Ranveer Singh sells 2 Mumbai properties for Rs 152 mn

14 Nov 2023 CW Team

Bollywood actor Ranveer Singh has successfully divested two residential properties situated in Mumbai's Goregaon suburb, raking in a total sum exceeding Rs 152 million. Both adjacent apartments, located on the 43rd floor of a tower within the upscale Oberoi Exquisite residential project, boast an expansive area of 2,648 sq ft each.

The actor concluded the sale of each apartment, inclusive of a total of six car parking slots, for a combined value surpassing Rs 76.2 million. The associated transactions attracted a cumulative stamp duty of Rs 9.15 million. Interestingly, Singh's decision to part with these properties, acquired in collaboration with his mother in 2014, led to their acquisition by a couple residing within the same complex. The official documents, accessible through IndexTap.com, confirm the registration of these deals on November 6.

Notably, in the previous year, Singh made headlines by acquiring a luxurious sea-view quadruplex apartment in the high-end residential tower, Sagar Resham, located on Bandstand in Mumbai's prestigious Bandra locality. This acquisition, valued at Rs 1.19 billion, marked one of the most substantial single-residential-apartment deals nationwide. The property holds significance not only for its direct sea-facing aspect but also for its strategic location between Bollywood actors Salman Khan's residence in Galaxy and Shahrukh Khan's bungalow Mannat along the same stretch.

Mumbai, recognised as the country's largest and most expensive real estate market, continues to establish new benchmarks in property transactions. The city has witnessed several record-setting transactions involving industrialists, CXOs, actors, and sports personalities in recent quarters. Within the realm of Bollywood, property transactions by prominent figures such as Amitabh Bachchan, Hrithik Roshan, Rani Mukherjee, Kartik Aryan, Alia Bhatt, and Disha Patani have generated considerable buzz in the real estate market.

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