Sanjay Dutt Gifts Property Worth Rs 100 Crore To Wife Maanayata Dutt Which She Returns?

If the latest reports are anything to go by, Sanjay Dutt bought four luxurious apartments in Bandra to gift it to wife Maanayata Dutt. However, she refused to accept, but why?

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Sanjay Dutt Gifts Property Worth Rs 100 Crore To Wife Maanayata Dutt Which She Returns?
Live life king size is something a lot of celebrities follow. Sanjay Dutt has been one of those who loves to enjoy a luxurious life. From fanciest cars to a huge house by the sea, Sanjay Dutt has it all. And it seems, the Munna Bhai MBBS star decided to splurge a little to make his wifey happy. If the latest reports are anything to go by, Sanjay Dutt invested in four luxurious apartments in the posh area of Bandra's Pali Hill. But why did Maanayata Dutt reverse Sanjay Dutt's gift?

If the latest reports are anything to go by, Maanayata Dutt reversed the gifts. A report in Money Control states that Sanjay Dutt made the investment and purchased four houses in Imperial Heights, Pali Hill. The determined value or the circle rate of these properties is said to be Rs 26.5 crore. But a broker has claimed that the value of these houses is more than Rs 100 crores, says the report. A legal expert informed the portal that Maanayata reversing the gift could be for tax restructuring. "A gift does not attract huge stamp duty for family members and is a common practice when it comes to property, but reversing a gift is not. The reversal may have to do something with tax restructuring."

Reportedly, Sanjay Dutt bought a few houses on the third floor and fourth floor of the building and a penthouse on the higher floor. The report mentioned that the first gift deed was done on December 23, 202 and on December 29, 2020, his wife reversed the gifts.  (Also Read: Sanjay Dutt’s Daughter Trishala Opens Up About Experiencing Post-Traumatic Growth; Says, ‘Everyone Hopes They'll Avoid The Worst Life’)




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