Bollywood superstar Shah Rukh Khan has made headlines once again with a significant investment in Mumbai's luxury real estate market. The actor has leased two opulent duplex apartments in the upscale Pali Hill area of Khar, with lease agreements totaling ₹8.67 crore over a three-year period.
The luxury duplexes are located in Puja Casa, a high-end residential building in Pali Hill. The lease covers:
According to official documents, both rental agreements were registered in February 2025, marking another notable addition to Shah Rukh Khan’s impressive real estate portfolio.
In another major financial development, Shah Rukh Khan is set to receive a ₹9 crore refund from the Maharashtra state government. The refund comes after an error in premium calculation by the Mumbai suburban collectorate during the ownership transfer of his iconic sea-facing residence, Mannat.
Originally acquired in 2001 from the Bai Khorshed Bhanu Sanjana Trust, Mannat became fully owned by Khan in 2019. However, the suburban collectorate mistakenly calculated the premium on both construction and land value, instead of just the land value.
Satish Bagal, the resident suburban deputy collector, clarified, "The premium was to be paid on the value of the land. Instead, it was calculated on the basis of the entire construction costs plus the value of land." The refund process was initiated after Gauri Khan, Shah Rukh's wife, filed an appeal in September 2022. The appeal has now been sanctioned, and the state is awaiting a formal government order to process the refund.
Adding to these developments, Gauri Khan is working closely with the Maharashtra Coastal Zone Management Authority (MCZMA) to expand Mannat. Plans have been submitted to add two additional floors to the six-storey annexe, which will increase the living space by 616.02 sq. metres.
Apart from Mannat, another one of Khan’s properties—a sea-facing apartment at Shree Amrit CHSL on Carter Road—is set for redevelopment. The 4,000 sq. metre site, which includes three wings and over 45,000 sq. ft. of carpet area, is slated for reconstruction in collaboration with leading real estate developers.
Shah Rukh Khan’s recent real estate moves highlight his keen interest in Mumbai’s luxury property market. From leasing high-end duplexes in Pali Hill to expanding his iconic residence, Mannat, and redeveloping prime properties on Carter Road, SRK continues to make significant strides in the real estate sector. These investments not only underline his financial acumen but also reflect his commitment to creating luxurious and expansive living spaces in the heart of Mumbai.
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