Priyanka Tiwari
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With Bollywood stars Aamir Khan and Shah Rukh Khan moving away from their iconic homes because of construction and remodeling projects, Pali Hill in Mumbai is undergoing significant development. This is part of a greater trend of development in the city where the standards of opulent housing are changing.
A Redevelopment Expected to Follow Khan’s Sea View Residence
Aamir Khan’s Residence Set for Redevelopment
Timeline: The expansive Khan family residence in Bandra's Pali Hill area is getting ready for demolition.
Project Details: The structure sits within the Virgo Cooperative Housing Society and is proposed to be fully redeveloped by Man Infraconstruction Limited (MICL).
New Plans: The development plans reserve five sea-facing apartments as 4/5 BHK at greater than one lakh rupees per square foot.
Amit and other tenants will be evacuated to rehabilitation apartments after enduring the initial stages of construction.
Amit Khan's Alternative Housing Options
Other potential relocation sites: Khan possesses an additional opulent estate in Pali Hill which is approximately valued at ₹9 crores. This permits him to reside there during the period of his house's redevelopment.
Replacement Residence: Following the completed remodeling, the upgraded residence will purportedly rank among the finest addresses in Mumbai.
Shah Rukh Moves Out Of Mannat For Renovation
Mannat, Shah Rukh Khan’s famed abode, is also undergoing renovations that include the construction of two additional floors.
Permissions: The Maharashtra Coastal Zone Management Authority (MCZMA) has all the relevant permissions and permissions such as the applications from Gauri Khan regarding the project.
Extension Area: The renovations measure a further 616 square meters to the current area.
Pali Hill Temporary Accomodation Of SRK
Rental Apartments: Shah Rukh has leased two duplex apartments in Puja Casa owned by the Bhagnani family.
Aparment 1 (Jackky Bhagnani and Deepshikha Deshmukh) : ₹11.54 lahk per month
Aparment 2 (Vashu Bhagnani): ₹12.61 lakh per month
Security Deposit: The total deposit for the two units is around 69 milliom
The Luxury Boom In Pali Hill
Celebrity Shifts : The temporary relocations of both of the Khans mark as shift to more semi populated urban centers signal as part of
Luxury Focus: The increament of MICL project and Mannat’s expansion illustrates again growth in demand for the ultraluxury, oceanview facing property in Mumbai’s prime location neigborhoods.
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