Aashirwad is located in the posh, sea-facing locality of Carter Road in Bandra, suburban Mumbai. It is believed that the house is haunted, in short, a 'bhoot bangla'. According to the reports presented by a leading daily, during the sixties, Carter Road was just a cluster of bungalows. Aashirwad was then such a bungalow, that was often called a haunted house by the localities.
But later, it was bought by the yesteryear actor Rajendra Kumar. Despite learning about the bungalow’s haunted stories, Kumar went on to buy it and performed a puja to put an end to such bizarre superstitious beliefs. Reportedly, Kumar later sold the house to Rajesh Khanna.
It is said that during the last phase of Khanna's life, when the actor was left alone in Aashirwad, "this one-time haunted house started haunting him," that finally led to his doomsday.