Former Indian cricketer Ajit Agarkar has sold his apartment in Bandra West, Mumbai, for a reported sum of Rs 4 crore. The transaction was officially recorded in registration documents, which revealed that a stamp duty of Rs 24 lakh was paid, along with registration charges amounting to Rs 30,000.
Property Details and Transaction
The apartment, located in the upscale Bandra West neighborhood, is part of a residential complex that has been home to several celebrities and sports personalities. The sale deed was registered recently, and the documents confirm the total consideration of Rs 4 crore. The buyer's identity has not been disclosed in the public records.
Stamp Duty and Registration Charges
As per the registration documents, the stamp duty paid for the property was Rs 24 lakh, which is 6% of the sale value. Additionally, registration charges of Rs 30,000 were also paid. These fees are standard for property transactions in Maharashtra, where stamp duty rates vary based on the property's value and location.
Ajit Agarkar's Real Estate Moves
Ajit Agarkar, known for his fast bowling and batting contributions during his international career, has been involved in several real estate transactions in Mumbai over the years. This sale comes as part of a broader trend of cricketers investing in property in the city's prime areas. Agarkar, who played 26 Tests and 191 ODIs for India, has also served as a commentator and mentor after his retirement.
Market Context
The Bandra West area is one of the most sought-after residential locations in Mumbai, with property prices among the highest in the city. The sale of Agarkar's apartment reflects the continued demand for luxury housing in this neighborhood. Real estate experts note that such transactions are common among high-net-worth individuals looking to liquidate assets or upgrade their homes.
This development has generated interest among cricket fans and real estate observers alike, as it provides a glimpse into the financial decisions of former sports stars. The registration of the sale ensures transparency and legal compliance in the transaction.
