Dilip Kumar's 71-year-old Pali Hill bungalow sold for Rs 172 crore, property worth Rs 900 crore is being built here

Late Bollywood actor Dilip Kumar's luxurious seafront bungalow in Pali Hill, Mumbai has been sold for Rs 175 crore. It is being told that the bungalow which was to be demolished has now been converted into a luxurious apartment. According to the property registration documents shared by Zapkey.com, the triplex apartment located in front of the sea has been bought by a company named Apco Infratech Private Limited.

This triplex apartment is located on the 9th, 10th and 11th floors of the building, has a huge carpet area of ​​9,527 sq ft and was purchased at the rate of Rs 1.62 lakh/sq ft. Apart from the purchase price, the stamp duty on it was Rs 9.3 crore and a registration fee of around Rs 30,000 was paid.

A museum will also be built in honor of Dilip Kumar

In the year 2023, it was announced that the Thane-based Usher Group has started a project to renovate a bungalow, with which a luxurious 10-11 storey residential building will be built and a museum will also be built here in honor of Dilip Kumar. Let us tell you that Dilip Kumar passed away in July 2021.

He moved out of this bungalow in 1966

Let us tell you that the actor bought the bungalow from Abdul Latif in September 1953. However, after marrying Saira Banu in 1966, Kumar left that bungalow to live with his wife.

This will generate revenue of Rs 900 crore.

The redevelopment project, named 'The Legend', will have upscale 4 and 5 BHK apartments. Apart from this, the project will also include a 2,000 sq ft museum dedicated to the late superstar. In 2016, Dilip Kumar is said to have signed a development agreement with the Usher Group for this luxury project. The developer announced in 2023 that the building will include 15 high-end apartments. The project is expected to be completed by 2027 and is expected to generate a revenue of Rs 900 crore.