Ranveer Singh Buys flat in Bandra West in Sagar Resham at Bandstand

By Sandeep Sadh
July 11, 2022

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.

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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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Ranveer Singh Buys flat in Bandra West in Sagar Resham at Bandstand