RBI Puts Three Scenic Lonavala Bungalows on Sale for ₹6.55 Crore
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By L. Sadriwala
- August 22, 2025
The Reserve Bank of India (RBI) has invited bids for the sale of three charming bungalows in Lonavala, a popular hill station near Mumbai, with a reserve price of ₹6.55 crore.
Details of the RBI Bungalows
- Location: Near picturesque Lonavala Lake
- Plot Size: Over 3,800 sq. m (freehold land)
- Structures: Ground + one floor bungalows, earlier used as RBI holiday homes
- Sale Mode: “As is, where is” basis
- Reserve Price: ₹6.55 crore
- Earnest Money Deposit (EMD): ₹10 lakh
As per the tender notice (issued August 18, 2025):
- Last date for property inspection: September 8, 2025
- Last date to submit bids: September 9, 2025
- Buyers will need to clear all pending taxes with local authorities.
The sale process is being managed by Cushman and Wakefield India, a reputed property consultant, through sealed offer bidding. According to sources, the RBI is liquidating assets as part of its broader strategy.
Also Read: Shah Rukh Khan’s Society Gets 155% Extra Space After Redevelopment
Why Lonavala Real Estate is in Demand
Located 100 km from Mumbai and 60 km from Pune, Lonavala is one of the most sought-after weekend getaways, especially during the monsoon and winter seasons. Known as a second-home hotspot, the market here attracts buyers looking for villas, bungalows, and farmhouses.
- Who buys here? Primarily buyers from Mumbai, Pune, and Gujarat, along with several NRIs.
- Price trends: Villas in Lonavala can fetch ₹15,000+ per sq. ft.
- Investment range: 3–4 BHK villas and serviced apartments start from ₹2–3 crore and above.
- Rental yield: Approximately 10–15% gross—a strong return for investors.
Lonavala’s Bollywood Connection
Lonavala and nearby areas have long been a favorite among Bollywood celebrities:
- Dharmendra: Owns a sprawling 100-acre farmhouse near Pawna Lake.
- Salman Khan: Owns a farmhouse in Panvel, around 50 km away.
- Suniel Shetty: Owns a second home in Khandala, 4 km from Lonavala.
Beyond Lonavala, other luxury second-home destinations like Goa, Alibaug, Igatpuri, and Karjat also attract celebrity buyers. For instance, Suhana Khan (daughter of Shah Rukh Khan) owns land in Alibaug.
L. Sadriwala, the Editor-in-Chief at Housiey, is a seasoned writer whose professional journey in content creation began in 2015. With a background rooted in a family of real estate developers, her transition into real estate writing was a natural evolution, bringing together her storytelling expertise and deep industry understanding.
Over the years, she has authored impactful blogs across diverse niches such as food, travel, and lifestyle, before establishing her reputation as a trusted voice in Indian real estate. Today, her work stands out for its clarity, accuracy, and ability to simplify complex property concepts for readers.
At Housiey, every article crafted by L. Sadriwala reflects thorough research, verified facts, and a reader-first approach. From decoding housing policies and trends to offering in-depth builder reviews and project insights, her mission is clear: to empower homebuyers and investors with the knowledge they need to make confident property decisions.
Her writing not only informs but also builds trust, making her one of the most credible editorial voices in the real estate space.
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