The Pali Hill residence of the late Bollywood actor Dilip Kumar has discovered a brand new chapter. The ocean-facing bungalow, earmarked for redevelopment in 2023, has just lately witnessed a major improvement with the sale of a triplex condo for a whopping Rs. 172 crore.
Dilip Kumar’s luxurious condo sells for staggering value of Rs. 172 crore in redevelopment challenge: Report
As per a number of experiences, Apco Infratech Non-public Restricted has secured this palatial triplex unfold throughout the ninth, tenth, and eleventh flooring of the under-construction constructing. With a carpet space of 9,527 sq ft, the condo itself is valued at Rs. 155 crore, translating to a staggering Rs. 1.62 lakh per sq ft – one of many highest per sq ft offers ever recorded within the Pali Hill space. The ultimate value of Rs. 172 crore features a stamp obligation of Rs. 9.3 crore and a registration charge of Rs. 30,000.
This redevelopment challenge, The Legend by Ashar Group, will home a complete of 15 luxurious flats, a mixture of 4 and 5 BHK configurations. Nonetheless, The Legend will likely be a devoted 2,000 sq ft museum celebrating the life and achievements of Dilip Kumar.
The collaboration between Dilip Kumar and Ashar Group dates again to 2016 when a improvement settlement paved the best way for this bold challenge. In 2023, the developer introduced plans for 15 luxurious flats and a projected completion date of 2027. With the latest sale of the triplex, estimates recommend your complete challenge might generate a staggering income of Rs. 900 crore.
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