Bollywood actor Sanjay Dutt gifted his wife Maanayata Dutt four apartments valued at around Rs. 100 crore located in the upscale suburb of Mumbai. However, within a week, Maanayata returned the gift as directed by Money Control.
The four apartments offered by Dutt are located in the Imperial Heights building at Pali Hill in Bandra, which is home to several wealthy celebrities. According to reports, two of the apartments are on the third and fourth floor while there is a penthouse on the 11th and 12th floor.
The apartments have two open parking spaces and 15 parking spaces on stilts on the ground floor and lower ground floors. According to the deed of gift, Rs. 26.5 crore is the circular rate, or the value determined by the government for the four properties, but reports claim that the market value of the units is over Rs. 100 crore.
Reports also suggest that the first deed of donation was executed by Dutt on December 23, 2020 and Maanayata returned them on December 29, 2020. According to the reports, a legal expert said that donating property to family members is a common practice, but not its reversal. . The expert hinted that it might have something to do with tax restructuring.
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