Renowned Bollywood actress and filmmaker Kangana Ranaut has once again made headlines, but this time it’s not for her upcoming historical drama “Emergency.” According to reliable sources, Kangana has successfully sold her luxurious Pali Hill bungalow in Mumbai for a remarkable sum of 32 crores. This high-profile deal marks a significant financial gain for the actress.
Kangana Ranaut, whose fan base eagerly awaits the release of “Emergency,” had purchased the opulent bungalow in 2017. The initial investment made by the actress was approximately 20.7 crores. Since then, the property had become a notable asset in her real estate portfolio. Interestingly, the bungalow had also drawn attention for being highly controversial due to its partial demolition by the Brihanmumbai Municipal Corporation (BMC).
Heightening the intrigue around this transaction, reports suggested that by December 2022, Kangana had taken a substantial loan against the property from ICICI Bank, totaling 27 crores. The dramatic turn of events came in August when the star listed the property for sale with an ambitious asking price of 40 crores. While the final sale was settled at 32 crores, Kangana still appears to have made a tidy profit on her initial investment.
Neither Kangana nor her team has released an official statement regarding the sale of this high-value property. However, representatives from Code Estate, including notable agent Simran Gupta, confirmed that the bungalow had generated considerable interest within the real estate market. Gupta further revealed in an interview with the “Times of India” that the bungalow had been listed for sale and had caught the eye of numerous potential buyers, underscoring the property’s attractiveness despite its past controversies.
To understand the turbulent history of the Pali Hill bungalow, one must revisit the infamous events that led the BMC to demolish part of the structure. In a high-stakes public feud, Kangana clashed with Uddhav Thackeray, then Chief Minister of Maharashtra, and Sanjay Raut, a prominent Shiv Sena MP.
. The conflict escalated amidst the uproar surrounding actor Sushant Singh Rajput’s tragic demise. Accusations flew, and eventually, the BMC cited “illegal alterations” as the reason for demolishing parts of Kangana’s property. Following the demolition, an offer of 2 crores in compensation was made to Kangana, which she firmly declined.
Amid these property dealings, Kangana’s cinematic journey continues to generate buzz. Her upcoming film “Emergency” has successfully navigated the hurdles posed by the Central Board of Film Certification (CBFC). The CBFC has officially granted the movie a UA certificate, albeit with mandates for additional edits and disclaimers regarding the historical events depicted in the film. The film, which dramatizes the period of the Emergency imposed by then-Prime Minister Indira Gandhi in 1975, has been a subject of heated debate since its trailer was released on August 14.
The UA certification implies that “Emergency” can be viewed by a general audience but with parental guidance due to the sensitive nature of its content. The film has been under review since July 8, and the CBFC’s recent approval signifies an important milestone for Kangana and her team. While the exact release date of “Emergency” remains undisclosed, industry insiders speculate that an update is forthcoming.
The film’s trailer has sparked diverse reactions, with some critics calling for its outright ban. The plot delves deep into the political and personal life of Indira Gandhi, culminating in her assassination by her bodyguards. Such controversial subject matter has generated a polarized response from both political commentators and audiences alike.
In summary, Kangana Ranaut’s event-filled life continues to capture public attention, whether through her real estate moves or her bold forays into politically charged filmmaking. As she transitions from a high-stakes property sale to gearing up for the consequential release of “Emergency,” Kangana remains an indomitable figure in the Indian entertainment landscape. Her Pali Hill bungalow’s sale at 32 crores is yet another testament to her unique knack for making significant and impactful decisions, both on and off the screen.
