Ranveer Singh a renowned bollywood actor and husband of Deepika Padukone has acquired a large 4 level quadriplex in a Redevelopment Building at Bandstand, Bandra West. The Building - Sagar Resham is a society which has gone for redevelopment with the developer L Nagpal from Khar West. Sagar Resham building was registered in 1964 and it was not in a good condition and hence redevelopment was essential.
Sagar Resham is located on Kane Road, off.Bandstand, Bandra West and very close to Mannat (Shahrukh Khan residence) and Taj Lands End. There are not many sea facing flats available of this size on Bandstand for Sale. Raheja Bay, Jivesh Terraces, Steesha, Raheja Sunkist, Vastu are a few top buildings of Bandstand where one can find large sized apartments but very few sellers.
The bandstand side of Bandra West although densely constructed is purely a residential area with limited retail or high street retail exposure and hence the location is far more premium compared to the Northern Side of Bandra and of course the proximity to Sea Link or BKC or Airport or going towards South Mumbai is pretty easy and convenient.
The apartment bought by Ranveer Singh is spread across 4 levels giving a 360 degree view of the Mahim Bay on the South East and having a panoramic sea facing views from 16th to 19th Floors. The apartment will have a carpet area of nearly 11200 plus approximately spread over 4 floors with a private terrace of around 1300 sq.ft. The price paid by Ranveer Singh for this property is around Rs.119 Cr. The ongoing property prices for premium sea facing properties is in the range of Rs.100,000/- PSF to Rs.125,000/- in most of the premium buildings in Bandra to South Mumbai. There are only select few buyers for such properties who have the budgets and need for such properties.
Its most likely that the building Sagar Resham which is a redevelopment building will have exclusive entrance to the resale portion and the division of entrances for the existing society members and the new home buyers.