Article by Sandeep Sadh posted on Apr 25, 2023 Alia bhatt buys house in Pali Hill Bandra Eternal Sunshine Production, the production house owned by Bollywood actor Alia Bhatt, has acquired a luxurious residential apartment in Mumbai's posh Pali Hill area for Rs 37.80 crore. The apartment, located on the sixth floor of Aerial View building on Nargis Dutt Road, boasts a carpet area of around 2,500 sq ft and comes with two dedicated car parking slots. The deal was registered on April 10 after being concluded on April 6. The stamp duty for the transaction, amounting to Rs 2.26 crore, was entirely paid by Alia. The apartment is one of the most expensive properties in Pali Hill area, with a transaction value of over Rs 1.51 lakh per sq ft. Alia Bhatt also owns 2 flats in Juhu in the same building and the last deal of one of the flats was done in Juhu by Sandeep Sadh from Mumbai Property Exchange. The 2 flats are said to be now gifted to her sister Shaheen Bhatt. Sandeep Sadh is of the view that the Pali Hill deal is a personal need based transaction to be in the same building as that is where the entire eco system is and both Alia and Ranbir are comfortable in their zone and they got married there. Most of the super premium transactions are happening in Mumbai in the range above 1.00 Lakh Per Sq.ft. Last month the Lodha Walkeshwar Transactions were in the news of reaching PSF rates above 1.40 Lacs and this transaction at 1.51 lakhs in Bandra affirms that there are buyers for super premium properties. Inspite of the Government imposing the Tax threshold of 10 Cr on Capital Gains reinvestment, the large transactions are not impacted as they are need based. AUTHOR Sandeep Sadh Experience in Transactions, Knowledge of the Real Estate Market, Understanding of the Legal Matters and its Implications on a transaction and knowing Ground Realities and to be the Founder - CEO of one of the most connected Real Estate Advisory Firms and in being in the consulting advisory real estate business Since 1993 has given Mr.Sandeep Sadh an edge in the market. He has been a Columnist in Times of India and engaged in Buying, Selling and Leasing of Residential and Commercial Properties. He writes basis on the Current Market condition with Research and Analysis of various Micro Markets etc.