Parsi-owned Bungalow ‘Sunny Ville’ Sold To AB Group For ₹220 crore

In a prime land deal, a Parsi-owned bungalow named ‘Sunny Ville’, located on Carmichael Road in Tardeo, South Mumbai, and belonging to late Ernevaz Kharshedji Dubash (who passed away in 2013), was sold to BGH Properties Ltd – an Aditya Birla Group company, for Rs. 220 crores. BGH Properties Ltd purchased the half-acre bungalow along with the land parcel, admeasuring 19,883 sq ft, comprising the ground plus 2 storey bungalow.

The proceeds of the bungalow’s sale will be used for charitable purposes, to provide poverty relief, education support and medical relief to individuals and hospitals or like institutions. Ernevaz Dubash’s late mother had established a public charitable trust – Perowshaw Dhunjishaw Bolton Charities (PDBC) – in 1960. As per Ernevaz Dubash’s last will made in 2012, she appointed six persons as her executors to administer her estate and carry out her wishes that her shares and securities (including all her furniture, antiques, original Mughal paintings, silverware) be sold and transferred to PDBC. Her private collection – which included vintage paintings, jewellery and a crystal chandelier – was auctioned at Pundole Art gallery, Mumbai, in 2015, and fetched around Rs. 17.8 crores.

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