Skip to main content

Debt-ridden Future Group’s Food Hall vacates Salman Khan’s property in Santacruz, Mumbai; taken over by Food Square at a rental of Rs. 1 crore a month September 25, 2023 at 02:10PM

Image
By Banglore Film City

The gourmet supermarket Food Hall was famous not just for its exotic and expansive variety of food but also because it was frequented by several celebrities. Bollywood actors and actresses like Deepika Padukone, Saif Ali Khan, Sara Ali Khan, Disha Patani, Ananya Panday, Sunny Leone etc, have been clicked while entering or exiting Food Hall by the paparazzi and hence, its popularity reached far and wide. However, the 4-floor space, owned by superstar Salman Khan, was vacated by Food Hall some months ago. It has now been replaced by a new chain, Food Square.

Salman Khan bought the property at Linking Road, Santacruz West, Mumbai in 2012 for around Rs. 120 crores with the intention to use it for commercial purposes. It was leased out to Food Hall in July 2017. As per reports, it was Salman Khan’s father who did the paperwork. The reports at that time stated that the deal was signed for Rs. 80 lakhs per month as rent for a period of five years, after which it was going to increase to Rs. 89.60 lakhs per month. Future Group, currently debt-ridden, had also given a deposit of Rs. 2.40 crore to Salman Khan.

Once the five-year period was over, Salman Khan reportedly renewed the agreement with Food Hall for two years, in 2022. As per the conditions in the agreement, the retail giant was to pay him Rs. 89.60 lakhs per month for the first year and Rs. 94.08 lakhs per month in the second year.

Then, news came in March 2023 that Salman Khan wanted to terminate the agreement and seek back the property, supposedly due to non-payment of dues. The National Company Law Appellate Tribunal (NCLAT) in April ruled in the star’s favour.

As per a report in The Economic Times, LandCraft Retail, which owns Food Square, will pay a rent of Rs. 1 crore per month to use the prime space. The story also states that just like Food Hall, Food Square has also tied up with Versace for its collection of cutleries, live stations by Entisi Chocolate, and Italian food at Oliveology.

On the work front, Salman Khan is gearing up for the release of Tiger 3, co-starring Katrina Kaif and Emraan Hashmi. It’ll release in cinemas on Diwali this year.

Also Read: Shah Rukh Khan and Salman Khan reunite as they seek blessings at Maharashtra CM Eknath Shinde’s Ganesh Chaturthi celebrations, watch videos



from Latest Bollywood News | Hindi Movie News | Hindi Cinema News | Indian Movies | Films - Bollywood Hungama https://ift.tt/vZjFQhe
Labels:

Comments

Post a Comment

Popular posts from this blog

Bombay High Court orders stays the release of Hamare Baarah, two days before the film’s release June 07, 2024 at 01:02PM

By Banglore Film City
Hamare Baarah, which is making news for its bold approach and thought-provoking plotline, has been mired in controversy, with the makers landing in deep trouble. The highly anticipated release of Annu Kapoor, Manoj Joshi, and Paritosh Tripathi starrer, has encountered a significant setback as the Bombay High Court has issued a stay on its release just two days before its scheduled release on June 7, extending the hold until June 14. This unexpected turn of events has impacted the premiere of the film which was expected to be held this week, leaving makers in an uncertain dilemma. The legal obstacle arises from a petition filed by activists from a specific religious community at the Mumbai High Court, opposing the film's release. Producers Birender Bhagat and Ravi S Gupta have raised serious concerns regarding the imposition of the stay, especially given that the film had already obtained a censor certificate. In a recent statement given to NDTV, Mr Bhagat explained their predicame
Post a Comment
Read more

Shahid Kapoor, Anees Bazmee and Rashmika Mandanna's next with Dil Raju to start from August 1 May 18, 2023 at 11:00AM

By Banglore Film City
After working in the industry for 20 years, Shahid Kapoor is finally gearing up for his first film with ace filmmaker, Anees Bazmee. The actor will be seen in a double role in this out and out comic commercial entertainer, produced by Dil Raju.  The film will feature Rashmika Mandanna in female lead and is among the awaited films from Shahid Kapoor's line up. Bollywood Hungama has got to know that Shahid Kapoor has allotted his dates to Anees Bazmee and will soon commence shooting for this comic caper. According to our sources close to the development, Shahid Kapoor will start shooting for Anees Bazmee's comedy from August 1. "Shahid Kapoor is very excited to do an out and out comedy after a long time and will commence his work on the film from August 1. He has allotted bulk dates to Anees Bazmee from August to December as the team is planning a start to finish schedule," revealed a trade source to Bollywood Hungama. Shahid will have two distinct looks in the film a
Post a Comment
Read more

Telugu actress Kamna Jethmalani Hot Navel

By Banglore Film City
Telugu actress Kamna Jethmalani Hot Photos  Actress kamna jethmalani hot navel and Kamna Jethmalani hot stills also and spicy photos actress glamour navel pictures she is Actress kamna jethmalani nice thighs and navel show, Kamna Jethmalani , Kamna Jethmalani hot, Kamna Jethmalani hot song. View actress kamna jethmalani hot navel. Rare and hot photos do not miss this chance watch and enjoy 
Post a Comment
Read more