Mumbai: To take care of financial worries, Bollywood actor Abhay Deol has had to mortgage his Juhu flat. A public notice has been published in this regard.
The apartment is located in Pandurang Co-operative Housing Society in Pandurang Wadi, Juhu. The evaluation of the flat won’t be more than Rs 2-3 crore as no specific details of the loan amount are available.
Notify that his maiden production ‘One By Two’ doing terribly at the box office, Abhay Deol’s monetary woes are the result of it. Besides this, the film couldn’t earn money off its music, because the producers had a tussle with the record label over contract issues.
The expenditure on the film was Rs 8 crores. Abhay Deol produced it with five other people.
Abhay Deol while confirming the matter, said, “I have availed a loan for which I had to give papers for this property as surety.”
A source close to actor added, “He is currently residing in another house of his in Santacruz. He is redoing his Goa property.”
If he fails to repay the loan, the bank would declare his property as a Non-Performing Asset, seize it, and later auction it off.
Bureau Report
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