Rajesh Khanna's Bungalow Sold

Mumbai Real Estate

Mumbai real estate is abuzz with the news of sale of 'Aashirwad' the bungalow which was owned by the first superstar of Bollywood - Rajesh Khanna. The real estate Mumbai property is located at
Carter Road, one of the poshest area in the city which is dotted with several high profile property sites. It is believed that this Mumbai real estate property is being bought by a prominent city industrialist Mr. Shashi Kiran Shetty.

The realestate Mumbai property which is a big tourist attraction for thousands of fans of Rajesh Khanna, is believed to be fetching somewhere between Rs 90 to 95 crore. The landmark sea-facing bungalow measures around 603sq m. Sole beneficiaries from the sale of this property site will be Rajesh Khanna's two daughters, Twinkle and Rinkie Khanna. Insiders indicate that the hushed up deal is will be concluded after the mandatory 14-day notice regarding ownership claim by a outside party is over. Initially, the daughters of the late Bollywood superstar wanted to make a museum in the memory of their mega-star-father, but now it looks as if the plan has been scrapped.

According to market sources the real estate Mumbai property is being bought at a much lesser price that was expected due to small plot size. The recent uncannily reports that ' Aashirwad' is haunted might have also reduced the market value of this Mumbai real estate property. It is believed that Mr. Shetty has been vouching to buy this bungalow with a budget of around Rs 100 crore for quiet some time.

The industrialist eying Aashirwad bungalow already owns several flats in Mumbai. Mr. Shetty had also booked a luxury apartment in the ongoing construction project at Palais Royale skyscraper in Worli for about Rs 40 crore, but after the construction of the project was halted due to a legal battle, Shetty started searching for a bungalow in the vicinity.