Last Updated: March 13, 2024, 11:14 IST
Luxury Bungalow Next To Amitabh Bachchan’s Jalsa Up for Auction
The Deutsche Bank has put up a bungalow neighboring Amitabh Bachchan’s Jalsa for public sale
Amitabh Bachchan’s Mumbai dwelling, Jalsa, is likely one of the hottest residential properties in Mumbai. It has additionally changed into a vacationer spot for hundreds of followers who collect day-after-day to satisfy the actor. However, residing proper subsequent to the Bollywood famous person could be a golden alternative for anybody. An analogous alternative is right here, because the Deutsche Bank has put up a bungalow neighboring Amitabh Bachchan’s Jalsa for public sale. Said to be situated close to Juhu Beach in Mumbai, the to-be-auctioned bungalow has been put beneath public sale with a reserve value of Rs 25 crore.
According to a public discover issued by the financial institution, the bungalow is being auctioned beneath the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) of 2002, following a failure to repay a mortgage mortgage in opposition to the bungalow. It additional states {that a} demand discover was despatched in April 2022, calling upon the debtors and co-debtors of Seven Star Satellite Pvt. Ltd., together with others, to repay the excellent due of Rs 12.89 crore throughout the subsequent 60 days. However, after the events did not repay the excellent steadiness, the financial institution took possession of the property mortgaged with it.
It is pertinent to notice that as per the norms of actual property, in circumstances the place debtors are unsuccessful in repaying the excellent quantity, banks are entitled to promote the properties at a reduced value. This permits potential consumers to get deal whereas buying the property.
Luxury Bungalow Auction Details
The public sale is scheduled to happen on 27 March with a reserve value of Rs 25 crore and an EMD (Earnest Money Deposit) quantity of Rs 2.50 crore.
Speaking of the bungalow, it has a carpet space of 1,164 sq. toes together with an open house of two,175 sq. toes.
The upcoming public sale comes days after a couple of different main property offers in Mumbai’s actual property market. In February, Girdhari Lal Bawri, the Managing Director of Macleods Pharmaceuticals, acquired a 3,600-sq.-foot bungalow in Mumbai’s Vile Parle space for a whopping value of Rs 101 crore. On the opposite hand, actor John Abraham additionally made a current buy of a 5,416-sq.-foot bungalow within the Khar space for Rs 70.83 crore, based on a Home India Magazine report.
