Because the nation celebrated the 102nd beginning anniversary of Bollywood legend Dilip Kumar, information of the redevelopment of his household bungalow in Bandra’s Pali Hill space, in Mumbai, has made headlines. The bungalow, which held a particular place within the coronary heart of the late actor and his spouse, saira Banu, is being redeveloped right into a luxurious residential venture referred to as ‘The Legend’ by Mumbai-based actual property agency Ashar Group.
The venture has achieved a big milestone, with gross sales crossing Rs 500 crore inside 15 months of its launch. Based on an announcement issued by the corporate, “‘The Legend by Ashar’ on Pali Hill, Bandra, has achieved a milestone, crossing Rs 500 crore in gross sales inside 15 months of its launch. This achievement displays the robust demand for opulent residences in one among Mumbai’s most coveted neighbourhoods and units a brand new benchmark for high-end actual property within the metropolis.”
Based on Zapkey.com the corporate has efficiently offered 4 luxurious residences, together with triplexes, from its stock of 19 models, with one transaction formally registered and the remaining three anticipated to be registered inside the subsequent two months. The primary condominium was bought by Apco Infratech Personal Restricted, a outstanding infrastructure improvement firm, for Rs 155 crore in July 2024, as per property registration paperwork. Moreover, three extra transactions for luxurious residences have been closed at a powerful charge of round Rs 1.50 lakh per sq ft, with consumers together with high-net-worth people equivalent to chartered accountants, infrastructure agency promoters, and businessmen, and these transactions are anticipated to be formally registered by the top of January or February.
What’s the redevelopment venture plan?
The corporate plans to assemble 19 luxurious residences, with a complete income potential of Rs 850 crore. The venture will comprise 4—and 5-BHK (bedroom-hall-kitchen) luxurious residences, together with duplex models, and a 2,000-square-foot museum devoted to Dilip Kumar. In March 2016, Dilip Kumar entered right into a improvement settlement with Ashar Group that paved the way in which for this luxurious housing venture.
Dilip Kumar (Muhammad Yusuf Khan) was a cinematic legend, broadly thought to be one of many best actors in Indian cinema. Born on December 11, 1922, in Peshawar, Pakistan, Kumar’s illustrious profession spanned over six a long time, with iconic movies like Mughal-e-Azam, Naya Daur, and Shakti cementing his standing as a thespian. Along with his unparalleled appearing prowess, nuanced performances, and enduring allure, Kumar left an indelible mark on the Indian movie trade. He handed away on July 7, 2021, on the age of 98, abandoning a legacy that continues to encourage generations of actors and filmmakers.
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