Shah Rukh Khan’s son Aryan acquires two floors of Panchsheel Park building in Delhi for ₹37 crore: Report

  • Shah Rukh Khan owns a 27,000 sq-ft heritage villa in Panchsheel Park, which he acquired in 2001 for more than 13 crore.

Livemint
Updated29 Jul 2024, 06:23 PM IST
Aryan Khan's recent  <span class='webrupee'>₹</span>37 crore investment in two floors at Panchsheel Park, South Delhi, adds to the Shah Rukh Khan family's existing property
Aryan Khan’s recent ₹37 crore investment in two floors at Panchsheel Park, South Delhi, adds to the Shah Rukh Khan family’s existing property(AFP)

Shah Rukh Khan's son, Aryan Khan, has invested 37 crore in two luxury floors at Panchsheel Park, South Delhi, as reported by media. The upscale residence has been designed by Gauri Khan, Shah Rukh Khan's wife.

Notably, Shah Rukh Khan owns a 27,000 sq-ft heritage villa in Panchsheel Park, which he acquired in 2001 for more than 13 crore.

Also Read | Mohandas Pai questions Centre’s tax on property sale, says citizens need answers

According to Economic Times, Aryan Khan's recent 37 crore investment in two floors at Panchsheel Park, South Delhi, adds to the Shah Rukh Khan family's existing property, which includes the basement and ground floor. The building is of sentimental significance, as Shah Rukh Khan and his wife Gauri previously lived there during the early years of their career.

Documents reviewed by Economic Times reveal that the transaction, registered in May 2024, included a stamp duty payment of 2.64 crore by Aryan Khan.

Also Read | After son Abhishek Bachchan, now Amitabh Bachchan buys two properties in Mumbai

The report further states that since the lifting of Covid lockdown restrictions, areas around Rashtrapati Bhavan and South Delhi have experienced a surge in high-value real estate transactions.

In June 2022, Amitabh Bachchan sold his Delhi property, Sopaan, located in Gulmohar Park, for 23 crore. This residence, which was previously home to Bachchan's parents, Harivansh Rai Bachchan and Teji Bachchan, was a significant part of the actor's real estate portfolio.

In June 2024, it was reported that Abhishek Bachchan acquired six apartments in the prestigious Oberoi Sky City project in Borivali. According to property registration documents from Zapkey.com, the Bollywood actor invested 15.42 crore in this high-profile transaction, which was completed on May 28, 2024.

Also Read | Why is India’s luxury residential market seeing a significant rise in demand?

In July 2022, Bollywood actor Ranveer Singh and his dad Jugjeet Sundersingh Bhavnani’s firm Oh Five Oh Media Works LLP bought a sea-facing luxury quadruplex worth 119 crore in Mumbai's Bandra.

The acquisition by Ranveer Singh is one of the priciest single residential deals in India. The apartment, situated between Salman Khan's Galaxy residence and Shah Rukh Khan's iconic bungalow Mannat, is located on Mumbai's exclusive Bandstand stretch.

Spanning the 16th to 19th floors of the Sagar Resham Co-operative Housing Society on BJ Road, Bandstand, this luxurious property represents a significant addition to Mumbai's high-end real estate market, as detailed in documents from Indextap.com.

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First Published:29 Jul 2024, 06:23 PM IST
Business NewsCompaniesNewsShah Rukh Khan’s son Aryan acquires two floors of Panchsheel Park building in Delhi for ₹37 crore: Report

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