Bollywood actor Sanjay Dutt gives 4 Bandra apartments worth Rs 100 crore as gift to wife Manyata, she returns them

Celebrity couples often give each other expensive gifts be it cars, gadgets, jewellery or apartments. Well, Sanjay Dutt too decided to surprise his wife Maanayata Dutt with a multi-crore gift recently. Actor Sanjay Dutt gifted four flats, worth around Rs 100 crore, in Mumbai’s upscale Bandra suburb to his wife, Manyata, in December, but within a week, she returned the gift, documents reviewed by Moneycontrol show.

Two of the apartments are on the third and the fourth floor and there is a penthouse on the 11th and the 12th floor, the gift registration documents accessed by Zapkey.com show. Zapkey is an online platform that aggregates and organises publicly available property registration data.

Moneycontrol has copies of the two gift deeds, the one that Dutt made for his wife and the other through which Manyata, identified as Dilnashin Dutt in the documents, returned the four apartments to the 61-year-old actor. Manyata’s real name is Dilnashin, according to media reports.

The first gift deed was executed by Dutt, whose parents Sunil and Nargis Dutt were also famous Bollywood stars, on December 23, 2020. Manyata gifted the apartments back to Dutt on December 29, 2020, the documents show. The deeds were registered on payment of Rs 500 each.

The property was constructed by Siraj Lokhandwala (proprietor of Lokhandwala Constructions, who also developed the famous Lokhandwala Complex where most Bollywood stars live as also the erstwhile Regent Hotel and the famous Jogger’s Park at Carter Road, Bandra) on the land belonging to Sunil Dutt, who had a bungalow on this land.

The Dutt family got these apartments as their share of the development. The building, Imperial Heights was constructed in 2002.

The size of these units is around 3,000 sq. ft and the transaction value at around Rs 90,000-Rs 95,000 per sq. ft on the carpet, brokers said. These apartments command a monthly rent of between Rs 5 lakh to Rs 7 lakh a unit.

Legal and tax experts say gifting property to a family member is a common practice, but a reversal of gift isn’t. It may have been done to rectify an error or for tax purposes. On the professional front, Sanjay Dutt is currently gearing up for his much-awaited, KGF: Chapter 2 co-starring Kannada superstar Yash.

by Riya Sharma | Thu, Feb 04 - 11:38 AM

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