Jeetendra turned ‘unlucky’ Rs 4.25 lakh Mumbai bungalow into a Rs 1,414 cr real estate empire

Jeetendra, once a top Bollywood star, has transformed a modest Pali Hill bungalow in Mumbai into a real estate empire worth around Rs 1,414 crore. The actor's journey in real estate began when actor Bharat Bhushan, known for films like Baiju Bawra, offered to sell his home for a meager Rs 4.25 lakh. Jeetendra, who had faced financial difficulties, bought the property with the encouragement of his father.

However, after moving in, four of his films flopped, leading him to associate the house with his professional setbacks. Jeetendra decided to move out, retaining ownership of the property. Years later, the decision proved financially rewarding. The land alone is now valued at Rs 450 crore.

Jeetendra's real estate ventures expanded beyond the initial bungalow. He redeveloped the property, earning Rs 11.5 lakh for the Burma teak used in its construction during demolition. The Gautam Apartments, built on the site, were sold cheaply due to Jeetendra's concern over finding buyers. His son, Tusshar Kapoor, now estimates that the flats sell for around Rs 85,000 per square foot.

The actor's property investments also grew through his family's requirements. His daughter, Ekta Kapoor, bought her first home from him, which shed light on the misleading nature of advertised property sizes. The actor also acquired a Juhu property through negotiations, creating a larger plot. His real estate business now includes Pantheon Buildcon and Tusshar Infra Developers.