Sunny Deol's Juhu Bungalow 'Sunny Villa' Up for Auction as Loan Default Allegations Loom
Bollywood legend Sunny Deol is facing the disconcerting possibility of losing his cherished Juhu bungalow, known as 'Sunny Villa,' as the Bank of Baroda issues an official notification for its auction. The reason behind this unfortunate turn of events is the actor's alleged failure to repay a substantial loan he had secured from the bank.
Sunny Deol, a name synonymous with the Indian film industry, has graced the silver screen for decades with his iconic performances and action-packed films. However, beneath the veneer of stardom, a financial storm is brewing, threatening to cast a shadow over his illustrious career.
The genesis of this financial turmoil can be traced back to a loan that Sunny Deol had obtained from the Bank of Baroda. In a bid to secure this substantial financial assistance, he had put his luxurious villa, aptly named 'Sunny Villa,' located in the posh Juhu area of Mumbai, as collateral. The loan amount in question amounted to an astounding 56 crores, a staggering sum by any measure.
According to the official notification published by the bank, Sunny Deol's residence stands prominently on Gandhi Gram Road in Juhu, and his father, the legendary Dharmendra, had stepped in as the guarantor for this property.
Sunny Deol's Loan Repayment Woes:
Sunny Deol had undertaken a solemn commitment to repay the Bank of Baroda, including interest, a sum of approximately 55.99 crores. However, the bank's relentless efforts to recover this debt have met with resounding failure. Consequently, the bank has issued a newspaper notification, casting a grim shadow of an impending auction. The auction, as per the notification, is scheduled to take place on the 25th of September, with an approximate reserve price set at 51.43 crores.
This financial debacle is not the first of its kind in Sunny Deol's career. In 2016, during the production and release of his film 'Ghayal: Once Again,' he had to grapple with severe financial constraints. Reports suggested that during this period, he had to pledge his production studio, 'Sunny Super Sound,' to secure funds for the film's release. It is noteworthy that his manager had vehemently denied these reports at the time. In 'Ghayal: Once Again,' Dharmendra was credited as the executive producer, with Sunny Deol not only producing but also directing the film.
Sunny Villa: A Multifunctional Hub
'Sunny Villa,' or Sunny Super Sound, is not just a bungalow. It serves as a recording and dubbing studio, equipped with two separate production suites. Sunny Deol conducts his business affairs from here, and there are also residential areas. Over the years, this property has served as a hub for dubbing Bollywood films and hosting film screenings. It has not only been a place of residence but a crucial source of income for the entire Deol family, thanks to its bungalow status.
Lucrative Income Source
Despite typically residing elsewhere with his family, Sunny Deol's 'Sunny Villa' has been a significant source of income for the Deol clan. As evidenced by advertisements featuring Dharmendra and Bobby Deol, this property has played a pivotal role in the family's financial stability.
Talks Surrounding 'Gadar 2'
It is essential to note that Sunny Deol is currently immersed in discussions regarding his film 'Gadar 2.' The original 'Gadar' had achieved remarkable success at the box office, amassing a staggering 336.13 crores in just nine days. Given the overwhelming triumph of the film, the news of the impending auction of 'Sunny Villa' poses a challenging hurdle for Sunny Deol.
As the days tick away toward the fateful auction date, the Bollywood fraternity and fans worldwide can only hope for a silver lining in Sunny Deol's financial clouds, allowing him to retain his beloved 'Sunny Villa' and continue to dazzle the silver screen with his indomitable spirit. In a world where reel life often mirrors real life, Sunny Deol's journey through this storm will undoubtedly be one closely watched by all.
- PTC PUNJABI