In a recent development reported by multiple sources, renowned actress and BJP MP Kangana Ranaut is planning to sell her luxurious Mumbai bungalow, located in the upscale neighborhood of Bandra. Valued at a staggering Rs 40 crore, this opulent property is not just any ordinary home; it also doubles as the office for her production house, Manikarnika Films.
This very bungalow made headlines back in 2020 when it became embroiled in controversy following a partial demolition carried out by the Brihanmumbai Municipal Corporation (BMC). At the time, BMC claimed that unauthorized construction work had been conducted on the property without the requisite permissions. The demolition sparked a legal battle and a war of words between Kangana and the state government, with the actress accusing the authorities of targeting her without cause. She even took the matter to Bombay High Court, which issued a stay order on the demolition.
The controversy didn’t end there. Kangana took legal action against BMC, seeking ₹2 crore in damages for the losses she incurred. However, reports indicate that she later dropped her compensation demands in May 2023.
Despite the legal and bureaucratic issues, the bungalow has always been a point of pride for Kangana. It houses her production company, Manikarnika Films, and has been meticulously renovated by her following the demolition. The actress has often shared visuals of the house on social media, showcasing its stunning architecture and sophisticated design.
The property sale news came to light through a Youtube channel called Code Estate, which uploaded a video featuring the bungalow. Although the video did not explicitly mention Kangana’s name, the familiar images of the residence were enough to confirm its ownership. The video detailed that the plot size of the bungalow is 285 square meters with a built-up area of 3042 square feet, and it’s projected to be sold for a whopping Rs 40 crore.
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The news of the sale has generated considerable buzz, especially given Kangana’s plans for her film career. She is currently gearing up for the release of her latest cinematic venture, ‘Emergency,’ a film where she takes on the role of India’s first female Prime Minister, the late Indira Gandhi. This film, produced by Zee Studios and Manikarnika Films, is a high-budget portrayal of one of the most controversial episodes in Indian political history. It promises to delve into the complexities of Indira Gandhi’s leadership during a period fraught with intense political turmoil. Slated for release on September 6, 2024, the film is expected to be a landmark in Kangana’s already illustrious career.
In terms of property value, the bungalow’s high price tag can be attributed not only to its prime location in Bandra but also its storied history and the premium renovations Kangana has invested in. Real estate in Mumbai, particularly in areas like Bandra, has always been in high demand, with properties fetching exceptionally high prices due to their strategic location, luxury amenities, and celebrity association.
Moreover, for a production house, the property is a perfect fit, offering ample space for creative operations and business meetings. The state-of-the-art amenities incorporated into the bungalow post-renovation make it an even more attractive proposition for potential buyers who may want to use it for business and personal purposes alike.
Kangana’s decision to put the property on the market might be influenced by her increasingly busy schedule and evolving career dynamics. As an influential figure in Bollywood and now in the political sphere, Kangana’s professional commitments are continually expanding, potentially necessitating a shift in her logistical and residential priorities.
While Kangana has yet to make an official statement regarding the sale, the buzz surrounding this high-profile property transaction is intensifying. Real estate experts believe that given the property’s history, luxury features, and prime location, it will attract considerable interest from high-net-worth individuals looking to invest in Mumbai’s lucrative real estate market.
As the story develops, industry watchers and fans alike will be keenly tracking who might become the new owner of this iconic piece of Mumbai real estate. Whether for its controversial past or its glamorous present, Kangana Ranaut’s Bandra bungalow remains a focus of public and media attention, encapsulating the intersecting worlds of celebrity, politics, and real estate drama in India.
