The news has taken the entertainment industry by storm as reports have emerged that Bollywood actor Kangana Ranaut has sold her luxury Pali Hill bungalow in Mumbai. This luxurious property, a point of high interest among real estate enthusiasts, was sold for a whopping 32 crores. This marks a significant profit for the actor, who is currently awaiting the release of her highly anticipated historical drama, “Emergency.”
Kangana Ranaut purchased this opulent bungalow in 2017 for around 20.7 crores. Fast forward to December 2022, she took out a substantial loan against the property from ICICI Bank, amounting to 27 crores. By August of this year, rumors floated that the bungalow was listed for sale at an eye-popping price of 40 crores. However, the final sale price, as reported by Zapkey, settled at an impressive 32 crores.
Both Kangana’s team and the actress herself have remained tight-lipped about the sale, opting not to publically comment on the transaction. Despite this, Simran Gupta from the renowned Code Estate agency disclosed to the ‘Times of India’ that the property had drawn significant interest from numerous buyers. Gupta confirmed that the house was officially on the market, which was corroborated by the high level of interest it garnered.
Onlookers may recall that this specific property journey has not been without its controversies. The bungalow came under the spotlight when the Brihanmumbai Municipal Corporation (BMC) demolished a part of it. This demolition episode ensued after Kangana’s public criticism of then-Maharashtra Chief Minister Uddhav Thackeray and her conflicts with Shiv Sena MP Sanjay Raut, particularly following the death of actor Sushant Singh Rajput. The BMC justified the demolition by citing “illegal alterations” made to the bungalow. In response, Kangana was offered a compensation amount of 2 crores, which she decisively refused.
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In other developments concerning the actor, her upcoming movie “Emergency” has been navigating its own set of challenges. Recently, the Central Board of Film Certification (CBFC) has granted the movie a UA certificate, albeit with conditions. The makers of “Emergency” are required to add disclaimers concerning historical events depicted within the film before it is finally released to the public. The release date is yet to be announced, but reports indicate that the film underwent review by the censor board on July 8.
“Emergency” has been a topic of vigorous discussion ever since the release of its trailer on August 14. The film, a political drama, is centered on the life of Indira Gandhi, the former Prime Minister of India. It notably focuses on her role in the imposition of the Emergency period in 1975, which is one of the most contentious episodes in Indian history, as well as her assassination by her bodyguards. The film has spurred an array of objections and calls for its ban from various segments of the populace, adding to the buzz around its eventual release.
The CBFC’s UA (Universal Adult) certificate stands for the movie being deemed suitable for viewers but with parental guidance advised, given certain thematic elements. Whilst the certificate has been attained, the film’s controversy-ridden path suggests that more edits and disclaimers may be demanded by the certification body before it officially hits theater screens.
Kangana Ranaut remains one of Bollywood’s most polarizing figures, not just for her acting prowess but for her bold public statements and controversies. Her decision to sell the Pali Hill bungalow can be classified as a lucrative business move, especially in light of the previous controversies surrounding the property. Simultaneously, her upcoming movie “Emergency” is poised to stoke further discussions and debates as its release approaches.
While the Pali Hill bungalow sale makes headlines, the repercussions of such actions hint at the tenacity and resilience of Kangana Ranaut in both her professional and personal life. The actor, now transitioning from property dealings back to cinematic endeavors, may have successfully closed one controversial chapter as she prepares to open another with the much-discussed “Emergency.”
The entertainment industry and her fans alike await further developments with bated breath, eager to see how Kangana navigates the forthcoming challenges with her trademark defiance and indomitable spirit.
