You can make it a rich content site about bollywood and then sell it.
Without content, I don't think anyone will buy it.
Also, if it had been a .com, .net etc, then it would have been went for at least in the range $$.
So, I will advice you to develop it a bit. The site doesn't have any PR either. So, its better to spend about 2-3 months for publishing some good content in the site, and by the time its PR will increase for sure ( don't forget to do some quick SEO).
IF you do all those things, then you'd be able to sell it for a price in the range $350-$500