Deepika Padukone's Company Snares Luxurious Apartment in Mumbai's Bandra West for ₹17.8 Crore
Deepika Padukone's company, KA Enterprises, has purchased a luxurious apartment in Mumbai's upscale Bandra West locality for a whopping ₹17.8 crore.
Deepika PadukoneRanveer SinghReal EstateMumbaiBandra WestReal Estate MumbaiSep 18, 2024
This strategic move highlights the growing trend of Bollywood celebrities and high-profile individuals investing in real estate, particularly in prime locations like Bandra, which has been a preferred neighborhood for the elite.
Located in the Sagar Resham Co-operative Housing Society, this new acquisition includes a sprawling 1,845 square foot apartment. The property is part of a complex that offers both 4 BHK and 5 BHK apartments, all equipped with state-of-the-art amenities.
The apartment itself is situated on the 15th floor, offering a bird’s-eye view of the vibrant cityscape. With a built-up area rate calculated at ₹96,400 per square foot, the total value of the deal clearly underscores the premium nature of the property.
The seller of the apartment is Enorm Nagpal Realty LLP, while KA Enterprises LLP has been registered as the buyer. This acquisition is significant not just for its value but also for the strategic location in the heart of Mumbai’s most sought-after area.
Bandra West is known for its celebrity residents, luxury apartments, and proximity to key landmarks like Carter Road, Bandstand, and Pali Hill. The location itself commands some of the highest real estate prices in Mumbai, ranging from ₹50,000 to ₹1.50 lakh per square foot depending on the area and age of the property.
As per official documents accessed via Zapkey.com, KA Enterprises has not only shelled out ₹17.8 crore for the apartment but has also incurred additional costs. The stamp duty for the deal amounted to ₹1.07 crore, along with registration charges of ₹30,000.
Interestingly, this deal is not the only high-profile real estate transaction linked to the Padukone-Singh family. Deepika’s husband, Bollywood star Ranveer Singh, has also been making waves in the real estate world.
The Padukone-Singh duo is not new to real estate investments. In a related media report, the couple was reported to have bought another property at the iconic Bandra Bandstand, close to Bollywood superstar Shah Rukh Khan’s residence, Mannat.
Real Estate as a Strategic Investment
For Bollywood celebrities like Deepika Padukone and Ranveer Singh, real estate represents more than just a luxury lifestyle—it is a strategic investment. The escalating property values in Mumbai, especially in areas like Bandra, ensure that their real estate investments not only provide them with premium living spaces but also generate significant returns in the future.
The Growing Celebrity Real Estate Portfolio
The real estate market in Mumbai has always been attractive to the country’s elite, and Bollywood stars are no exception. With the likes of Shah Rukh Khan, Salman Khan, and Amitabh Bachchan owning massive properties in Bandra, Deepika and Ranveer’s latest acquisitions position them among the top real estate owners in the city.
Their Bandra property investments indicate a clear preference for this high-value, well-connected suburb that boasts celebrity neighbors, luxurious amenities, and panoramic sea views.
As Deepika Padukone and Ranveer Singh continue to expand their real estate holdings, they are solidifying their status as not just Bollywood’s power couple but also prominent players in Mumbai’s real estate market. These investments reflect their long-term commitment to the city that has been the foundation of their careers and success.
Frequently Asked Questions
What is the value of the apartment purchased by Deepika Padukone's company?
The apartment was purchased for ₹17.8 crore.
Where is the apartment located?
The apartment is located in the upscale locality of Bandra West, Mumbai.
What is the size of the apartment?
The apartment is 1,845 square feet.
Who is the seller of the apartment?
The seller of the apartment is Enorm Nagpal Realty LLP.
What is the significance of this acquisition?
This acquisition is significant not just for its value but also for the strategic location in the heart of Mumbai’s most sought-after area.
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