Shah Rukh Khan’s iconic sea-facing residence Mannat in Bandra is undergoing a significant renovation, with additional floors being constructed at the rear section of the property. The actor and his family have temporarily shifted to luxury residences in nearby Pali Hill while the work is underway.
The renovation is being carried out by Shri Lotus Developers and Realty, founded by filmmaker and producer Anand Pandit. Confirming the development, Pandit told The Indian Express, “We’re adding a few floors to the back portion of Mannat.”
Shah Rukh, wife Gauri Khan and their children Aryan, Suhana and AbRam are currently staying in duplex apartments at Puja Casa in Pali Hill. Gauri, who is known for her work as an interior designer and producer, is overseeing the family’s temporary accommodation during the renovation.
Shah Rukh has also sought approval to construct two additional floors at Mannat. The proposed expansion is expected to add around 616.02 sq m to the property’s built-up area and involve an estimated cost of Rs 25 crore. Since the heritage property is located near the coastline, approvals from the Maharashtra Coastal Zone Management Authority have been sought.
Mannat, which Shah Rukh purchased in 2001 for around Rs 13.32 crore, is now estimated to be worth approximately Rs 300 crore.
Meanwhile, Anand Pandit’s company is also redeveloping another Bandra property owned by Shah Rukh. The four-bedroom apartment at Shree Amrit Society holds particular importance for the actor as it was his first home in Mumbai after he moved from Delhi and married Gauri in 1991.
Pandit recalled that Shah Rukh later encouraged his company to undertake the redevelopment. “I should call up the chairperson of the society, and tell them to give the property only to Lotus,” Shah Rukh told him.
Pandit added, “He was very excited about it. My excitement got increased a little bit because of Shah Rukh sir’s apartment. But I loved that place because the size and location of the project are so good,” he said.
The redeveloped apartment is expected to be completed by 2027 and could be worth around Rs 42 crore, based on reported additional area and prevailing premium
Source: India.com
