Ranveer Singh gets ready to move into Shah Rukh Khan Mannat, as he has reportedly bought a sea-facing luxury quadruplex in Mumbai’s Bandra worth Rs 119 crore, according to reports.
Ranveer has bought the home nearby SRK’s home along with his father Jugjeet Sundersingh Bhavnani’s firm Oh Five Oh Media Works LLP, as per report that it out now.
Ranveer Singh’s New Home is near Shah Rukh’s Mannat
The luxurious quadruplex of Singh, husband of actor Deepika Padukone, reportedly spread across the 16th 17th, 18th, and 19th floors of the under-construction Sagar Resham Co-operative Housing Society. The property has a carpet area of 11,266 sq ft, while it has an exclusive terrace of 1,300 sq ft. The house, which offers an unobstructed view of the Arabian Sea, will also give the owner access to 19 car parking spaces in the building, reports suggest.
The quadruplex, if calculated per sq ft rate without the terrace area, is worth Rs 1.05 lakh per sq ft.
Oh Five Oh Media Works LLP on July 8 registered the agreement of sale for the purchase of a quadruplex located on BJ Road in Bandra’s Bandstand, showed documents provided by Indextap.com.
The documentation, carried out on July 6, showed that the seller was Enorm Nagpal Realty LLP, while the buyer was Bhavnani’s firm. On behalf of Oh Five Oh Media Works LLP, Singh’s father Bhavnani signed the documents, the HT report said.
Ranveer Singh, according to documents, paid Rs 118.94 crore for the quadruplex while the stamp duty paid for the registration was Rs 7.13 crore, the report said.
Last year, the Bajirao Mastani couple bought a bungalow in Alibaug worth Rs 22 crore.
A quadruplex apartment is a house with four private units, each of which can house a different person or family. A quadruple or quadruple-plex has several significant advantages over a single-family home for real estate investors looking to purchase.
If the owner resides on-site, a quadruplex can provide three single-family investment homes with the same cash flow potential as four. In addition to having lower property taxes than four individual rental properties, quadruples are a wise investment that yields healthy returns.
WHAT IS A QUADRUPLEX APARTMENT?
A quadruplex, as defined above, is a home containing four independent apartments, each of which can house a person or family.