Mumbai: In a big-ticket deal, film producer and director Dinesh Vijan of ‘Stree’ fame has booked three apartments in an under-construction skyscraper at Pali Hill, Bandra, for Rs 103 crore.

The Nargis Dutt Road building is coming up as part of a society redevelopment project undertaken by Mumbai-based developer Rustomjee. Parishram Society (now renamed Rustomjee Parishram) is one of several old buildings in Pali Hill being redeveloped into ultra-luxury apartment blocks.

According to IndexTap.com, the transaction was registered on July 25 and a stamp duty of Rs 6.2 crore was paid by the buyer. The three apartments are spread over a built-up area of 9,000 sq ft (7,791 sq ft carpet). When completed, the tower will stand 20 storeyes high.

The deal is the latest among several property transactions involving people from the film industry. In June, actor Kartik Aryaan purchased a 1,916 sq ft apartment in Juhu for Rs 17.5 crore. Last year, actor Ranveer Singh bought a sea-facing Bandra Bandstand qua druplex for Rs 119 crore.

The city's lucrative real estate market has always been a safe haven for Bollywood bigwigs to invest their millions and buy marquee properties. TOI had earlier reported that Salman Khan’s family planned to build a hotel on a prime, sea-facing plot at Carter Road, Bandra.

Actor Hrithik Roshan and his father Rakesh are big investors in the city's property market, picking up luxury apartments in prime locations. In 2020, the actor bought three floors in a residential tower on Juhu-Versova Link Road for close to Rs 100 crore. The Roshans have also invested in commercial properties, mainly in the western suburbs.

Early this year, the legal heirs of film legend Raj Kapoor monetised his one-acre bungalow property in Chembur for Rs 100 crore. It was bought by Godrej Properties, which had also purchased the Kapoor-owned R K Studios nearby.

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Mumbai: Bollywood film producer and director Dinesh Vijan has purchased a luxury duplex apartment spread over about 7,800 sq ft in a super-premium residential tower in Mumbai’s plush Pali Hill area of the Bandra suburb for nearly Rs. 103 crore.

The transaction values the house, spread across the 15th and 16 floors of the under-construction Rustomjee Parishram project, at more than Rs. 1.32 lakh per sq ft, making it one of the most expensive deals for a residential property in India.

Vijan, who left his banking job in 2004 to pursue films, is the founder of Maddock Films and has produced movies including Being Cyrus, Stree, Cocktail and Hindi Medium.

The buyer has paid more than Rs, 6.17 crore as stamp duty for the registration of the deal on Tuesday, show documents accessed through Indextap.com. Vijan bought the property directly from developer Rustomjee Group’s listed entity, Keystone Realtors. Even on the basis of the house’s built-up area of 9,077 sq ft, the deal value ranks high at Rs. 1.13 lakh per sq ft.

The project, which involves redevelopment of a housing society, is spread over nearly half an acre. The 22-storey development comprises 17 habitable floors and Vijan’s new house will be on the higher floors with a partial view of the sea. ET’s emails to Vijan and the Rustomjee Group seeking comment remained unanswered at the time of going to press Sunday.

Apart from personalities from the Hindi film industry, the micro market of Bandra and Juhu counts many industrial and corporate world biggies as its prominent residents. Mumbai, the country’s largest and most expensive real estate market, has been setting new benchmarks with property transactions. Several record setting transactions involving industrialists, CXOs, actors and sports personalities have been taking place in the country's commercial capital for the last few quarters.