Shah Rukh Khan's Housing Society Redevelopment: Luxury Project by Sri Lotus in Mumbai's Bandra
Mumbai-based Sri Lotus Developers is set to launch a luxury project worth ₹2000 crore in Bandra, redeveloping the Shree Amrit Society where Shah Rukh Khan owns a sea-facing apartment. The project is expected to generate significant revenue and enhance the living standards of the society members.
Shah Rukh KhanSri Lotus DevelopersBandra RedevelopmentLuxury ApartmentsMumbai Real EstateReal Estate NewsAug 24, 2025
The project is expected to have a saleable area of 1.35 lakh sq ft. Once the site is vacated, construction will be completed in three to four years, said Anand Pandit, Chairman and Managing Director of Sri Lotus Developers and Realty Limited.
The sale units will be a mix of 4 and 5 BHKs, subject to finalization of plans, Pandit added. According to the company, out of the total area that will be constructed for the entire project, existing members will receive approximately 45% of the area as rehabilitation, and the remaining 55% of the carpet area will be available for sale with Lotus Developers.
The company was selected to redevelop the society in June 2025, and each flat owner will receive 155% additional area post-redevelopment. Shah Rukh Khan is expected to get a 4 BHK apartment of around 2,800 sq ft post the redevelopment. The developer is expected to sell apartments in the building for around ₹1.50 lakh per sq ft, sources said.
Shah Rukh Khan purchased the apartment in the Shree Amrit building after his marriage, making it his first property acquisition in Mumbai. As such, it holds significant sentimental value.
Shree Amrit Housing Society, built in the 1980s on collector’s leasehold land, is a sea-facing plot spread over an acre on Main Carter Road. The 4,000 sq metre plot comprises three wings and has long been under consideration for redevelopment, with society members in talks with several developers, including listed firms.
Shree Amrit Housing Society is around 2 km away from Galaxy apartments, where Bollywood actor Salman Khan resides, and around 3 km away from Shah Rukh Khan's Mannat bungalow at Bandra Bandstand, which has been undergoing repair works for the past three months. Shah Rukh Khan and his family have temporarily leased two duplex apartments, spanning 10,500 sq ft, in the Puja Casa building in the Pali Hill area of Khar. These flats will serve as his residence during the proposed repair and renovation of his 27,000 sq ft bungalow.
Recently, Gauri Khan, renowned interior designer and wife of Bollywood star Shah Rukh Khan, was in the news for renting a 2BHK apartment in Mumbai’s Khar West for their staff at a starting monthly rent of ₹1.35 lakh, according to documents accessed by Zapkey. The three-year leave and license agreement is for a flat located barely 100 metres from their rented home in Pali Hill, while their iconic Mannat bungalow undergoes renovation.
Bandra is also home to several other Bollywood stars, including Salman Khan, Aamir Khan, Sanjay Dutt, Ranbir Kapoor, and Deepika Padukone.
Frequently Asked Questions
What is the expected revenue from the Shree Amrit Society redevelopment project?
The project is expected to generate a topline of ₹1,500–2,000 crore.
Who is the developer of the Shree Amrit Society redevelopment project?
Sri Lotus Developers and Realty Limited is the developer of the project.
How much additional area will each flat owner receive post-redevelopment?
Each flat owner will receive 155% additional area post-redevelopment.
What type of apartments will be available for sale in the new building?
The sale units will be a mix of 4 and 5 BHKs, subject to finalization of plans.
Where is the Shree Amrit Society located?
The Shree Amrit Society is located on Carter Road in Bandra, Mumbai.
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