Vikrant Shekhawat : Jun 01, 2021, 09:53 AM
MUMBAI: The economic slowdown and pandemic have not dampened the appetite of Bollywood biggies for luxury homes. After Alia Bhatt, Janhvi Kapoor, Hrithik Roshan and Amitabh Bachchan, actor Ajay Devgn has also invested in a plush property. Devgn is believed to have bought a sprawling bungalow in Juhu for around Rs 60 crore.The bungalow spread across 590 sq yards is not far from the actor’s existing bungalow, Shakti, situated in the Kapole Co-operative Housing Society Ltd in Juhu.Devgn’s spokesperson confirmed to TOI that the actor has purchased the property located in the very lane where he currently resides. However, the price of the bungalow was not revealed by him, but real estate sources. The locality is home to other celebrities, including Hrithik Roshan, Amitabh Bachchan, Dharmendra and Akshay Kumar. Sources said that the Devgns were looking for a new home for the past one year.The deal was struck last November-December and the Kapole Co operative Housing Society transferred the bungalow in the joint name of Veena Virendra Devgn and Vishal alias Ajay Devgn on May 7. The bungalow was earlier owned by the late Pushpa Valia. Real estate sources said that the existing rate of the bungalow is around Rs 65 to 70 crore, but due to the pandemic Devgn may have bought it at a discounted rate.Sources said that Devgan took possession of the bungalow and has even started renovation work as he wants to redevelop his existing bungalow.