Businessman Raj Kundra, who was arrested in a pornography case last year and later granted bail, has transferred flats worth Rs 38.5 crore to his actress wife Shilpa Shetty, Moneycontrol reported citing documents accessed by Zapkey.com.
He transferred the first floor with five flats located in Kinara, the bungalow where the couple resides, in Shilpa's name.
The actress paid a stamp duty of Rs 1.9 crore on the transfer deed registered on January 21, 2022.
Local brokers said that the transfer is at market value which is in this case Rs 65,000 per sq ft.
The bungalow is located about 300 metres from the beach.