Sonu Sood mortgages 8 Juhu properties to raise ₹10 crore for needy: report

According to a new report, actor Sonu Sood has mortgaged eight properties -- two shops and six flats -- in Juhu, to raise funds for his humanitarian efforts.

Actor Sonu Sood has reportedly mortgaged eight properties in Mumbai, in an effort to raise ₹10 crore for the needy. Sonu’s humanitarian actions during the course of 2020 have been widely appreciated.

Actor Sonu Sood won praise from all quarters for his untiring efforts to help migrant workers during coronavirus lockdown. (PTI)

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.

Documents accessed by Moneycontrol reveal that the agreement was signed on September 15 and was registered on November 24. The building is located along AB Nayar Road, near Iskcon Temple in Mumbai. A registration fee of ₹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 ₹10 crore loan,” the report quoted Ritesh Mehta, Senior Director & Head – West India, Residential Services, JLL India, as saying.

For his efforts, he was conferred with the prestigious SDG Special Humanitarian Action Award by the United Nations Development Programme (UNDP).

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