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Dev Anand’s Iconic Juhu Bungalow Sells at Record-breaking Price, Making Way for Spectacular 22-storey Tower: Report | Bollywood News

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Dev Anand’s Juhu bungalow sold for massive amount, to be replaced by a 22-storey tower: Report

Dev Anand’s Juhu bungalow sold for massive amount, to be replaced by a 22-storey tower: Report

Legendary actor Dev Anand’s bungalow in Juhu sold for a whopping amount and will be demolished to make way for a 22-storey tower, according to Hindustan Times.

Summary

The late superstar Dev Anand’s bungalow in Juhu, Mumbai, has recently been sold at an estimated sum of Rs 350-400 crore. Dev Anand and his family spent four decades at the property. The bungalow has been acquired by a real estate company which plans to demolish it and build a 22-storey tower in its place. Dev Anand’s children, Suniel and Devina, have decided to sell the property due to the challenges of its maintenance.

Key Points:

  • Dev Anand’s Juhu bungalow has been sold for a massive amount.
  • A real estate company plans to demolish the bungalow and build a 22-storey tower in its place.
  • The decision to sell the property was made by Dev Anand’s children, Suniel and Devina.
  • They sold additional properties in Panvel, Maharashtra.
  • The proceeds from the sale will be divided among the three family members.
  • The late actor Dilip Kumar’s Pali Hill bungalow may also face a similar fate.

Background

Dev Anand, a legendary actor, and his family spent several decades at their Juhu bungalow. However, due to the challenges of maintaining the property, his children have decided to sell it. A real estate company has acquired the bungalow and plans to demolish it to make way for a 22-storey tower.

Dev Anand’s children, Suniel and Devina, live in the United States and Ooty, respectively, and have sold additional properties in Panvel, Maharashtra. The sale proceeds will be divided among the family members. Similar plans are rumored for the late actor Dilip Kumar’s Pali Hill bungalow.

Implications

The sale of Dev Anand’s bungalow marks the end of an era. The transformation of the Juhu area into a bustling prime location has prompted the decision to sell the property. The development of a 22-storey tower in its place reflects the changing landscape of Mumbai’s real estate.

Conclusion

The sale of Dev Anand’s Juhu bungalow for a massive amount and its subsequent demolition for a new tower showcases the evolving nature of the city’s real estate market. As iconic bungalows make way for modern developments, the legacy of Bollywood and its stars’ residences undergoes a transformation.


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