OMG! Dilip Kumar’s Lavish Bandra Seafacing Bungalow-Turned-Apartment Sold For This WHOPPING Amount
The residential development, a museum dedicated to Dilip Kumar’s life and achievements will be established. This museum, which will showcase the actor’s legacy, will be located on the ground floor of the tower and will have a separate entrance for easy visitor access
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A notable piece of Mumbai real estate history was made with the sale of a triplex apartment in the building where the iconic actor Dilip Kumar’s bungalow once stood. This expansive 9,527.21 square foot triplex, sold by Blackrock to Apco Infratech Private Limited, fetched an impressive Rs 155 crore. According to SquareFeatIndia.com, the triplex occupies the 9th, 10th, and 11th floors, with a per square foot rate of approximately Rs 1.62 lakh. The stamp duty for the registration of this high-value property amounted to Rs 9.30 crore. ALSO READ: DID YOU KNOW? Ravi Dubey Started His Career In Acting With Dilip Kumar-Saira Banu’s Production In 2005; Actor Opens Up
This transaction is part of a larger development plan initiated last year when Dilip Kumar’s family finalized an agreement with the Ashar Group to transform the Pali Hill plot into a luxury residential project. The plot, previously home to Dilip Kumar's bungalow, is now set to host a state-of-the-art residential tower. An important aspect of this project is the inclusion of a museum on the ground floor, dedicated to the life and career of Dilip Kumar. This museum will have its own separate entrance to facilitate easy public access, ensuring that the legendary actor's legacy continues to be celebrated. ALSO READ: Dilip Kumar’s Old Ancestral Home In Peshawar On The Verge Of Collapse; Pakistan’s National Heritage Monument Ruined Due To Rain
Dilip Kumar, a titan of Bollywood, passed away at the age of 98 on July 7, 2021, following a prolonged illness. His connection to the Bandra West property dates back to 1953 when he purchased it from Mohammad Latif for Rs 1.4 lakhs. The bungalow, where Kumar lived for fifty years, became a significant landmark and a testament to his illustrious career. However, this storied property was embroiled in legal battles for several years.
Dilip Kumar’s iconic Pali Hill bungalow finds a new life! A sea-facing triplex apartment in its place has been sold for a staggering ₹172 crore to Apco Infratech. Spanning the 9th to 11th floors, this 9527 sq ft luxury space cost ₹1.62 lakh per sq ft! 🌊💎 #RealEstate… pic.twitter.com/GUO8FfNWaX
— B-Town Life (@BTownLife1) July 26, 2024
The disputes primarily revolved around accusations from Kumar’s family that a real estate firm had forged documents in an attempt to seize the property. After years of court proceedings, Saira Banu, Kumar’s wife, finally regained possession of the bungalow's keys in 2017. This legal victory marked the end of a prolonged struggle, ensuring that the property was free of disputes.
The current development project represents not only a transformation of physical space but also a respectful nod to Dilip Kumar's enduring legacy. The luxurious triplex and the accompanying museum symbolize a blend of modern luxury and historical significance, providing a fitting tribute to a man who left an indelible mark on Indian cinema. The sale and development of this property highlight the dynamic nature of Mumbai's real estate market, where history and modernity often intersect in fascinating ways.
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