Jeetendra's Rs 4.25 lakh pali hill deal is now worth Rs 450 crore
Bollywood actor Jeetendra reflects on his purchase of a Pali Hill bungalow from actor Bharat Bhushan for Rs 4.25 lakh, a property now valued at Rs 450 crore. Jeetendra eventually sold the property after associating it with a string of professional failures.
Why it matters
The story highlights the massive appreciation of Mumbai real estate and the intersection of celebrity history with urban development.
Jeetendra, who was once one of Bollywood’s most bankable and highest-paid stars, has also built a successful reputation as a real estate developer over the years. His entry into the property business, however, began with a remarkable deal involving legendary actor Bharat Bhushan, whose financial downfall forced him to sell his prized Pali Hill bungalow for a fraction of its present-day value.Bhushan, celebrated for classics such as Baiju Bawra, was battling severe financial difficulties when he sold the sprawling property to Jeetendra for just Rs 4.25 lakh. Having lost much of his fortune, the veteran actor was compelled to part with his bungalow and cars before eventually dying in poverty.The land where the bungalow once stood is now estimated to be worth nearly Rs 450 crore.
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