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Saturday, June 25, 2011

Sachin Tendulkar takes loan to buy 450 sq ft 1BHK in Panvel

Sachin Tendulkar’s new address — an 8,998 sqft-bungalow at Bandra’s Perry Cross Road bought for a whopping Rs39 crore — caught the attention of one and all. But the bungalow is not the only property Tendulkar has purchased in recent times.

The Master Blaster recently booked another house — an under-construction 1BHK flat in Panvel, 45 km from Mumbai. Surprisingly, Tendulkar took a loan to purchase the flat with a carpet area of 467 sqft and 61 sqft terrace-balcony.

The cost of the property developed by Thalia Investment Pvt Ltd is Rs24.88 lakh, but sources said the price would go up to Rs30 lakh as buyers in Navi Mumbai have to pay at least 30% in black money on the total cost.

But why would Tendulkar, who could purchase a sprawling mansion anywhere, choose to buy a 1BHK in Panvel? A source said the flat was for the Master Blaster’s son Arjun.

“Arjun wants to become a cricketer. As he wants to stay away from the limelight, Arjun prefers to hone his skills at the Karnala Sports Academy during weekends. The academy is very close to Panvel and Arjun can stay in the new flat instead of commuting to Bandra,” he said. “Also, the proposed new international airport is just 3km away from the flat. So, it could be used as a halting place by the Tendulkars before flying anywhere.”

The registration documents, copies of which are with DNA, carries Tendulkar’s current address — Lamor Mishree Park in Bandra — which substantiated that the cricketer has purchased the flat. Tendulkar’s wife, Anjali, was at the sub-registration office in Panvel recently.

Nitin Patel of Thalia Investment confirmed that Anjali Tendulkar booked the flat in her name, but refused to give more details. Anjali Tendulkar did not reply to DNA’s email.

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