Madhu Chopra and Siddharth Chopra, mother and brother of actor Priyanka Chopra Jonas, have agreed to sell their bungalow in the Koregaon Park locality for Rs 6.5 crore. The property has been purchased by real estate company Suroj Buildcon, according to registration documents reviewed by property consultancy Liases Foras.
The sale agreement was registered on October 21, 2026. The bungalow is situated within Liberty Co-operative Housing Society on North Main Road, in Ghorpadi village. The transaction attracted stamp duty of Rs 45.5 lakh, while registration charges amounted to Rs 30,000.
The property occupies a 3,754 sq. ft. plot and includes a ground-floor built-up area of 2,180 sq. ft. In addition, the bungalow has a 950 sq. ft. basement, a 2,232 sq. ft. garden and a dedicated parking space measuring 400 sq. ft.
Property Was Previously Given on Rent
Before entering into the sale agreement, the family had leased the bungalow to The Urban Nomads Community Pvt Ltd, a company operating in the co-living and co-working segment.
In March 2024, Madhu Chopra and Siddharth Chopra signed a leave and licence agreement with the company. The arrangement provided for a monthly rental of Rs 2.06 lakh, along with a security deposit of ₹6 lakh, according to documents accessed by Zapkey.
Family Has Other Real Estate Investments
The family has also undertaken other property transactions in the Koregaon Park area. In August 2017, they acquired another property measuring 4,800 sq. ft. for Rs 5.6 crore, based on Maharashtra registration records reviewed by Square Yards.
This property was subsequently leased in February 2025 at a monthly rent of ₹2.25 lakh under a five-year agreement. The contract included an annual rental escalation of 5%, taking the monthly rent to Rs 2.73 lakh in the final year.
The total rental earnings expected over the five-year lease period were estimated at approximately Rs 1.49 crore.
Source: The Free Press Journal
