Alia bhatt buys house in Pali Hill Bandra

By Sandeep Sadh
April 25, 2023

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.

The 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.

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About the author

Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Builders jack up rates with market handle - The Indian Express
REALTY PLUS ORGANIZES THREE OF ITS FLAGSHIP EVENTS AT HOTEL TAJ SANTACRUZ MUMBAI - Exchange 4 Media/Realty Plus
Need'nt hurry yet to buy that new flat - The Indian Express
More luxury homes than city needs - The Indian Express
Don't wait to buy a home; prices won't drop - Rediff
Make real estate deals more transparent - Money Control
Real estate market could recover by Diwali - The Economic Times
Energy-efficient buildings increase return on your realty investment - The Economic Times
Should you buy property in a religious location? - The Economic Times
Are you paying a higher maintenance bill for housing society? - The Economic Times
Developers Are Rolling Out Offers. Homebuyers, Read The Fine Print Carefully - Bloomberg/Quint
Hot property destinations of 2007 - Rediff
Piramal's big bet - Business Today
Are you buying a 'safe' house? - Magicbricks

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

Residential Leasing
Commercial Leasing
Residential Home Buying
Commercial Property Buying
Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

Drafting of the Leave and License Agreements
MOU for Buying/Selling Properties
Drafting Agreement for Sale
Gift Deeds
Computing of Capital Gains with current ready reckoner values
Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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Alia bhatt buys house in Pali Hill Bandra