Reportedly, actor Sonu Sood has mortgaged eight properties in Mumbai, in an effort to raise Rs 1 Crore for the needy.
A new report says that the actor has mortgaged the properties, located in Juhu, to raise the loan. The properties include two shops and six flats.
According to documents accessed by Money Control, the agreement was signed on September 15 and the registration was done on November 24. A fee of Rs 5 lakh was paid to raise the loan.
“Such a philanthropic gesture is unheard of. While these premium properties will continue to be owned by the actor and his wife and would continue to receive a monthly rental, they may have to pay interest and principal against the Rs 10 crore loan,” Money Control quoted Senior Director & Head West India, Residential Services, JLL India, Ritesh Mehta as saying.
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Meanwhile, no confirmation has been made by Sonu Sood.