While Sonam's plush apartment is awaiting her arrival, the bungalow of yesteryear actor, Rajesh Khanna was sold recently
The first superstar of Bollywood, the late Rajesh Khanna's bungalow was acquired by Mangalurean Shashi Kiran Shetty in August 2014. The iconic sea-facing property will now be demolished to make way for a multi-storey building, a report stated.
The new owner plans to build a three or four-storey building on the 6,500 square-foot property. `We've to redevelop the property since the existing structure is more than 50 years old. The process will start in a couple of months,` said Shetty, executive chairperson of Allcargo Logistics, part of Avvashya Group.
Shetty further stated, `The actor's family probably wanted to screen prospective buyers. I was looking for a property, and this one suited my budget. The deal was done directly with the family with a property consultant. The family was gracious during the process.`