Ashar Group to Redevelop Pali Hill Bungalow of Bollywood Legend Dilip Kumar in Bandra West

Ashar Group, based in Thane, will redevelop the mansion of the late Bollywood icon Dilip Kumar in the upscale Pali Hill neighbourhood of Bandra, Mumbai, into a luxurious housing project with an estimated revenue potential of Rs 850 crore.

The Legend is a 1.75-million-square-foot development that is anticipated to feature four- and five-bedroom luxury residences. The residences will range in size from 3,200 to 7,000 square feet.  According to Ajay Ashar, managing director and chairman of the Ashar Group, the initiative is likely to include a 2,000-square-foot museum devoted to Dilip Kumar.

These exclusive luxurious residences in Pali Hill, Bandra West (one of the most prestigious locations in Mumbai) will be marketed to high-net-worth individuals, such as film stars, celebrities from all walks of life, industrialists, and others.

As per Ashar, the organisation will also construct duplex apartments. The launch price could range from Rs 1.30 lakh/sq. ft. to over Rs 1.5 lakh/sq. ft., the current market rates for Pali Hill. With an opulent undertaking in Bandra west, Ashar Group hopes to generate Rs 850 Cr.