Telugu actor and Jana Sena party chief Pawan Kalyan reportedly bought a 676-yard bungalow in Hyderabad’s posh Jubilee Hills area for Rs 12 crore. The sale deed was registered on September 23, 2021. Pawan Kalyan paid a stamp duty of Rs 66 lakh, transfer duty of Rs 18 lakh, registration fee of Rs 6 lakh and mutation charges of Rs 1.2 lakh, the documents showed.
In the last five years, Jubilee Hills recorded as many as 120 sale transactions above Rs 10 crore, as per Zapkey.com, which aggregates publicly available property registration data.
In 2020, there were 17 sale transactions above Rs 10 crore in Jubilee Hills and buyers included prominent celebrities from the 'Tollywood' film industry, politicians and industrialists.
Realtors in the area say plot sizes in Jubilee Hills are generally upwards of 1,000 sq. yards and command anything between Rs 1.5 lakh per sq. yard to Rs 2 lakh per sq. yard if not more.