A source says, `They have bought the plot as they wish to build a 26-floor residential tower opposite their office. The deal has been finalised but the paperwork is still going on.`
A real estate broker from Andheri says that now is a good time to invest in residential property. `It's not a great time for commercial premises but things may improve after the new government assumes office in the Centre.
Right now, a residential plot in Andheri Link road could cost anywhere between Rs 50 to 60 crore,` he says.
Rakesh Roshan was unavailable for comment.
