Now Reading: Madhuri Dixit sells Mumbai properties for Rs 9.25 crore
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Madhuri Dixit sells Mumbai properties for Rs 9.25 crore
Actor Madhuri Dixit has sold an office in Andheri West and an apartment in Juhu for a combined Rs 9.25 crore, ETRealty reports. The Andheri office, measuring 1,594.24 sq ft, was sold…
The Story in Brief
Actor Madhuri Dixit has sold an office in Andheri West and an apartment in Juhu for a combined Rs 9.25 crore, ETRealty reports. The Andheri office, measuring 1,594.24 sq ft, was sold to Frames Production Company for Rs 4.85 crore. Dixit had bought it in 2008 for Rs 52.5 lakh. The deal included three parking spaces and attracted Rs 29.1 lakh in stamp duty.
Dixit and her husband, Shriram Madhav Nene, sold their 774 sq ft Juhu apartment to Sachin Shekar Shetty for Rs 4.4 crore. They had purchased it in 2012 for Rs 1.94 crore. The sale attracted Rs 26.4 lakh in stamp duty. The apartment was sold without parking, with the original stilt slot transferred separately, according to the registration document.
The Indian Opinion
Celebrity property sales often invite two lazy conclusions: that every high-value deal reflects a booming market, or that one gain proves effortless wealth creation. Neither follows here. The Andheri office benefited from an 18-year holding period, while the Juhu apartment’s return also reflects a long ownership period and location. The useful comparison is with similar commercial and residential transactions after accounting for taxes, maintenance and inflation. That evidence, rather than a single celebrity sale, will show how strong these markets really are.
Source: realty.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
