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Cricketer Rohit Sharma sells Lonavla property for Rs 5.25 crore

The property is spread across 6329 sq.ft. The per sq ft value of the property works out to be around Rs 8,300 per sq ft.

The agreement date of the deal was May 29, 2021. A stamp duty of Rs 26 lakh was paid by Sharma, the vice-captain of the Indian cricket team, the documents said.

The agreement date of the deal was May 29, 2021. A stamp duty of Rs 26 lakh was paid by Sharma, the vice-captain of the Indian cricket team, the documents said.

Cricketer Rohit Sharma has sold a property worth Rs 5.25 crore located in the hill station of Lonavla, documents accessed by Zapkey.com show.

The property is spread across 6329 sq.ft. The sale deed was registered on June 1. The per sq ft value of the property works out to be around Rs 8,300 per sq ft.

The agreement date of the deal was May 29, 2021. A stamp duty of Rs 26 lakh was paid by Sharma, the vice-captain of the Indian cricket team, the documents said.

The buyer is a woman named Sushma Ashok Saraf, the documents said.

Sharma didn’t comment for this article.

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As the second wave of the COVID pandemic continues to rage across the country, Mumbai’s rich are scouting for ready-to-move-in farmhouses on the periphery, while high-net-worth individuals (HNIs) in vertical Mumbai are driving away from the maddening crowds to nearby Lonavla, Alibaug and Karjat.

With work-from-anywhere becoming the norm, it does not really matter where you reside. The rich and famous are choosing to buy spacious farmhouses with customised fitness and wellness facilities thrown in. The focus has now shifted to horizontal residential developments rather than vertical, high-density ones.

“The first wave saw only enquiries. Today, there are several desperate buyers in the market. Earlier, people were scouting for bungalows, today they want ready-to-move-in units that they can occupy immediately. The number of transactions is less as there are not many ready-to-move-in options and independent houses on lease for longer stays is not an option in this market,” said Ritesh Mehta, head, Residential Property Sales, JLL.

Homebuyers in Mumbai are looking for second homes in the range of Rs 2 crore to Rs 50 crore that are just about a 90-minute drive from the main city.

“The idea is to reach Mumbai fast in case of an emergency,”Mehta said.

Typically, there is demand for bungalows (preferably ready-to-move-in) in the range of Rs 2 crore to Rs 5 crore among the upwardly mobile. Ultra HNIs are looking for properties in the range of Rs 15 crore to Rs 50 crore.



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Vandana Ramnani
first published: Jun 30, 2021 04:12 pm
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