As a tribute to Bollywood icon Dilip Kumar, his legendary 71-year-old Pali Hill bungalow in Bandra is being redeveloped as ‘The Legend’ – an premier residential project. Additionally, a special 2,000-square-foot museum dedicated to preserving the legendary actor’s legacy, will also be part of this project.
Within just 15 months of its launch, The Legend by Ashar Group has reached a remarkable milestone, surpassing ₹500 crore in sales. As per property consultants, this is a new record for Mumbai’s real estate market. Read on to know more!
‘The Legend’ brings 19 luxury homes–
Ashar Group had entered into a development agreement with Dilip Kumar and Saira Banu, wife of the late Bollywood legend, back in March 2016, per reports. The luxurious development, located in Mumbai’s most coveted neighbourhood, will feature 19 high-end apartments, including 4- and 5-BHK units with duplex options.
Further, the new museum dedicated to Dilip Kumar is expected to increase its appeal, in the real estate market. It will feature a separate entry for visitors, on the ground floor, for increased accessibility.
Among the sales, a sea-view triplex apartment was purchased by Apco Infratech for ₹155 crore in July 2024. Three additional units were sold at an average rate of ₹1.50 lakh per sq ft to high-net-worth individuals, including chartered accountants and businessmen, with registrations expected by early 2025.
Ashar Group’s CMD, Ajay Ashar, mentioned that ‘The Legend’ exemplifies sophistication and reflects Mumbai’s ongoing demand for luxury real estate.” Pali Hill, a hotspot for Bollywood celebrities, continues to uphold its status as one of Mumbai’s premium residential areas.
