Wednesday, May 28, 2008

Sachin buys Rs39 cr Bandra bungalow

Mumbai: Master blaster Sachin Tendulkar has bought an old bungalow in Bandra from the city-based Satra Properties for Rs 39 crore.
"Sachin has bought the property from us for Rs 39 crore and the deal was signed six months ago," Praful Satra, Managing Director, Satra Properties told PTI.
The bungalow, ‘Dorab Villa,’ is located bang opposite to Joggers' Park on Perry Cross Road. Satra Properties, a realty developer, had bought the property from Kishore Bajaj, a real estate developer, and sold it to Tendulkar soon afterwards in 2007.
Built in 1920, ‘Dorab Villa’ was originally owned by a Parsi family. It is a one-storey building measuring between 9,000 to 10,000 square feet. It is not yet clear what Sachin proposes to do with the property.
"The building is in average condition. If Sachin wants to retain the heritage building, he can do so or otherwise, he can build a new structure," Satra said.
The property falls under Coastal Regulation Zone-II.

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