Kangana Ranaut Opens Up About Selling Her Mumbai Bungalow Due to Emergency Delay Losses
I put all my personal property on it. Now that it's not released, so anyway, that's what properties are for – for times of crisis,” Kangana said.
Kangana RanautEmergencyMumbai BungalowBmcSikh CommunityReal Estate MumbaiSep 17, 2024
The actress revealed that she had put all her personal property on the line for the film, which was initially supposed to release on September 6. However, the film was postponed due to pending approval from the censor board. Kangana also mentioned that she had taken a loan of Rs 27 crore from ICICI Bank against the property in December 2022.
The bungalow, which was used as the office for her production house, Manikarnika Films, was sold for a whopping Rs 32 crore. Kangana had purchased the property for Rs 20.7 crore in September 2017.
The property had also been in the news earlier due to a controversy with the Brihanmumbai Municipal Corporation (BMC). In 2020, the BMC had demolished parts of Kangana's office in Bandra citing illegal construction. The demolition work was stopped midway after a stay order from the Bombay High Court.
Kangana also spoke about the delay in the Emergency release, stating that it was intentional and that some people were trying to hide the truth. She also mentioned that she had received threats from certain groups who were opposed to the film.
The film, which has been facing boycotts and ban calls, has been accused of presenting the Sikh community in the wrong light. However, Kangana maintained that the film was based on facts and that she had the proper documents to prove it.
The actress also expressed her frustration with the delay, stating that it was affecting her financially. She also mentioned that she had put her personal property on the line for the film and that it was time for her to take drastic measures.
Information
Kangana Ranaut is an Indian actress and filmmaker who has been in the industry for over a decade. She has been known for her bold and outspoken nature, often speaking her mind on various issues. Her production house, Manikarnika Films, has produced several films, including the critically acclaimed Manikarnika The Queen of Jhansi.
Frequently Asked Questions
Why did Kangana Ranaut sell her Mumbai bungalow?
Kangana sold her Mumbai bungalow due to the losses incurred because of the delay in the release of her film Emergency.
How much did Kangana sell her bungalow for?
Kangana sold her bungalow for Rs 32 crore.
What was the controversy surrounding Kangana's bungalow?
The bungalow was involved in a controversy with the BMC, which had demolished parts of it citing illegal construction.
Why is Kangana's film Emergency facing boycotts and ban calls?
The film is facing boycotts and ban calls due to accusations of presenting the Sikh community in the wrong light.
Has Kangana received threats due to her film?
Yes, Kangana has received threats from certain groups who are opposed to the film.
Related News Articles
Table Space Expands High-End Workspace Presence in Mumbai by 50%
In a significant move to capitalize on the growing demand for premium office spaces, Table Space, a leading enterprise-managed workspace provider, has announced a 50% expansion in Mumbai. This expansion is expected to bolster the real estate market and pr
Juvenile Porsche Driver's Parents Held for Evidence Tampering in Fatal Crash
Pune court remands real estate tycoon and father in judicial custody over kidnapping case amidst allegations of evidence tampering in the Kalyani Nagar Porsche crash
Maharashtra's Richest Candidates: Wealthiest Contestants in the 2023 Assembly Elections
As the Maharashtra Assembly elections draw near, the scrutiny of candidates' financial backgrounds has intensified. Here’s a list of the wealthiest contestants vying for seats in the upcoming polls.
Pune: Vehicle Owners Resist Applying for HSRP Due to High Costs and Technical Issues
Pune vehicle owners are expressing their frustration with the implementation of the High Security Registration Plate (HSRP) system. High costs and frequent technical glitches are the primary reasons for their resistance. The Transport Commissioner's offic
Macrotech Developers Acquires 10 Land Parcels for Rs 240 Billion for Housing Projects
Macrotech Developers, a prominent Mumbai-based real estate company, has made a strategic move by acquiring 10 land parcels in fiscal year 2025 for a total of Rs 240 billion. This acquisition is aimed at expanding their housing projects and solidifying their position in the real estate market.
Is Digital Real Estate Truly Recession-Proof? An Investor's Perspective
In the rapidly evolving world of real estate, digital properties are gaining traction as a robust investment option. This article explores whether digital real estate can withstand economic downturns and remain a viable asset class.