The transformation of the Pali Hill residence from a cherished icon to a contemporary high-end apartment complex illustrates the evolving nature of Mumbai’s real estate market. Here’s why Dilip Kumar’s bungalow will be demolished.
The late Bollywood legend Dilip Kumar, once slated for demolition, has undergone a dramatic transformation and has recently been sold for a staggering ₹172 crore. Originally planned to make way for a luxurious new housing complex, the property now features an opulent sea-facing triplex apartment that stands out as a significant real estate achievement.
Property registration records accessed by Zapkey.com reveal that the triplex, situated on the 9th, 10th, and 11th floors of the newly constructed building, was purchased by Apco Infratech Private Limited. The sprawling residence covers an impressive carpet area of 9,527 square feet. The price per square foot for this high-end apartment was recorded at a remarkable ₹1.62 lakh, underscoring the premium nature of this property. The financial details of the transaction extend beyond the purchase price. The stamp duty applied to the sale amounted to ₹9.3 crore, reflecting the high value of the property, while the registration fee was documented at ₹30,000. These additional costs highlight the substantial financial investment involved in acquiring such a prestigious residence.
This sale represents a profound shift for the property, which was previously known for its historical and sentimental value associated with one of Bollywood’s most revered figures. The once-celebrated heritage site has now been re-envisioned as a modern luxury living space, reflecting broader trends in high-value real estate development.
Under the ownership of Apco Infratech Private Limited, it stands as a testament to the dynamic changes in real estate and the enduring allure of high-profile addresses. The sale of this sea-facing triplex not only marks a significant financial milestone but also signifies a notable shift in the legacy of Dilip Kumar’s former home.