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Sachin Tendulkar buys bungalow in Bandra for Rs 39 crore
18.00 IST 28th May 2008
Master Blaster Sachin Tendulkar has bought an old bungalow in suburban Bandra from Mumbai-based Satra Properties for Rs 39 crore.
"Sachin has bought the property from us for Rs 39 crore and the deal was signed almost six months ago," Praful Satra, Managing Director, Satra Properties said.
The bungalow, Dorab Villa, is located bang opposite to Joggers' Park on Perry Cross Road.
Satra Properties, a realty developer, had bought the property from Kishore Bajaj, a real estate developer, and sold it to Tendulkar soon afterwards in 2007.
Built in 1920, Dorab Villa was originally owned by a Parsi family. It is a one-storey building measuring between 9,000 to 10,000 square feet.
It is not yet clear what Sachin proposes to do with the property.
"The building is in average condition. If Sachin wants to retain the heritage of the building, he can do so or otherwise, he can build a new structure," Satra said.
The property falls under Coastal Regulation Zone-II.
Tendulkar has ventured into an area which is normally the abode of Bollywood stars and speculation is rife that he may construct a multi-storeyed building there at a cost of another Rs.300 million.
It is at the southern hub of Mumbai's so-called "Glamour Crescent", which starts from Bandra and ends at Oshiwara, and is home to the who's who of India's entertainment and glamour industry.
"Now, Tendulkar will be in the neighbourhood of the Bollywood star Naseeruddin Shah," said one of the residents who has been living in the neighbourhood for the last 52 years.
This is the place where once Sahir Ludhianvi, Majrooh Sultanpuri, Sunil Dutt, Sanjay Dutt, Priya Dutt, the late Naushad Ali, Dilip Kumar, Rajesh Khanna, Rekha and many others have stayed on and off, the to-be neighbour added.
Abhishek and Aishwarya Rai-Bachchan will move in soon. Their bungalow is being built a kilometre away at Carter Road.
Barely a stone's throw away are the homes of film stars Shah Rukh Khan, Salman Khan and his clan, Preity Zinta, Urmila Matondkar and many others.
The bungalow was lying vacant for the last five years and has been frequently inspected by various property dealers, builders and other moneybags interested in exploiting its value, both locational and commercial. Tendulkar and his family checked out the place a few times before zeroing in on it, sources added.
The bungalow was bought by Kishore Bajaj who later sold it to a developer, Praful Satra of Satra group. Tendulkar bought the property from Satra group last December, sources in the group said.
The location of the place makes it special, said a local estate agent. It is next to Carter Road. Nearby are the Jogger's Park and the Otter's Club that has produced some of the country's top swimmers, Anita Sood and her sister Kavita.
The estate agent said besides, the greenery and the infrastructure around, new malls, multiplexes, some of the best eateries and shopping plazas also make it one of the special places in northwest Mumbai.
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