MUMBAI: Veteran Bollywood actor Jeetendra has revealed that a bungalow he once believed brought him bad luck eventually became the most valuable investment of his life, with its current estimated value reaching Rs4.5 billion (450 crore).
Speaking to Indian media, Jeetendra recalled that legendary actor Bharat Bhushan, best known for classics such as Baiju Bawra, approached him during a period of financial hardship with an offer to sell his bungalow in Pali Hill, Mumbai.
Jeetendra said he discussed the proposal with his father, who encouraged him to buy the property.
“My father said, ‘Let’s buy a bungalow.’ At that time, eight members of our family were living in a single 10-by-20-foot room, so owning a bungalow was a dream for us,” he said.
The actor revealed that he purchased the bungalow for Rs425,000, a price that also included a 3,450-square-foot plot of land.
However, soon after moving into the property, Jeetendra experienced a difficult phase in his career.
He said four of his films failed consecutively at the box office, leading him to believe that the house was unlucky.
“I became convinced that the property had brought misfortune into my life, so we eventually moved out,” he recalled.
Years later, a property developer approached him with a proposal to redevelop the bungalow.
Jeetendra agreed to the redevelopment, a decision that proved highly profitable.
He said that the valuable Burma teak wood used in the construction of the original bungalow alone earned him nearly three times the amount he had originally paid for the property.
The actor added that the redevelopment transformed what he once viewed as an unlucky purchase into the best investment of his lifetime.
According to Jeetendra, the property’s estimated value has now risen to approximately Rs450 crore (4.5 billion Indian rupees), making it one of his most significant financial assets.
Reflecting on the experience, the veteran actor suggested that what initially appeared to be an unfortunate decision ultimately turned into an extraordinary long-term investment, highlighting how perceptions of success and failure can change over time.
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