Actor Salman Khan Constructed A Commercial Building

Posted By Badal Nepal || Date: 18 July, 2017

OSNepalNews, Kathmandu, 18th July: Actor Salman Khan, who recently constructed a commercial building on Linking Road in Bandra, has leased out 2,140 sq m to Future Group, which owns Big Bazaar. The deal has been signed for Rs 80 lakh per month as rent for the initial period of five years, and the rent after that will be Rs 89.6 lakh per month. The actor has also taken a deposit of Rs 2.4 crore from the group.The deal was signed last week at the registration office and a copy of the agreement is available with DNA. On Salman’s behalf, it was his 80-year-old father Salim Khan who did the paperwork. The deal was registered on July 13.
Kishore Biyani of Future Group, confirming the deal, said he’s opening a food hall in the leased premises. The leased property includes a basement (609.35 sq m), lower floor (373.21 sq m), first floor (579.61 sq m) and second floor (578.54 sq m) of the building, which is yet to be named. The property has been leased for a period of 60 months.The actor bought the property for nearly Rs 120 crore in 2012 to construct his own commercial building. The property was earlier a society with around 16 flats, which the actor later demolished. He started the construction work of the building in 2013-14 and occupancy was approved earlier this year. All the building permissions for the property are in Salman’s name.