Harbhajan Singh sold his Mumbai flat (AFP Image)
The deal is a result of the revival of growth in the property market as the impact of COVID-19 subsides across the country.
Cricketer Harbhajan Singh has sold his apartment in Mumbai for Rs 17.58 crore, Hindustan Times reported, citing documents accessed by real estate firm Zapki. JBC International LLP has purchased this luxury property by paying a stamp duty of Rs 87.9 lakh. The 2830 sq ft apartment, which Harbhajan bought in December 2017, is located on the ninth floor of Rustomjee Elements Building in Andheri West. The property was registered in Harbhajan’s name in March 2018 for Rs 14.5 crore.
Harbhajan and JBC International LLP, after completing the formalities, carried out the fresh sale of the property on November 18. Rustomjee Elements offers 3,4 and 5-BHK luxurious apartments equipped with all modern amenities.
The deal is a result of the revival of growth in the property market as the impact of COVID-19 subsides across the country. “As the realty market improves, we are seeing an increase in sales in high-end apartments,” Zapki co-founder Sandeep Reddy was quoted as saying by Hindustan Times.
Before Harbhajan, another Indian cricketer Shreyas Iyer had invested in a high-end apartment in Mumbai last year. He had bought a unit of 2618 sq ft at Lodha World Crest in Lower Parel area. The Mumbai-born batsman paid Rs 11.85 crore for the apartment, which includes stamp duty of Rs 24.7 lakh.
Recently, the Pandya brothers shifted their base from Gujarat to Mumbai. Hardik Pandya and Kunal Pandya moved into an 8-BHK apartment in Bandra in July. Spread over an area of 3838 sq ft, this 4+4 BHK dream home has everything from a private theatre, game room to spa and swimming pool.
The property is reportedly worth Rs 28-30 crore and offers a breathtaking view of the Arabian Sea. The gated community also has artificial rock climbing areas, among other forms of fitness stations.
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