2+ Grading
Rohan Builders continues to maintain its prestigious DA2+ Developer Grading from CRISIL, demonstrating its commitment to excellence in financial and operational parameters.
Sebi Chief Remains Tight-Lipped on Real Estate Investment Trusts
REITs comprise a portfolio of commercial real estate assets, most of which are already leased out.
PGA of America Launches State-of-the-Art Golf Courses in Mumbai, Navi Mumbai, and Hyderabad
AIVOT Golf & Sports Management collaborates with Shapoorji Pallonji Real Estate, Stonecraft Group, and Tvastar Golf to introduce PGA of America-branded golf courses in Mumbai, Navi Mumbai, and Hyderabad, setting a new standard for golf excellence in India
Raymond Expands Real Estate Footprint with Mahim Project Deal
Raymond, in a strategic move, has signed a Joint Development Agreement for a prestigious residential project in the prime location of Mahim West, Mumbai.
Amrita Singh, Zaheer Khan Among Celebrities Investing in Mumbai's Luxury Real Estate
Amrita Singh and Zaheer Khan are among the latest celebrities making significant investments in Mumbai's luxury real estate market. Discover the trends and insights of these high-profile investments.
SP Group Raises $3.3 Billion from Five Funds to Boost Real Estate and Construction Projects
SP Group secures a significant $3.3 billion investment from five prominent funds, aimed at refinancing and expanding its real estate and construction projects. This strategic move will help the company solidify its position in the market and drive sustain