By Varun Singh
Real estate these days is mostly about big celebrity realty deals, for example, who is buying the most expensive apartment to which actor has bought a house.
So here is one more such news concerning a Bollywood actor, his father and their firm. We are talking about, Ranveer Singh and his dad’s firm Oh Five Oh Media Works LLP which has inked a real estate deal in Bandra for Rs 119 crore. The prized possession that the actor and his father’s firm now own is a Quadraplex.
According to documents accessed by SquareFeatIndia provided by Indextap.com the firm Oh Five Oh Media Works LLP on July 8, 2022 registered the agreement of sale with the IGR office for the purchase of a Quadraplex spread over four floors of a building in Bandstand.
The building in which the Quadraplex is located is named Sagar Resham Co-operative Housing Society, located on BJ Road, Bandstand, Bandra. The Quadraplex consists of apartments 1601 on 16th floor and 1701 on 17th to 19th floor,
Oh Five Oh Media Works LLP has two directors Jugjeet Sundersingh Bhavnani and his son, Ranveer Singh who also is an actor in the Bollywood film industry.
According to registration papers, the documentation regarding the real estate deal was carried out on July 6, 2022, post which the registration work was completed.
Registration documents show that Enorm Nagpal Realty LLP is the seller, whereas Oh Five Oh Media Works LLP is the buyer, on behalf of the firm, Jugjeet Sundersingh Bhavnani signed the documents.
The total amount paid for the Quadraplex is Rs 118.94 Crore, whereas the stamp duty paid for the registration is Rs 7.13 Crore.
The carpet area of the Quadraplex is 11,266 sq.ft. and there’s a terrace which measures 1,300 sq.ft. Along with this the new owners will also have an access to 19 car parks in the building. If one calculates the per sq ft rate without considering the terrace area, then it stands at Rs 1.05 lakh per sq ft.
A detailed email sent to Jugjeet Sundersingh Bhavnani regarding a comment in regards to the real estate purchase go us no response.
According to a Bandra based realtor, the building Sagar Resham in which the actor will be moving in is an under construction building. “There existed an old building, which is now being redeveloped and in the coming two years it should be complete. The lower floors will be occupied by the existing residents. The 16th floor is a 4BHK, whereas the remaining three floors 17 to 19 floor is a penthouse,” he said.
The building biggest USP for the building apart from being close to SRK’s Mannat is that it will offer unobstructed view of the Arabian Sea. Yashika Rohiira, of Karma Realtors, states that the said project is a premium one-of-a-kind project on bandstand, and also additionally derives value, being a neighbhor to Shahrukh Khan.
“Bandra-Juhu belt has been the favourite among tinsel town. Therefore, we are not surprised by this transaction. The Bandstand location is especially the most sought after, with the likes of Superstars Salman Khan and Shah Rukh Khan, residing in the vicinity. This deal was concluded at just over a ₹ 1 lakh / sq.ft. rate, as the property comes along with a spacious terrace and handsome number of car parks further augmenting the luxury deal. We, at Indextap, forsee many more such high-end property deals being in the works and the luxury residential market to continue to perform well, despite fear of possible global recession,” said Abhishek Kiran Gupta, CEO & co-founder, CRE Matrix & Indextap.
Previous celebrity deals
- In January Raj Kundra transferred five flats Worth Rs 38.5 Crore to his wife Shilpa Shetty
- In the same month Kajol Vishal Devgan bought two flats in Juhu, she paid Rs 11.95 Crore for both the flats
- Earlier this year, Akshay Kumar, paid Rs 7.84 crore for an apartment in Khar
- This year, Chopra’s iconic B R House in Juhu was sold for Rs 182 Crore
Also Read: Bhushan Kumar Of T-Series Paid Rs 167 Crore For Juhu Bungalow
