Actor bought the property eight years ago from Amjad Khan's family with the idea of starting a commercial venture but has let go of the dream
Nazia Sayed (MUMBAI MIRROR; June 15, 2015)

Riteish Deshmukh has given up on his dream of converting his Pali Hill bungalow into a commercial establishment. Tired of trying to convince the residents and the BMC, the actor has sold the property.

Confirming this, Madhu Poplai, secretary of the Pali Hill Residents' Association, said "This iconic structure earlier belonged to the late actor Amjad Khan and then was sold to Riteish Deshmukh. Riteish wanted to start some commercial activity in the bungalow but was not allowed to do so. So he has now sold it to a businessman."

Buzz is, Riteish bought Bungalow no. 7, which is a part of the Green Acre Society, eight years ago and two years later, came up with the idea of converting it into a luxury spa.

He tried convincing the other residents and even approached the BMC for permissions. But the city's municipal corporation, paying heed to the residents' complaints, refused to greenlight the project.

The actor recently sold the bungalow to Taifique Gazinia who deals in leather goods. A few days ago, Taifique entered into an undertaking with the residents' association, stating that he had purchased the property for residential purposes. He assured that that he will move into it with his family after the renovations are complete.

When contacted, Riteish's spokesperson said, "Riteish purchased the property as an investment and later diluted it. He never intended to use it for a commercial venture."