Actor Sonu Sood has mortgaged eight properties in Mumbai, in an effort to raise Rs 10 crore for the needy, according to the reports.
The 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 revealed 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 Rs 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 Rs 10 crore loan,” the report quoted Ritesh Mehta, Senior Director & Head – West India, Residential Services, JLL India, as saying.
During the lockdown, Sonu arranged for transportation for stranded migrant workers. He also arranged for PPE kits for people, as he continued to field thousands of daily requests for help.
He was also recently conferred with the prestigious SDG Special Humanitarian Action Award by the United Nations Development Programme (UNDP).