MUMBAI: A nightclub, frequented by Bollywood stars, cricketers and even underworld operatives in its heydays, will now be yoga guru Baba Ramdev's city headquarters. The prime piece of property is estimated to be worth Rs 400 million.

The curtains will go down on 23rd August afternoon on one of the most celebrated former landmarks of Mumbai nightlife: Deepa Bar & Restaurant in Vile Parle.

According to Sudhakar Shetty, the owner of the property located barely a stone's throw from the posh northwestern Juhu, the project will be dedicated to his parents, mother Varija and father Mallappa, who died around eight years ago.

Shetty said the 8,500 square feet property will be handed over to Baba Ramdev's Patanjali Yogapeeth, through the Varija Mallappa Charitable Trust, at a function on 23rd that will be attended by Baba Ramdev.

Realty consultant Pagur Desai said at the prevalent market rates for commercial premises, the property is easily worth Rs 400 million.

Deepa Bar & Restaurant, for many years considered a jewel in the city's rocking nightlife, was also a workplace for multi-millionaire bar-dancers like Tarannum Khan.

Patronised by Bollywood stars, cricketers, politicians, businessmen, bureaucrats, foreign tourists, students, the police and underworld operatives during its heydays, Deepa Bar & Restaurant shut shop around four years ago after the death of Mallappa Shetty.

It had also witnessed many murky underworld dealings, including the cricketers-bookies-underworld nexus, and was the spot for some gang shootouts, according to a crime branch official.

The officials said the police used to gather valuable intelligence on crime and underworld activities from such places.