Kangana’s Bandra Bungalow Sold for ₹32 Crore Amidst Film Delays. Bollywood star Kangana Ranaut has recently made headlines, not for her cinematic endeavors, but for a significant real estate transaction. The actress has sold her opulent bungalow in Mumbai’s prestigious Bandra neighborhood for an impressive ₹32 crore. This sale coincides with the postponement of her highly anticipated film, Emergency, which has been delayed due to pending approval from the Central Board of Film Certification (CBFC).
From Purchase to Profit
Kangana originally acquired the bungalow in 2017 for ₹20 crore, and its value has appreciated substantially over the years. The recent sale involved a substantial stamp duty of ₹1.92 crore, underscoring the high-value nature of the property. Known for its luxurious design and prime location, the bungalow has been a notable asset in Kangana’s real estate portfolio.
The journey with this property has not been without its hurdles. In 2020, the Brihanmumbai Municipal Corporation (BMC) demolished parts of the bungalow, citing unauthorized constructions. This incident led to a major controversy, with Kangana alleging that she was being unfairly targeted by the Maharashtra government. The demolition was widely covered in the media, adding a layer of notoriety to the property.
Kangana’s Bandra Bungalow Sold: Despite these challenges, the sale of the bungalow at such a high price highlights the enduring value of prime real estate in Mumbai. Bandra, known for its celebrity residents and upscale properties, remains one of the most coveted locations in the city. Kangana’s ability to secure a buyer willing to pay ₹32 crore is a testament to both the property’s desirability and her savvy in real estate investments.
Future Prospects
While the delay of Emergency is undoubtedly a setback for Kangana. The successful sale of her Bandra bungalow offers a silver lining. It not only showcases her financial acumen but also her resilience in navigating the complexities of both the film industry and the real estate market. As Kangana continues to make headlines, whether for her films or her real estate ventures, she remains a formidable presence in Bollywood and beyond.