Amitabh Bachchan buys a Bungalow for 31 Crore & Ajay Devgan buys one for 60 Crore

Ramesh Agrawal (LL.B. & CA)

The economic slowdown and pandemic have not stopped the bollywood celebrities from investing in Plush Properties.

Amitabh Bachchan buys duplex in Andheri for Rs. 31 Crore & Ajay Devgan has purchased a bungalow in Juhu for Rs. 60 Crore.

Alia Bhatt, Janhvi Kapoor & Hrithik Roshan has also purchased the luxurious properties.

Actor Amitabh Bachchan’s duplex has 2 Floors in the building measuring 5000 Sq. Feet. Bachchan’s duplex have 6 Car Parking.

Actor Ajay Devgan’s new bungalow is not far from his existing bungalow ‘Shakti’ situated in Kapole Co-operative Housing Society Ltd at Juhu and new bungalow is spread across 590 sq. yards.

Crystal Pride Developers started construction of their new project names “Atlantis” situated in Andheri, West Mumbai and the actor Amitabh Bachchan showed his interest for the property.

Representative of Ajay Devgan & Kajole confirmed that the couple were looking for a new home for the past one year. Other celebrities such as Akshay Kumar, Hrithik Roshan, Amitabh Bachchan & Dharmendra have also purchased properties in the same area.

Actor Amitabh Bachchan got the property registered in April and paid the Stamp Duty of Rs. 62 Lakhs. This Property will be counted as 5^th Property of Bachchan’s.

Deal took place last year and the Kapole Co-Operative Housing Society transferred the Bungalow in the Joint names of Veena Virendra Devgan and Ajay Devgan.

The bungalow was previously owned by late Pushpa Valia. According to the Real estate sources market price of the bungalow is approximately Rs 65 to 70 Crores, but due to the epidemic, the actor may have bought it at a discounted rate.

Comments

RERA SHOULD BE ABOLISHED - SUPREME COURT

CA Ramesh Agrawal On 12 th February 2026, the Supreme Court expressed serious dissatisfaction with the functioning of the Real Estate Regulatory Authority (RERA), indicating that the institution, should be abolished in its current form. In this regard please note: - The Hon. Supreme Court strongly criticized the current functioning & working of RERA and observed that RERA should be abolished in its existing form & there is a need to rethink the role being played by it. The Apex court urged all States to examine who is actually benefiting from RERA’s functioning. The Bench comprising of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi observed that RERA is helping defaulting builders rather than effectively protecting homebuyers or fulfilling its intended objectives. The Bench emphasized that States should revisit the original purpose behind the enactment of the RERA Act. As quoted by Bar and Bench, CJI Surya Kant stated “ All States should now think of...

Supreme Court Ruling Warns Homebuyers: Registration Is Not Ownership

CA Ramesh Agrawal The Supreme Court in a significant ruling has stated that only registering a property does not make someone its legal owner. The judgement, delivered in the Mahnoor Fatima Imran vs M/s Visweswara Infrastructure Private Limited case, has direct implications for millions of Indian homebuyers and investors. If someone has bought a property solely based on a registered sale deed, then have a look at the below points. Understanding the Law: Registration Does Not Equal Ownership “Ownership of a property comprises several aspects, of which registration is only one,” says Mr. Harsh Parikh, partner at a Law Firm, Khaitan & Co. Under Indian law, properties above Rs. 100 require registration, but that’s not all. “A buyer must also prove full payment, possession, and custody of original title documents,” he explains. Chairman and Director of Prime Developments, Mr. Rakesh Malhotra stated that “Registration provides prima facie evidence of a transaction, but it doesn’t c...

FIR Filed Against Builder for Alleged Fraud

CA Ramesh Agrawal An FIR has been registered by The Economic Offences Wing (EOW) of the Delhi Police against Gurugram based real estate company Experion Developers Private Limited and its related entity, Experion Capital Private Limited, following a complaint filed by the Enforcement Directorate (ED), according to an official statement. The complaint raised from the ED’s investigation into an alleged money laundering case involving Religare Finvest Limited (RFL). During the probe, the ED found that former promoters of RFL, Malvinder Mohan Singh and Shivinder Mohan Singh, allegedly diverted around Rs 2,036 crore through entities under their control. As part of this diversion, the ED alleged that Rs 150 crore from RFL was used to acquire a 27.86-acre land parcel in Sector 62, Gurugram. On 4 th February 2020, the ED attached this land, which also included a 9.1-acre portion owned by Dignity Buildcon Private Limited. During further investigation, the ED observed that the Exp...

RERA Master

Search This Blog