Sachin buys old bungalow for Rs 39 cr

MUMBAI: Master blaster Sachin Tendulkar has bought an old bungalow in suburban Bandra from the city-based Satra Properties for Rs 39 crore.
      
"Sachin has bought the property from us for Rs 39 crore and the deal was signed almost six months ago," Praful Satra, Managing Director, Satra Properties said.
      
The bungalow, Dorab Villa, is located bang opposite to Joggers' Park on Perry Cross Road.
      
Satra Properties, a realty developer, had bought the property from Kishore Bajaj, a real estate developer, and sold it to Tendulakar soon afterwards in 2007.
      
Built in 1920, Dorab Villa was orginally owned by a Parsi family. It is a one-storey building measuring between 9,000 to 10,000 square feet.
      
It is not yet clear what Sachin proposes to do with the property.
      
"The building is in average condition. If Sachin wants to retain the heritage of the building, he can do so or otherwise, he can build a new structure," Satra said.
      
The property falls under Coastal Regulation Zone-II.