Sources in the real estate industry claim that the Dabangg actor has sealed the deal for possession of a sprawling 14,000 sq feet plot located at a prime spot in Linking Road, Santacruz
After reprising his role as Chulbul Pandey in two successive films, Bollywood superstar Salman Khan is all set to reassert his dabang, this time in real life. Word is in from sources in the real estate business that Salman Khan has purchased a plot sprawling over nearly 14,000 square feet in Linking Road, Santacruz, which has an estimated value of Rs 120 crore.
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Chulbul’s territory? The plot, which was earlier occupied by Yantrik Society, a multi-storeyed building with 16 flats. Pic/Satyajit Desai
Parthesh Developers inked the deal some time last month, and the plot will be registered as his property very soon. The superstar is likely to construct an office on the plot.
The builder was initially tightlipped about the sale, only letting on that he had been in talks with the actor. “I am planning to sell the plot, but talks are on with many people and no money has been exchanged yet,” insisted Nirav Shah.
However, real estate sources operating in Bandra and Santacruz confirmed that the builder has sold the plot to Khan, who has already made some part of the payment.
Yantrik Society, a ground plus three floors multi-storeyed building that housed 16 flats, occupied the plot earlier. Parthesh Developers bought the plot nearly two years ago, and the building was vacated and demolished in mid-2012.
“The builder had plans of erecting another multi-storeyed structure at the spot, but things didn’t materialise and so he had put the plot up for sale and was looking for buyers who would purchase it immediately. Salman showed interest and even bought the plot. He now plans to construct a building that would be his office in future,” revealed a broker.
The plot is situated on prime location, touching Linking Road. “It has good commercial value, which will increase once the structure comes up. The building can be up to 12 storeys high and a maximum FSI of 2.35 can be availed, which would involve TDR and fungible FSI,” said another realtor.
Khan was unavailable for comment, and a source close to him denied the development. u00a0
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