Eternal Sunshine Production, the production house owned by Bollywood
actor Alia Bhatt, has acquired a luxurious residential apartment in
Mumbai's posh Pali Hill area for Rs 37.80 crore.
apartment, located on the sixth floor of Aerial View building on Nargis
Dutt Road, boasts a carpet area of around 2,500 sq ft and comes with
two dedicated car parking slots.
The deal was registered on April 10
after being concluded on April 6. The stamp duty for the transaction,
amounting to Rs 2.26 crore, was entirely paid by Alia. The apartment is
one of the most expensive properties in Pali Hill area, with a transaction
value of over Rs 1.51 lakh per sq ft.
Alia Bhatt also owns 2 flats in Juhu in the same building and the last deal of one of the flats was done in Juhu by Sandeep Sadh from Mumbai Property Exchange. The 2 flats are said to be now gifted to her sister Shaheen Bhatt.
Sandeep Sadh is of the view that the Pali Hill deal is a personal need based transaction to be in the same building as that is where the entire eco system is and both Alia and Ranbir are comfortable in their zone and they got married there. Most of the super premium transactions are happening in Mumbai in the range above 1.00 Lakh Per Sq.ft. Last month the Lodha Walkeshwar Transactions were in the news of reaching PSF rates above 1.40 Lacs and this transaction at 1.51 lakhs in Bandra affirms that there are buyers for super premium properties. Inspite of the Government imposing the Tax threshold of 10 Cr on Capital Gains reinvestment, the large transactions are not impacted as they are need based.