Thursday, June 07, 2012

Salman Khan 'overpays' for flat, lands in trouble

I've seen some flats which have a parking lot on each floors. Most brokers say the buyers will convert it to the living space in the future. Salman's case will cause immense grief to these buyers as BMC will slap big fines on these flats. 

 By Sudhir Suryavanshi | Agency: DNA 

Bollywood actor Salman Khan has once again landed in trouble for paying a higher amount than the actual market value of a house in ‘The Address’ building at Bandstand in Bandra (West). Khan has bought a 1,079-square metre carpet area on the 11th floor of the 28-storey building. The building is being developed by Samudra Developers Pvt Ltd of the Dheeraj Group. Besides paying Rs1. 64 crore towards stamp duty, Khan has paid almost Rs20 crore for the said area. “It comes to almost Rs1.80 lakh per square feet, against the market rate of Rs25,000 to Rs30,000. The amount is six times more when compared to the existing market rate. It is quite high. It must be a case of money laundering,” said YP Singh, an activist who played a major role in exposing the controversial Adarsh Housing scam. 



209 comments:

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Anonymous said...

Shutdown the blog. Shutdown the blog. Shutdown the blog. Shutdown the blog. Shutdown the blog. Shutdown the blog. Shutdown the blog. Shutdown the blog. Shutdown the blog. Shutdown the blog. Shutdown the blog. Shutdown the blog

ChintaMoney said...

http://articles.economictimes.indiatimes.com/2012-06-07/personal-finance/32101246_1_loan-borrower-base-rate

"....The new product, called 'SBI Home Equity scheme', gains relevance in the context of the rise in property prices over the last few years...."
Does this sound familiar? Using home as ATM?

DhImAn said...

ET: Record NRI deposits not enough to stem rupee fall

Is that on topic or what ;-)

GangStar said...

Yes; last two seems to be spot on; blog can stay......

DhImAn said...

Thank you, your eminence.

analog said...

if NRIs had an iota of sense, they wont touch these deposits with a barge pole. Think of the ones that rushed to deposit in december 2011. 10% appreciation my a$$, rupee has depreciated more than 10% in 6 months.

it is like friends and family giving to that hapless drunk because he is family.

Stalker said...

Not sure if someone already commented on this but 1079 square metre is 11582 square feet. Divide 20 crore by 11582 and the cost is 17,268 per square feet.

So will Mr. YP Singh now say he paid less than market value as its a stunt to promote Ek Tha Tiger?

Sheep... all of you.

Problem is nobody will read this comment anyways and keep reading this fear mongering site.

I agree with prices not being justified/builders losing money/bad times etc etc etc but get your head out of your goddamn asses!

deepu said...

I appreciate you sharing this blog. Thanks.....................
3 BHK Flats in Ahmedabad

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