Bollywood actor Kartik Aaryan has purchased a luxury apartment for Rs 17.50 crore in the plush Juhu locality of Mumbai. The house with nearly 1,594 sq ft carpet area is on the second floor of the residential tower Siddhi Vinayak Building in Presidency Society where the actor’s family already owns an apartment.
The deal values the apartment at nearly Rs 1.10 lakh per sq ft, making it one of the costliest deals in the locality known for the properties of Bollywood actors, directors, producers and industrialists.
Aaryan has paid stamp duty of Rs 1.05 crore for the registration of the deal that took place on June 30. He will also get exclusive access to two car parking slots in the tower. The transaction was executed by the actor’s mother Mala Tiwari on the actor’s behalf, showed the documents accessed through Indextap.com.
Prior to this, actor Rajkumar Rao had bought a luxury triplex apartment in Juhu for nearly Rs 44 crore from late actress Sridevi and producer Boney Kapoor’s daughter and actress Janhvi Kapoor.
This transaction between Rao and Kapoor had valued that apartment spread over 3,456 sq ft at nearly Rs 1.27 lakh per sq ft, pushing it in the tally of the country’s most expensive residential deals ever.
In January, Aaryan had leased a luxury apartment on Juhu Tara Road for three years from actor Shahid Kapoor for a total rental payout of over Rs 2.89 crore across the total term.
Apart from personalities from Hindi film industry, Juhu counts many industrial and corporate world biggies as its prominent residents. Recently, actors Vicky Kaushal and Katrina Kaif shifted to their residence here, while cricketer Virat Kohli and his actress wife Anushka Sharma also moved in here some time ago.
Mumbai, the country’s biggest and most expensive property market, has continued the robust momentum of real estate sales in January despite rising mortgage rates and property prices as consumer sentiment towards home buying remains strong.
Several corporate personalities, business founders, industrialists, cricketers and Bollywood actors, including Amitabh Bachchan, Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhat and Disha Patani, have bought luxury apartments in Mumbai and registered their deals in the last few quarters.