26 Dec Raj Kapoor’s bungalow in Chembur to Sunil Dutt’s bungalow in Pali Hills: Celebrity homes big draw for buyers
People pay millions for any article once owned by celebrities. Real estate gets a bigger rub of star power, as houses owned by film stars have extra appeal for buyers. No wonder then, developers are lapping up a fair share of Bollywood bungalows and converting them into super luxury residential projects.
In February, Godrej Properties bought legendary actor Raj Kapoor’s bungalow in Chembur, Mumbai, estimated at Rs 100 crore. In September, superstar Dev Anand’s bungalow in Juhu was reportedly sold for Rs 350-400 crore to be converted into a 22-storey tower, while actor Dilip Kumar’s Pali Hill bungalow estimated around Rs 350 crore will also be converted into a luxury residential project.