Bollywood’s beloved King, Shah Rukh Khan, is set to bid farewell to his legendary Bandra bungalow, Mannat, as he and his family prepare to move into a luxurious new home in Mumbai’s exclusive Pali Hill area. The decision comes as Mannat’s annexe is slated for an extensive two-year renovation and expansion.

According to insiders, the superstar has secured a deal for four floors in an apartment built by renowned film producer Vashu Bhagnani. The lease, costing a staggering Rs2.4 million per month, includes one spacious flat per floor — ample room for SRK, wife Gauri Khan, their children Aryan, Suhana, and AbRam, along with their security and staff.

Red Chillies Entertainment has reportedly signed a leave and license agreement with Vashu Bhagnani’s children – Jackky Bhagnani and Deepshika Deshmukh, co-owners of the property. The deal covers two duplex apartments spread over the first, second, seventh, and eighth floors of the building.

Mannat, a 27,000-square-foot sea-facing mansion bought in 2001 for a modest Rs130 million, has grown into a Bollywood landmark valued at around Rs2 billion. With its grand interiors, private theatre, expansive library, and even SRK’s own office, the property has been meticulously updated over the years by his wife Gauri, who is an accomplished interior designer.

From Villa Vienna to Bollywood Icon: How SRK transformed a heritage home

Originally known as Villa Vienna, this storied home was built in 1914 by Nariman K Dubash and has stood the test of time. But everything changed when Shah Rukh Khan, while filming a scene for the movie Yes Boss at Bandstand, fell head over heels for the property. So captivated was he that he snapped it up in 2001.

However, thanks to its heritage status, SRK wasn’t allowed to make sweeping changes to the historic mansion. Undeterred, the actor devised a clever workaround — he built the six-storey Mannat Annexe behind the original home, seamlessly blending heritage with modern luxury.

(Source: HT, Business Standard)