Now Reading: Madhuri Dixit sells two properties; Siddhant Chaturvedi buys second flat
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Madhuri Dixit sells two properties; Siddhant Chaturvedi buys second flat
Madhuri Dixit sells two properties; Siddhant Chaturvedi buys second flat
Bollywood actor Madhuri Dixit has sold two Mumbai properties, a commercial office in Andheri West and a residential apartment in Juhu, for a combined Rs 9.25 crore, according to registration documents accessed…
The Story in Brief
Bollywood actor Madhuri Dixit has sold two Mumbai properties, a commercial office in Andheri West and a residential apartment in Juhu, for a combined Rs 9.25 crore, according to registration documents accessed by property analytics firm CRE Matrix. The office, sold to Frames Production Company for Rs 4.85 crore on June 23, was bought in 2008 for Rs 52.5 lakh, a nine-fold gain. The Juhu apartment, sold on July 3 for Rs 4.4 crore to Sachin Shekar Shetty, had cost Rs 1.94 crore in 2012.
Separately, actor Siddhant Chaturvedi and his mother Meenal purchased a luxury apartment in the JVPD area for Rs 12.63 crore on July 31, according to Liases Foras. The seventh-floor flat in Namo Krishna building comes with robotic parking and is Chaturvedi’s second purchase in the same building in under two months, taking his total investment to over Rs 26.5 crore.
The Indian Opinion
The usual narrative that Bollywood celebrities are either cashing out or splurging wildly misses the point. Madhuri Dixit’s 18-year hold on an Andheri office yielded a nine-fold return, hardly a panic sell. Siddhant Chaturvedi’s two purchases in one building might look like a bet on JVPD, but he is paying nearly Rs 26.5 crore for less than 4,000 sq ft, a price that demands sustained liquidity. The real test will be whether Mumbai’s stamp duty collections (which jumped on these deals) stay buoyant through 2027. If they dip, the luxury story may have peaked.
Sources (2): realty.economictimes.indiatimes.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
