India Reserve Bank of India (RBI) invited offers for sale of three bungalows in Lonavala, a hilly station near Bombai, where Bollywood celebrities own real estate.
The bungalows, previously used as holiday houses for RBI employees, are located on the land of more than 3,800 square meters near the picturesque lake Lonaval. The central bank sells the assets of the liquidation of its property shares, Hindustan Times informed.
All Details of Properties: Price, Last Date
Sale is based on “as is, where is”, with a reserve price £6.55 crore. To participate in offers, the potential buyer must submit a serious money contribution (EMD) £10 lakh.
According to the announcement of the offer issued on August 18, 2025, the last date for checking the bungalows is 8 September 2025 and the last date of submission of offers is 9 September 2025.
RBI was appointed consultant Cushman and Wakefield India to organize and manage the sale process through sealed offerings. Buyers will also be responsible for clearing all waiting taxes at local authorities, the notice said.
Lonalial National Market Market
Lonavala, a hilly station, located 100 km from Bombai and 60 km from Pune, is primarily a destination for people who want to invest in villas, farms or bungalows. Most Lonavale real estate investors come from Bombai, Pune and Gujarat, as well as non -resident Indians (NRIS).
According to local brokers, real estate prices for the villas may exceed £15,000 per square ft, with 3-4 Bhk villas often prices in the range up £2 crore and £3 crore. For investors, Lonavala offers a strong rental market with a rough yield for renting approximately 10%-15%.
Lonavala and its surrounding areas also attract considerable attention to Bollywood celebrities. The veteran actor Dharndra owns a 100 acre farm near Lake Pawn, located only 20 km from Lonavala. Similarly, Salman Khan Farm in Panvel, which is 50 km from Lonavala. Sunil Shetty owns a second home in Khandala, located about 4 km from Lonavala.
(tagstotranslate) Lonavala (T) Bollywood Celebrities (T) Farmhouse (T) Property Prices (T) Rental Market (T) RBI (T) Bungalows for Sale
