Kangana Ranaut's Mumbai Bungalow Sold for Rs 32 Crore to Hyderabad Company
The actor has recently purchased an office property in Mumbai's western suburb Andheri for over Rs 1.56 crore, diversifying her real estate portfolio.
Kangana RanautMumbai Real EstateBollywood CelebritiesReal Estate InvestmentsLuxury PropertiesReal Estate MumbaiSep 09, 2024
The ground plus 3-storey property has a total built up area of 3,075 sq ft along with a parking garage spread over 565 sq ft. The bungalow has been sold to Kamalini Holdings at Rs 1.04 lakh per sq ft basis the built-up space.
The property is part of a co-operative society developed on nearly an acre of prime land parcel, but has its independent access. Ranaut had bought this property for Rs 20.70 crore in September 2017.
The buyer has paid stamp duty worth Rs 1.92 crore for the registration of the transaction that took place on September 5, showed the documents accessed through IndexTap.com.
The actor has recently purchased an office property in Mumbai’s western suburb Andheri for over Rs 1.56 crore. This property is spread over a carpet area of 407 sq ft on the 19th floor of an under-construction commercial project. Ranaut has bought this property at Rs 38,391 per sq ft on carpet area basis.
Real estate continues to be a top investment choice for high net-worth individuals. Bollywood celebrities have been actively acquiring properties, recognizing the value of these assets not just for personal use but also as an attractive investment opportunity that can contribute to their growing wealth portfolios.
Several prominent personalities from Bollywood, including actors, producers, and directors such as Amitabh Bachchan, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, have actively invested in various real estate ventures.
These industry stalwarts have been strategically diversifying their portfolios by acquiring properties across prime locations.
Additionally, in recent quarters, notable celebrities like Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhatt, Disha Patani, and Janhvi Kapoor have also been involved in multiple high-profile transactions, focusing particularly on luxurious and upscale properties.
Kamalini Holdings is a Hyderabad-based company that has been actively investing in real estate ventures across the country. The company has a strong portfolio of properties in prime locations, and its latest acquisition of Kangana Ranaut's bungalow in Mumbai is a testament to its growing presence in the Indian real estate market.
IndexTap.com is a real estate data analytics platform that provides access to property documents and data. The platform has been instrumental in providing insights into high-profile real estate transactions, including the sale of Kangana Ranaut's bungalow.
Frequently Asked Questions
Who bought Kangana Ranaut's bungalow in Mumbai?
Kamalini Holdings, a Hyderabad-based company, bought Kangana Ranaut's bungalow in Mumbai for Rs 32 crore.
How much did Kangana Ranaut buy the bungalow for in 2017?
Kangana Ranaut bought the bungalow for Rs 20.70 crore in September 2017.
What is the total built-up area of the bungalow?
The total built-up area of the bungalow is 3,075 sq ft, along with a parking garage spread over 565 sq ft.
How much did the buyer pay as stamp duty for the transaction?
The buyer paid stamp duty worth Rs 1.92 crore for the registration of the transaction.
What is the name of the real estate data analytics platform that provided insights into the transaction?
IndexTap.com is the real estate data analytics platform that provided insights into the transaction.
Related News Articles
India's Land Deals See Sharp Decline in Q2 2024 Amid High Prices and Elections
Real Estate, Realty, Housing, Land Acquisition, Developers
BMC's Ambitious Renewable Energy Project: 100MW Hybrid Power Generation at Vaitarna Dam
The Brihanmumbai Municipal Corporation (BMC) is set to generate 100 megawatts of hybrid renewable energy at the Middle Vaitarna Dam, a pioneering project in urban local bodies across India.
MHADA Promotes Cluster Redevelopment to Address Mumbai's Housing Crisis
MHADA is taking steps to expedite the redevelopment of cessed buildings in Mumbai, with a focus on cluster redevelopment. Sanjeev Jaiswal, VP and CEO of MHADA, highlights the importance of moving forward amid challenges in the real estate sector.
DLF's Mega Luxury Project in Gurugram: Apartments Priced at ₹80 Crore
Real estate giant DLF Ltd is set to launch the most expensive ultra-luxury project in the country, featuring over 400 super luxury apartments in Gurugram, with starting prices around ₹80 crore. The project, named The Dahlias, will be a game-changer in the
Real Estate Awaits RBI's Repo Rate Decision: A Crucial Moment for Housing and Economic Growth
Real estate contributes more than 7% to India's GDP. A well-calibrated repo rate policy can significantly boost housing sales and the overall economy...
BJP MLA Files Complaint Against Five Real Estate Developers
BJP MLA Venkataramana Reddy has filed a complaint against five real estate companies for alleged malpractices and delays in project completions.