Shah Rukh Khan’s first-ever property purchase in Mumbai, a sea-facing apartment in the iconic Shree Amrit Society on Carter Road, is set to be redeveloped by the IPO-bound Sri Lotus Developers and Realty Limited. The redevelopment project promises homeowners a substantial 155% increase in apartment area and a massive ₹2,000 crore total development value, making it one of the most high-profile redevelopment projects in Bandra.
Project Highlights
📌 Key Redevelopment Facts
| Feature | Details |
|---|---|
| Society Name | Shree Amrit CHSL |
| Location | Carter Road, Bandra (W), Mumbai |
| Developer | Sri Lotus Developers and Realty Ltd. |
| Project Value | ₹2,000 crore |
| Area Post-Redevelopment | 6 lakh sq ft (Total Built-up) |
| Additional Area to Residents | 155% increase |
| Plot Size | 4,000+ sq m (approx. 1 acre) |
| Number of Flat Owners | ~53 |
| Timeline | 6–8 months for vacating; ~3 years for construction |
Redevelopment of an Iconic Property
A Sentimental Landmark for SRK
Shah Rukh Khan purchased his apartment in the Shree Amrit Society shortly after marrying Gauri Khan. Though he never lived there permanently nor rented it out, sources say the flat has been carefully maintained over the years.
A developer familiar with the matter commented:
“This was SRK’s first real estate purchase in Mumbai, which gives it immense sentimental value, even if it’s not currently occupied.”
The Developer: Sri Lotus Developers and Realty Ltd.
Backed by a star-studded list of investors, including Shah Rukh Khan’s family trust, Amitabh Bachchan, Hrithik Roshan, and investor Ashish Kacholia, Sri Lotus Developers received SEBI approval in May 2025 for a ₹792 crore IPO.
Their appointment came after months of developer negotiations and a formal voting process by society members.
“We have formally appointed Sri Lotus Developers for redevelopment after a voting session. The homeowners will receive 155% additional area,” a society member shared.
Location Advantage: Prime Bandra Real Estate
- Carter Road remains one of Mumbai’s most sought-after addresses, known for its sea views and proximity to celebrity homes.
- The Shree Amrit Society is located approximately:
- 2 km from Salman Khan’s Galaxy Apartments
- 3 km from SRK’s Mannat Bungalow, currently undergoing repairs
- SRK’s temporary residence: Two leased duplexes (10,500 sq ft total) in Puja Casa, Pali Hill, Khar
Real Estate Trends on Carter Road
- Average Rate: ₹1 lakh/sq ft
- Prime Seafront Rate: ₹1.30 lakh/sq ft+
- Ongoing Redevelopment: Oberoi Realty’s 2,576 sq m parcel also under development nearby
What Is Redevelopment?
Redevelopment in Maharashtra involves the demolition of ageing structures and construction of modern buildings in compliance with updated regulations. Benefits include:
- Larger, upgraded homes for existing residents
- Additional saleable area for developers
- Revenue for the government through Floor Space Index (FSI) sales
Official Quotes
“The society elected Lotus Developers after a voting session. We anticipate vacating the society in six to eight months,” said a society member.
“The society has managed to get a 155% extra area. The total built-up area is 6 lakh sq ft and the development value is ₹2,000 crore,” a source revealed.
FAQs
1. What is the name of the society where Shah Rukh Khan owns a flat?
Shree Amrit CHSL, located on Carter Road in Bandra, Mumbai.
2. Who is the developer undertaking the redevelopment project?
Sri Lotus Developers and Realty Limited, an IPO-bound firm with celebrity investors.
3. How much additional space will residents receive?
Homeowners will receive 155% more area post-redevelopment.
4. When will the redevelopment begin?
Vacating is expected within 6–8 months of approvals, with construction estimated to take 3 years.
5. What is the estimated development value of the project?
Approximately ₹2,000 crore, with a built-up area of around 6 lakh sq ft.