NewDelhi: Veteran actor Jeetendra has had an illustrious movie career. He has featured in more than 200 films in a career spanning over six decades and worked with the best of the best from the showbiz world. In his recent interview, the iconic star recalled buying a bungalow in Mumbai’s upscale Pali Hill at a steal deal amount.
How Jeetendra bought this plush Pali Hill house
While speaking to The Realty Drive, Jeetendra shared that actor Bharat Bhushan suffered a financial crisis and was forced to sell his Pali Hill bungalow for just Rs 4.25 lakh. According to TOI report, the plot is now valued at around Rs 450 crore.
Jeetendra said, “He was a huge star in those days who had done films like Baiju Bawra. He came to me with the offer to buy his Pali Hill bungalow. When I spoke to my father, he said, ‘Let’s also buy a bungalow.’ Until then, we had lived a very lower-middle-class life. I used to live in a 20×10 room; eight people stayed together in a chawl. I finally bought the bungalow for Rs 4.25 lakh. What was even more shocking was that it came with a 3,450 sq ft plot at the same price.”
Jeetendra raked in almost 3 times the purchase price
“You won’t believe it, but when it was demolished, I received ₹11.5 lakh just for the Burma teak used in its construction. I had bought the entire bungalow for ₹4.25 lakh and earned ₹11.5 lakh from the wood alone,” Jeetendra said while recalling how once a developer approached him with a redevelopment proposal. The actor earned nearly three times the bungalow’s purchase price from the Burma teak wood used in its construction alone.
Bureau Report
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