New Delhi, Aug. 22 -- The Reserve Bank of India (RBI) has invited bids to sell three bungalows in Lonavala, a hill station near Mumbai, where Bollywood celebrities own properties.

The bungalows, which were previously used as holiday homes for RBI staff, are located on a plot of over 3,800 sq meters near the scenic Lonavala Lake. The central bank is selling the assets to liquidate its property holdings, Hindustan Times reported.

The sale is based on an "as is, where is" basis, with a reserve price of Rs.6.55 crore. To participate in the bidding, prospective buyers must submit an earnest money deposit (EMD) of Rs.10 lakh.

According to a tender notice issued on 18 August 2025, the last date for inspection of the bungalows is 8 September 2...