In a high-profile show of trust, Bollywood superstars Shah Rukh Khan and Amitabh Bachchan have each invested over ₹10 crore in Sri Lotus Developers and Realty, the real estate venture of film producer Anand Pandit. The company, which recently secured SEBI approval for a ₹792 crore IPO, has attracted investments from a roster of film personalities, including Hrithik Roshan, Ajay Devgn, Ektaa Kapoor, Sara Ali Khan, Tiger Shroff, and Rajkummar Rao.
This collaboration marks a significant crossover of celebrity capital into real estate, driven by both personal ties and business confidence.
Quick Snapshot: Sri Lotus Developers & Celebrity Investments
| Celebrity | Investment Amount | Mode of Investment |
|---|---|---|
| Shah Rukh Khan | ₹10.1 crore | 6.75 lakh shares |
| Amitabh Bachchan | ₹10 crore | Equity |
| Other Investors | Hrithik Roshan, Ajay Devgn, Ektaa Kapoor, Tiger Shroff, Sara Ali Khan, Rajkummar Rao | Undisclosed |
- IPO Size: ₹792 crore
- Pre-IPO Fundraising: ₹400 crore via share issue at ₹150 per share
- SEBI Approval: Granted for IPO
- Owner: Anand Pandit (also a Bollywood producer)
From Silver Screen to Skyline: Anand Pandit’s Real Estate Journey
Anand Pandit, known for his contributions to both cinema and real estate, cited Amitabh Bachchan’s role in Trishul as his inspiration for entering the construction business.
“I wanted to have my own Shanti Construction Company, just like Bachchan sahab’s character Vijay,” Pandit shared in an interview.
His admiration for Bachchan went beyond screen idolization:
- Purchased a bungalow next to Jalsa (Big B’s residence) in 2013 for ₹50 crore
- Later sold the same property back to Bachchan when the actor wanted to expand
- Their business relationship deepened over time
Shah Rukh Khan’s Take on Pandit
Speaking at Pandit’s birthday celebration, Shah Rukh Khan jokingly remarked:
“At midnight, he drives around Juhu with me and casually points out buildings—‘this is mine, that one too.’ Except for two or three, he owns almost everything in the stretch.”
This light-hearted comment underscores the depth of Pandit’s footprint in Mumbai’s property scene.
What This Means for Real Estate Investors
- Celebrity investment brings credibility and attention to real estate ventures
- The ₹792 crore IPO could attract significant market buzz
- The backing of well-known public figures often leads to increased brand recognition and trust
FAQs
Q1. How much did Shah Rukh Khan invest in Sri Lotus Developers?
A: ₹10.1 crore through the Shah Rukh Khan Family Trust, acquiring 6.75 lakh shares.
Q2. Who owns Sri Lotus Developers?
A: The company is led by Anand Pandit, also a prominent Bollywood producer.
Q3. Which other celebrities have invested in the company?
A: Amitabh Bachchan, Hrithik Roshan, Ajay Devgn, Ektaa Kapoor, Sara Ali Khan, Tiger Shroff, and Rajkummar Rao.
Q4. What is the IPO size of Sri Lotus Developers?
A: The company has received SEBI approval for a ₹792 crore IPO.
Q5. What’s the connection between Amitabh Bachchan and Anand Pandit?
A: Pandit is a lifelong fan of Bachchan and was inspired by his character in Trishul. Their relationship grew when Pandit sold a property next to Jalsa back to Bachchan.