Bollywood actor Janhvi Kapoor along with her younger sister Khushi and father Boney Kapoor has purchased a luxury duplex apartment in Pali Hill locality of Mumbai’s Bandra suburb for Rs 65 crore.
The daughter of late actress Sridevi has bought the apartment spread over 8,669 sq ft built up area on the first and second floor of Kubelisque Building on Pali Hill’s Union Park Road. In addition to the apartment, the property consists of an open garden area all around and an exclusive swimming pool on the first floor.
Kapoors have paid nearly Rs 75,000 per sq ft for the transaction on built-up area basis, while on carpet area the duplex apartment is valued at little over Rs 1.01 lakh per sq ft.
As per the agreement, the buyer also gets access to five car parking slots in the building. The buyers have paid stamp duty of Rs 3.90 crore for the deal’s registration that took place on October 12, showed the documents accessed through Indextap.com.
While the penthouse is part of the residential tower, it can be used as a bungalow given the separate entry, exit points and the owner’s 15.2% undivided rights in the land parcel.
In July, Janhvi Kapoor had sold a luxury triplex apartment in Mumbai’s plush Juhu locality to actor Rajkumar Rao for nearly Rs 44 crores. She had bought that apartment in December 2020 in the luxury tower on JVPD Scheme, which is known for residences of several high-profile personalities from Hindi film industry.
Mumbai, the country’s largest and most expensive real estate market, has been setting new benchmarks with property transactions lately after the state government’s 2020 announcement of a limited-window stamp duty reduction.
The significant but limited-period stamp duty reduction window that ended on March 31, 2021, was a catalyst for the city’s residential market. While stamp duty rebates are not available now, the deals have continued to flow in.
Several large-ticket record-setting transactions have been taking place in the city. Recently, Siddharth Jain, part of INOX Group’s promoter family, had bought a sea-view luxury quadruplex apartment in a super-premium residential tower on Dr. Annie Besant Road in Mumbai’s tony locality of Worli for Rs 144 crore.
