The commercial unit is located on the lower ground floor of the building and spans a carpet area of 1,696 square feet, or approximately 157.57 square metres. The unit comes with a separate and independent entrance, distinguishing it from other spaces within the complex. Along with the unit, the sale includes three car parking spaces: one surface parking spot on the lower basement floor and two stack parking spaces spread across the lower and upper levels of the upper ground floor.

The property sits on land bearing Survey No. 236 (Part) and Plot Nos. 3, 3A, and 329, corresponding to CTS Nos. C/1395, C/1396, and C/1397 of Village Danda in Bandra. The exact address is Plot No. 16, Pali Hill Estate, Nargis Dutt Road, Bandra West, falling under the Mumbai Suburban registration district.

This stretch of Pali Hill has long been associated with Dilip Kumar and Saira Banu, who lived in their bungalow at the location for decades before it was eventually redeveloped into “The Legend by Ashar.” The site has since transformed into a mixed-use development, with this latest notice signalling the sale of one of its commercial units.

As per standard practice in property transactions, the public notice requires anyone with a claim on the premises, whether by way of sale, mortgage, lease, tenancy, inheritance, possession, or any other right, to intimate the same in writing to the advocate along with documentary proof within 14 days of the notice’s publication. Failure to do so within this window will mean the claim is treated as waived and abandoned, allowing the sale to proceed without further reference to it.

The notice does not disclose the identity of the prospective purchaser or the transaction value involved.

Also Read: Ashar Group’s Luxury Project ‘The Legend by Ashar’ Crosses Rs 500 Crore Sales Mark in 15 Months

The post Saira Banu Puts Up For Sale Commercial Unit Built On Dilip Kumar’s Pali Hill Bungalow appeared first on Square Feat India.

The project, which is located in one of Mumbai’s most coveted neighborhoods, is a low-density, boutique offering designed for a select group of buyers. Positioned as a tribute to Bollywood icon Late Dilip Kumar, ‘The Legend by Ashar’ blends heritage with modern luxury, attracting buyers seeking a unique combination of nostalgia and sophistication.

The sales achievement follows a record-setting transaction for a 9,527-square-foot triplex apartment, which was sold to Apco Infratech Private Limited at Rs 1.81 lakh per square foot, marking one of the highest-value deals in Mumbai real estate this year. Further transactions at ‘The Legend by Ashar’ have maintained a high market value, with the average price per square foot reaching Rs 1.71 lakh.

In a statement, Ajay Ashar, Chairman and Managing Director of Ashar Group, highlighted that the sales milestone reflects the strong resilience of Mumbai’s luxury real estate market. He emphasized that the project’s success is a result of Ashar Group’s focus on creating spaces that combine quality, exclusivity, and timeless appeal.

The RERA-certified project offers three unique types of residences: The Estate (3,200 sq. ft. apartments with panoramic windows and open floorplans), The Duets (3,400 sq. ft. vertical villas), and The Bungalows (3,700 sq. ft. residences with private garden access). The development also includes premium amenities, such as a state-of-the-art fitness center, a temperature-controlled swimming pool, and concierge services.

While the project has already set a high benchmark for luxury real estate in Mumbai, it also signals the continued growth of the city’s high-end market. The success of ‘The Legend by Ashar’ could further fuel interest in boutique luxury developments across the region.

Also Read: Repo Rate Unchanged – Housing Set for Festive Season

The post Ashar Group’s Luxury Project ‘The Legend by Ashar’ Crosses Rs 500 Crore Sales Mark in 15 Months appeared first on Square Feat India.

The triplex flat is located in a building that is coming up on the site where once stood the iconic bungalow of veteran actor Dilip Kumar.

According to registration documents available with SquareFeatIndia, the deal took place on July 23, 2024.

The triplex has been bought by Apco Infratech Private limited, while the seller is Blackrock.

The triplex is spread over three floors, 9th, 10th and 11th. The per sq ft rate comes close to Rs 1.62 lakh.

The stamp duty paid for the registration of the apartment is Rs 9.30 crore.

The new owners will also have access to 8 car parks in the newly constructed building.

Developer Ajay Ashar’s name is mentioned in the sellers coloumn.

The building is named The Legend by Ashar.

Also Read: Dilip Kumar’s Bungalow to make way for Highrise

The post Dilip Kumar Bungalow Redevelpment: Triplex Sold for Rs 155 Cr appeared first on Square Feat India.

Speaking at the launch Ajay Ashar,Chairman & Managing Director of Ashar Group, said, “The legacy of Dilip Sahab is nothing short of a monument, a piece of history, culture, and art fused together. The Legend draws its inspiration from Dilip Sahab’s charm, poise and sheer brilliance and will stand tall as a symbol of magnificence and quiet sophistication.  It is an embodiment of Ashar Group’s perseverance to fortify his legacy and create a landmark that will deliver an outstanding lifestyle for our residents.”

With an emphasis on the European art deco style of architecture, ‘The Legend by Ashar’ specifically caters to the distinguished tastes of industrialists, entrepreneurs, cultural luminaries, Indian Cinema’s finest, global athletes, and Fortune 500 CXOs.The project aims to redefine luxury real estate in India, with only 15 boutique residences ranging from 3200 to 7000 square feet of estates, duets and bungalows.

Speaking on the salient features of the project, MsAyushi Ashar, Director of Ashar Group, said, “Real estate is more than just brick and mortar. It is an emotion. And it is art and design in its largest form. At ‘The Legend’, we bring a collection of couture homes that are private, personalised and futuristic. It is an exclusive community of individuals who are driven by values, principles and opulence. With column-less floorplates, the widest span of windows, large decks and massive internal heights – these vertical villas will charm like no other and will be the rarest find.” She added, “Adding to the heritage charm of the building, we are also bringing to life SairaBanoji’s long cherished dream of immortalising Late Dilip Sahab’s legacy through a museum space celebrating his life and journey.”

The project is RERA certified, with construction in full swing and possession slated for the year 2027, as per the RERA website.

Also Read: Indian Real Estate Sector Received Institutional Investments Worth USD 1.6 Bn 

The post Dilip Kumar’s Bungalow to make way for Highrise appeared first on Square Feat India.