Ranveer Singh-Deepika Padukone purchase home worth PKR 3.1 billion near Shah Rukh’s ‘Mannat’

Bollywood star-couple of Ranveer Singh and Deepika Padukone bought a sea-facing quadruplex in suburban Bandra for INR119 crore on Monday.

They purchased the apartment spread across floors 16, 17, 18 and 19 of Sagar Resham, a building at Bandstand in the close vicinity of Shah Rukh Khan’s bungalow ‘Mannat’ and Salman Khan’s pad in Galaxy Apartments.

A stamp duty of over INR 7 crore has been paid for the transaction, which includes the purchase of 11,266 sq ft space, an exclusive 1,300 sq ft terrace and 19 parking lots, the sources said. The per square feet price works out to around INR 1 lakh.

The quadruplex is likely to serve as the primary home for Singh and his actor wife Deepika Padukone. Sources said they were in the market for nearly three years now with a mandate to look for an independent bungalow in Juhu and Bandra localities where a lot of celebrities stay.

Last year, the couple had bought a second home at Alibag for INR 22 crore.

At present, Sagar Resham does not boast of marquee names who will be neighbours of the star couple, sources added.

When contacted, real estate consultancy firm JLL India’s senior director and head (west) for residential services, Ritesh Mehta, said the price paid by the actor is as per the market trend. A property at this location commands a price of INR 90,000-Rs 1.10 lakh per square feet.