Sunny Deol's Mumbai Villa to be Auctioned by Bank Over Unpaid Loan of Rs. 56 Crore

Mumbai : Bollywood actor Sunny Deol's Mumbai villa is set to be auctioned by a bank after he failed to repay a loan of Rs. 56 crore. The villa, located in the Juhu area of Mumbai, is spread over 3 acres and has a built-up area of over 10,000 square feet. It also has a swimming pool, a tennis court, and a gym.

The auction will be held on September 15, 2023, and the reserve price has been set at Rs. 45 crore. The bank had initially lent Rs. 35 crore to Deol in 2015, but he defaulted on the loan payments. The bank then increased the loan amount to Rs. 56 crore in 2020, but Deol was still unable to repay it.

This is not the first time that Deol has been in financial trouble. In 2019, he had to sell his ancestral home in Punjab to repay another loan. He has also been facing legal troubles in recent years, with several cases filed against him for non-payment of dues.

It is unclear whether Deol will be able to repay the loan and save his Mumbai villa from being auctioned. However, the auction is likely to draw a lot of interest, as the property is located in a prime area of Mumbai and has a high valuation.

The auction of Deol's villa is a reminder of the financial difficulties that many Bollywood actors are facing. The film industry has been hit hard by the COVID-19 pandemic, and many actors have lost their income due to the closure of cinemas. This has led to a rise in loan defaults, and several other Bollywood actors are also facing the prospect of having their properties auctioned.