Mumbai: Bollywood actor Alia Bhatt’s production house Eternal Sunshine Production has purchased a premium residential apartment in the plush locality of Pali Hill in Mumbai’s Bandra area for over Rs. 37.80 crores.

The transaction values the apartment spread over nearly 2,500 sq ft carpet area at over Rs. 1.51 lakh per sq ft making it one of the most expensive property deals.

The apartment on the sixth floor of residential tower Aerial View on Nargis Dutt Road has two dedicated car parking slots. The transaction was concluded on April 6 and was registered on April 10.

Alia has paid the entire 6% stamp duty of Rs. 2.26 crores for the registration of the transaction, showed the documents accessed through Indextap.com.

In 2021, the government of Maharashtra had announced a 1% concession in prevailing stamp duty for women homebuyers. As part of this scheme, a female home buyer needs to pay 5% stamp duty charges for the registration of the deal in Mumbai.

This lower tax benefit is provided to women homebuyers with a condition to ensure avoid any misuse. As per this condition, if the female homebuyer decides to sell the property within 15 years of the registration, she can sell the property only to a woman.

In March 2021, Alia announced her foray into production with the launch of her own company Eternal Sunshine Production. Apart from Alia herself, the production house counts her mother Soni Mahesh Bhatt as one of the directors.

ET’s email query to Eternal Sunshine Production remained unanswered until the time of going to press. In 2020 too, the actor had bought a house in Bandra area for around Rs. 32 crores.