Raj Kapoor's iconic Chembur bungalow sold to Godrej Properties for a whopping amount of Rs 100 crore; Find why

Raj Kapoor is one of Bollywood's most famous faces. There are few people who haven't aware of Raj Kapoor. He was not just a brilliant actor, but he also established the entire RK Studios. Presently, the late Bollywood icon is in the limelight due to the sale of his one-acre house property in the eastern suburb of Chembur to Godrej Properties. According to reports, the house was sold for Rs 100 crore. According to reports, the developers plan to construct a residential property there.

Raj Kapoor's bungalow has been sold

According to reports, Raj Kapoor's one-acre bungalow property in the eastern suburb of Chembur was sold to Godrej Properties for a whopping Rs 100 crore. According to Pirojsha Godrej, executive chairman of Godrej Properties, the land developers expect a revenue of roughly Rs 500 crore from the project. The property is on Deonar Farm Road in Chembur, adjacent the Tata Institute of Social Sciences (TISS) and is considered an upscale residential area in Chembur. The land was purchased from the Kapoor family, who were the legal heirs of Raj Kapoor, a well-known film director and producer.

Randhir Kapoor about the selling of Raj Kapoor's property

Randhir Kapoor, who is the eldest son of Raj Kapoor said that the property in Chembur has been of immense significance to his family during the many decades that RK Studios operated from there. They are excited to have picked Godrej Properties to script a new chapter in this location's rich history.