MUMBAI
STAR STRUCK: Alia Bhatt is the director of flat buyer Eternal Sunshine Productions Pvt Ltd
Bollywood actor Alia Bhatt recently bought a property at Juhu, in Mumbai. The actress paid Rs 13.11 crore for the 2,300 square feet apartment. The actress paid almost double the ready reckoner rate of the apartment, which stands at Rs 7.86 crore. The flat is on the first floor of a posh locality in Juhu.
The property was registered with the sub-registrar's office in Andheri on January 9 and the seller is Rushang Shah, director of Shimnit Finance and Investments Pvt Ltd. The buyer is Eternal Sunshine Productions Pvt Ltd, of which Alia Bhatt is the director. The registration document accessed by DNA has Bhatt's name in it.
Ready reckoner rate is the rate annually decided by the state government for properties across the state, based on which it collects stamp duties. However, if the property purchased is at a higher rate than that of the ready reckoner rate, it collects a stamp duty according to the higher rate.
Therefore, Bhatt ended up paying a stamp duty of Rs 65.55 lakh for her purchase of the property in Juhu. Bhatt is already a Juhu resident. Along with the flat, Bhatt has also received two open car parks.
In 2015, Bhatt had bought two properties on the second floor of the building from Anupam Kher and Kirron Kher for Rs 5.16 crore and Rs 3.83 crore respectively. Even then, she had paid more than the ready reckoner rate. These two flats were on the second floor of the building.
According to Sangeet Hemant Kumar, of SHK Ventures, that is into real estate, the area where Bhatt has bought the property is a star-studded area and very few apartments are available at that location. "There's a premium attached to these properties and going by the rate, the price that Bhatt paid for this property isn't very high. The property is exactly like a house a celebrity would like to invest in," he said.
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