Bollywood actress Deepika Padukone and her husband Ranveer Singh.
Bollywood actress Deepika Padukone and her husband Ranveer Singh have bought a second range in Alibaug for Rs 22 crore, sources told Moneycontrol.
The bungalow was earlier owned by Rajesh Jaggi of The Everstone Group, sources said.
There was no response from the actress’ office.
According to the registration documents shared by Zapkey.com, the buyers are KA Enterprises LLP where Deepika Padukone may be a partner and RS Worldwide Entertainment Private Limited where Ranveer Singh may be a director.
The property was registered on September 13 and an amount of Rs 1.32 crore was paid as stamp tax , the document showed.
The property is spread across 2.25 acres and features a built-up area of around 18,000 sq ft. As per the registration document, four plots are amalgamated into one land parcel.
The price of this bungalow works bent be around Rs 12,000 per square foot , sources said.
The 5BHK ground-plus-first floor bungalow is found in a neighborhood called Satirje which is now also mentioned because the billionaires’ street.
This particular bungalow is found during a village called Maapgaon and is about 10 minutes faraway from Kihim Beach, sources said, adding the Coastal Regulation Zone norms aren’t applicable during this area and thus the built-up area is more.
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Several celebrities and industrialists have bungalows in Alibaug like Navin Agarwal of Vedanta Resources, Gautam Singhania of Raymonds, Prakash Mody of Unichem Labs. Ltd, Salil Parekh of Infosys, Sanjay Nayar of KKR and Falguni Nayar of Nyka and equity investor Deven Mehta among others, brokers said.
Bollywood actor Shahrukh Khan features a bungalow overlooking the Thal beach, brokers said.
Bungalows in Alibaug are spread across 1 acre to 10 acres and are priced between Rs 10 crore to Rs 70 crore, local brokers told Moneycontrol.
A roll on-roll off (Roro)-cum-passenger ferry service is out there between Mumbai and Mandwa near Alibaug. It takes about 45 minutes to succeed in Alibaug from Mumbai. The ferry was launched in 2020 and may accommodate 145 cars and around 500 passengers.
In Mumbai, Padukone and her husband have a 4BHK flat located in Mumbai’s Prabhadevi.
Padukone and her father registered a purchase deal of a serviced apartment in Bengaluru on August 7, 2021, and therefore the stamp tax paid by them was Rs 34.64 lakh, the documents showed.
During Covid-19, several high-net-worth individuals (HNIs) in vertical Mumbai have bought properties in nearby Lonavla, Alibaug and Karjat.
“Today, there are several high-end buyers within the market scouting for both bungalows and plots,” said Ritesh Mehta, head, Residential Property Sales, JLL.
“Homebuyers in Mumbai are trying to find second homes within the range of Rs 2 crore to Rs 50 crore that are almost a 90-minute drive from the most city. the thought is to succeed in Mumbai fast just in case of an emergency,” he said.
The challenge lately is that there are limited quality land parcels in second homes category which are driving prices upwards in locations like Alibaug and Lonavla, he said.
A survey by Savills India has also said that with the COVID-19 pandemic appearing to possess created several resets in land and therefore the wider acceptance of labor from anywhere, the demand for second homes has gone up. As many as 70 percent respondents want to take a position during a second home priced at Rs 2 crore or less within two years, a survey by Savills India, a worldwide property consultancy firm amongst prospective homebuyers, has said.
Approximately three-fourths of the potential buyers would really like a second range in locations like Dehradun, Nainital, Shimla, Goa, Alibaug, Lonavala, Mahabaleshwar, Coorg, Ooty and Wayanad, the survey said.
As many as 29 percent of the survey respondents would really like to take a position within the popular second home destinations in Maharashtra and 65 percent of the demand is within Rs 2 crore. Net yields of Maharashtra properties are within the range of 4-6 percent, the survey said.
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