Bollywood actor Sanjay Dutt gifted four flats to his wife Manyata Dutt, which cost around Rs. was. 100 crores situated in a suburb of Mumbai. However, within a week, Manyata returned as a gift reported by Money Control.
The four apartments offered by Dutt are in the Imperial Heights building at Pali Hill in Bandra which is home to many wealthy personalities. According to the news, two flats are on the third and fourth floors while there is a penthouse on the 11th and 12th floors.
The apartments come with two open and 15 stilt car parking spaces on the ground and lower floor floors. According to the gift deed, Rs. 26.5 crore is the circle rate, or the government-determined price for the four properties, but reports claim that the market value of the units is more than Rs. 100 crores Rs.
Reports also reveal that the first gift deed was executed by Dutt on December 23, 2020 and returned by Mayanata on December 29, 2020. According to reports, a legal expert said that handing over property to family members is a common practice, but not the reverse. . The expert suggested that it may have something to do with tax reorganization.
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