Sonam Kapoor and Anand Ahuja Acquire Iconic Mumbai Property for Rs 4780 Lakhs
Sonam Kapoor and Anand Ahuja have made a significant real estate investment by purchasing a 3,600-square-foot property in Mumbai for Rs 4780 lakhs. This iconic property, Rhythm House, is located in the culturally rich Kala Ghoda neighborhood.
Sonam KapoorAnand AhujaMumbai PropertyReal EstateRhythm HouseReal Estate MumbaiOct 23, 2024
The couple has now added an iconic Mumbai property to their ever-expanding real estate portfolio. Sonam Kapoor and Anand Ahuja’s Bhaane Group has acquired the famous music store, Rhythm House, for roughly $5.7 million (about Rs 4780 lakhs), according to the Indian Express. Bhaane, which manufactures clothes, is a division of Shahi Exports Pvt, which is owned by Anand’s father, Harish Ahuja. Shahi Exports is one of India's leading garment manufacturers, supplying products to global brands like H&M and Decathlon.
The 3,600-square-foot Rhythm House, which is spread across a ground and mezzanine floor, was closed in 2018 after Firestar Diamond International Pvt's owner, Nirav Modi, failed to repay billions in bank loans. Modi had purchased Rhythm House in 2017 from its previous owners, the Curmally family, for Rs 32 crore through his company, Firestar Diamond, with plans to convert it into a luxury jewellery showroom. However, the property faced financial troubles and eventually closed down.
Rhythm House, founded in 1948 by Suleman Nensey, is located in the Kala Ghoda neighborhood of Mumbai, which is known for its numerous heritage properties. The store specialized in selling musical instruments and imported 78 rpm records. Over the years, it adapted to changes in the music industry, providing musical enthusiasts with jukeboxes, vinyl records, and cassettes, eventually moving on to CDs and DVDs. However, as music shifted to online platforms, footfalls and sales at Rhythm House declined, leading to its closure in 2016.
The acquisition of Rhythm House by Sonam Kapoor and Anand Ahuja’s Bhaane Group is a significant move in the real estate market. It not only adds to their already impressive portfolio but also preserves a cultural landmark in Mumbai. The future plans for the property are yet to be disclosed, but it is expected to be a valuable addition to the city’s heritage and business landscape.
Frequently Asked Questions
What is the net worth of Sonam Kapoor and Anand Ahuja?
According to public data, Sonam Kapoor has an estimated net worth of Rs 115 crore, while her husband, Anand Ahuja, boasts a fortune of Rs 4,000 crore.
Where is the new property located?
The new property, Rhythm House, is located in the Kala Ghoda neighborhood of Mumbai, a culturally rich area known for its heritage properties.
How much did Sonam Kapoor and Anand Ahuja pay for Rhythm House?
Sonam Kapoor and Anand Ahuja’s Bhaane Group acquired Rhythm House for roughly $5.7 million, which is approximately Rs 4780 lakhs.
Who is the previous owner of Rhythm House?
Rhythm House was previously owned by the Curmally family, who sold it to Nirav Modi in 2017 through his company, Firestar Diamond, for Rs 32 crore.
What is the history of Rhythm House?
Rhythm House was founded in 1948 by Suleman Nensey. It specialized in selling musical instruments and records, and over the years, it adapted to changes in the music industry, eventually closing down in 2016 due to the shift to online music platforms.
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