Dilip Kumar’s Bandra Bungalow Transforms Into Luxury Residences 'The Legend'
Dilip Kumar’s Bandra bungalow has been transformed into a luxury property called 'The Legend.' The Ashar Group has achieved Rs 500 crore in sales for the project, which features 19 opulent residences, including duplexes and a museum honoring the Bollywood icon.
Bollywood legend Dilip Kumar’s iconic bungalow in Bandra’s upscale Pali Hill has been transformed into a luxury residential project named 'The Legend'. The redevelopment project, undertaken by Mumbai-based Ashar Group, has already achieved a significant milestone of Rs 500 crore in sales within just 15 months of its launch.
A Landmark Transformation: 'The Legend'
The opulent project includes 19 luxurious apartments, featuring 4- and 5-BHK flats, duplexes, and a 2,000-square-foot museum dedicated to Dilip Kumar’s legacy. The redevelopment was made possible through a development agreement signed in March 2016 between Dilip Kumar and the Ashar Group.
Located in Bandra’s Pali Hill area, home to several Bollywood celebrities, 'The Legend' offers unparalleled luxury and exclusivity. According to the Ashar Group, the project sets a new benchmark in Mumbai’s high-end real estate market.
Sales Milestone: Rs 500 Crore Achieved
In just over a year, the project has surpassed Rs 500 crore in sales. The company has completed the sale of four premium flats, including triplexes, with one transaction already registered and the remaining three expected to be finalized by early 2025.
- Top Sale: Apco Infratech purchased a sea-view triplex apartment for Rs 155 crore in July 2024.
- Price Point: The luxury apartments are priced at approximately Rs 1.50 lakh per square foot.
- Buyers: Chartered accountants, infrastructure promoters, and business leaders are among the high-profile buyers.
Ajay Ashar, CMD of Ashar Group, expressed pride in the project’s success, stating, "This milestone reflects our commitment to delivering ultra-luxury spaces that combine heritage with innovation."
Details About 'The Legend'
'The Legend' comprises 19 ultra-luxurious residences designed to embody elegance and sophistication. The key highlights include:
- Museum: A 2,000-square-foot space honoring Dilip Kumar’s cinematic legacy.
- Apartments: Lavish 4- and 5-BHK flats, including duplexes, with modern amenities and sea views.
- Exclusive Features: Premium interiors, advanced security systems, and world-class facilities.
Bollywood’s Connection to Pali Hill
Pali Hill has long been a favorite among Bollywood’s elite. Apart from Dilip Kumar, the area has been home to Sunil and Nargis Dutt, Rishi Kapoor and Neetu Singh, Aamir Khan, Sanjay Dutt, and Gulzar, among others. The transformation of Dilip Kumar’s bungalow adds another chapter to the legacy of this coveted neighborhood.
Future Potential: Rs 850 Crore Turnover
Ashar Group projects a potential turnover of Rs 850 crore for 'The Legend.' The strong demand for luxury residences in Mumbai’s Pali Hill underscores the resilience of the city’s high-end real estate market.
What Makes 'The Legend' Stand Out?
- Prime Location: Situated in Bandra’s prestigious Pali Hill area.
- Heritage Appeal: A project that preserves the legacy of Dilip Kumar while offering modern luxury.
- Limited Units: With only 19 apartments, the exclusivity factor is a major draw for buyers.
Expert Opinions on Mumbai’s Luxury Real Estate
The success of 'The Legend' reflects a growing demand for ultra-luxury properties in Mumbai.
- High-End Demand: According to industry experts, the project’s Rs 500 crore sales milestone highlights the resilience of Mumbai’s luxury market.
- Strategic Development: "Combining heritage with innovation makes 'The Legend' a standout project," said a real estate analyst.
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