Master-blaster Sachin Tendulkar’s search for a prime property in Bandra (west) is still not over. A bungalow property close to Carter Road, which Tendulkar’s family had inspected several times this year, has been sold to a city-based developer for an undisclosed amount, say sources. The property is believed to be worth around Rs 35-40 crore.
In October, this newspaper had reported that the cricketer and his family had narrowed their search for a residential pad in the western suburb. The bungalow, built some time in the 1920s, is located at 29, Perry Cross Road. It once belonged to a Parsi joint family, the Wardens. Property market sources claimed that the Tendulkars at one stage, were even negotiating for the plot.
However, the bungalow was sold to the Satra Group a couple of months ago. Managing director Praful Satra confirmed to TOI that he had purchased this property, but refused to disclose the amount he paid for it. "There are Coastal Regulation Zone (CRZ) issues, hence the development will be limited. We will probably construct a house for a single family and sell it," he said.
The Satra Group has been building land reserves in strategic locations at Irla, Bhandup, Borivli, Hughes Road and Vashi. It has also diversified into retail and office space. One of its recent constructions is the Prime Mall in Vile Parle, Rehana Heights (Santa Cruz), Vidhi Residency (Vile Parle) and Shubangan (Juhu).
Satra bought the ground-plus-one storey bungalow called Dorab Villa from its current owner Kishore Bajaj, a developer himself. The bungalow, which is currently in a rundown state, is situated on land measuring about 836 sq m. The property itself is spread over close to 10,000 sq ft.
In 2003, Tendulkar had reportedly met then chief minister Sushilkumar Shinde to seek his help in buying a plot at Shirley Rajan village in Bandra (west). He currently resides at La Mer building at Mount Mary in Bandra.