Mumbai: Bollywood actor Ranveer Singh has bought a luxury quadruplex apartment in Mumbai’s plush Bandra locality for Rs. 119 crores, making it one of the most expensive deals for a single residential apartment in the country.

Besides being sea-facing, it is located between Bollywood actor Salman Khan’s residence in Galaxy and Shah Rukh Khan’s bungalow Mannat on the same stretch. The apartment is spread across the 16th, 17th, 18th and 19th floors of super-premium residential tower Sagar Resham, on Bandstand. It has a total carpet area of 11,266 sq ft and a 1,300-sq ft exclusive terrace. The deal is valued at more than Rs. 1 lakh per sq ft, in line with property rates in the vicinity.

The actor has bought the apartment through a firm named Oh Five Oh Media Works LLP, which counts Singh and his father Jugjeet Sundersingh Bhavnani as directors. The firm has paid a total stamp duty of Rs. 7.13 crores for the transaction, which has been concluded through two separate agreements. Agreements for the transaction between Singh and seller Enorm Nagpal Realty LLP were registered on July 8, showed documents accessed through Indextap. com. As part of the deal, Singh will get exclusive access to 19 car parking slots in the building.

Singh has been among the highest-paid and busiest actors in the Hindi film industry since his debut in 2010.

ET’s queries emailed to Bhavnani and Enorm’s partners remained unanswered till press time.

Mumbai, the country’s largest and most expensive real estate market, has been setting new records in property transactions after the state government’s 2020 announcement of a limited-period stamp duty reduction.

The significant window, which ended on March 31, 2021, was a catalyst for the city’s residential market. While stamp duty rebates are not available now, deals have continued to flow in.

Recently, Siddharth Jain, part of Inox Group’s promoter family, bought a sea-view luxury quadruplex in a super-premium residential tower on Dr Annie Besant Road in Worli, for Rs. 144 crores.

Property registrations in Mumbai scaled a new peak in June, notwithstanding an increase in interest rates and withdrawal of lower stamp duty benefit.