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Kangana Ranaut Sells Mumbai's Pali Hill Bungalow At Rs 32 Crore, Makes THIS Much Profit-- In Pics
This is the same bungalow that was in the centre of a controversy in 2020 over BMC demolition drive, following which Kangana Ranaut had filed a petition in the court.
Kangana Sells Mumbai Bungalow For Rs 32 Crore
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Actor cum newly-elected BJP MP Kangana Ranaut has reportedly sold her bungalow in Mumbai's Pali Hill, for Rs 32 crore, a report by Zapkey has mentioned.
How Much Profit Did Kangana Make Upon Selling Mumbai Bungalow?
The property registration documents reviewed by Zapkey found that the sale of the property has yield a total return of 55 percent, translating into a Compound Annual Growth Rate (CAGR) of 6.4 percent
Kangana Bought Mumbai Bungalow In 2017
The bungalow, was bought in September 2017 for Rs 20.7 crore and has also been used as the office for Kangana's production house, Manikarnika Films.
Kangana Took Loan Against Mumbai Bungalow
Zapkey has mentioned that Ranaut took a loan of Rs 27 crore loan from ICICI Bank against the property in December 2022.
Kangana's Mumbai Bungalow Total Area
With a total area of 3075 square feet, the bungalow includes a 565 sq ft parking space.
BMC Demolition Controversy Of Kangana's Mumbai Bungalow
A part of the same bungalow, was demolished by the Brihanmumbai Municipal Corporation (BMC) on September 9, 2020.
BMC Demolition Controversy Of Kangana's Mumbai Bungalow
Ranaut had later filed a petition claiming that the BMC had acted out of malice following her tweets against the Mumbai police that had irked the Shiv Sena-led Maharashtra government.
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