Latest news with #VirgoCooperativeHousingSociety
Hindustan Times
05-05-2025
- Entertainment
- Hindustan Times
Aamir Khan's housing society will have luxury apartments priced above ₹1 lakh per sq ft post redevelopment
Man Infraconstruction Limited (MICL), a listed real estate developer, plans to launch an ultra-luxury project with luxury apartments priced at above ₹1 lakh per sq ft in Mumbai's upscale Pali Hill locality of Bandra by December 2025. The luxury project will be developed as part of the redevelopment of the Virgo Cooperative Housing Society, where Bollywood actor Aamir Khan owns multiple apartments. Aamir Khan, who is in the news for his poster of Sitaare Zameen Par, a spiritual sequel to his critically acclaimed Taare Zameen Par (2007), owns approximately 12 apartments in his building, which is expected to undergo redevelopment by the end of 2025. Aamir Khan will receive a new set of units as the building undergoes redevelopment. The project will be developed as part of the redevelopment of the Virgo Cooperative Housing Society. Also Read: Sitaare Zameen Par poster: Aamir Khan teases story about special people and fans are 'ready to sob'; film out next month The housing society is being redeveloped by Atmosphere Realty- a joint venture between three real estate companies – Wadhwa Group, MICL and Chandak Group. Also Read: Aamir Khan's housing society redevelopment: MICL plans to launch a luxury project in Mumbai's Pali Hill by December 2025 In December 2023, the MICL announced it would undertake the project redevelopment through one of its associate entities, which holds a 34% stake. "The project is currently under the approval stage, and we, along with our partners, are working on the documentation with the society. The target now is to launch the project in December 2025, Manan Shah, Managing Director of MICL, told in April 2025. According to Manan Shah, Managing Director of MICL, the luxury apartments in their Pali Hill redevelopment project (which includes the redevelopment of Aamir Khan's housing complex) are expected to be priced above ₹1 lakh per sq ft. Also Read: Mumbai real estate: 5 Bollywood stars who have invested nearly ₹80 crore in properties in Bandra According to Manan Shah, while overall sales have been strong for their company, there is noticeable sluggishness in the ultra-luxury segment of Mumbai's real estate market. 'Sales have been very good for us overall. However, there is some slowdown in the segment priced above ₹1 lakh per sq ft. Any product priced at ₹30 crore or more is witnessing slower movement,' Shah said.
India.com
24-04-2025
- Entertainment
- India.com
After Shah Rukh Khan, Aamir Khan also set to vacate his Bandra home due to...
Recently, the news of Bollywood's King Khan aka Shah Rukh Khan vacating his extravagant home Mannat due to renovation grabbed attention. Now, another Khan has added his name to the list. While many may think it is Salman Khan due to the constant death threats he has received, it is not even Salman Khan — it is Aamir Khan. According to media reports, Aamir is soon going to vacate his Bandra house. As soon as the news broke, Aamir's fans were left shocked and worried. However, let us tell you that the actor is shifting homes because of renovation work. The real estate developer Man Infraconstruction Limited (MICL) is launching an ultra-luxury project in Pali Hill this year. This project is part of the renovation of Virgo Cooperative Housing Society. This is the same society where Aamir Khan lives. As per the details shared by Manan Shah, the Managing Director of MICL Group, the real estate group will build luxurious 4BHK and 5BHK flats with a sea view. As per details shared by Hindustan Times, the flat measures 1,027 sq ft and costs over ₹9 crore. The transfer deed was finalized in June 2024, with a stamp duty of Rs 58.5 lakh and a registration fee of Rs 30,000, as per property registration documents obtained by Square Yards. 'The project is currently under the approval stage, and we, along with our partners, are working on the documentation with the society. The target now is to launch the project in December 2025,' Manan was quoted as saying by HT. Khan's complex is expected to be priced above Rs 1 lakh per sq ft.
News18
21-04-2025
- Entertainment
- News18
After Shah Rukh Khan, Aamir Khan To Also Vacate Bandra Home; What Is His New Address In Mumbai?
Aamir Khan's society is about to go under redevelopment, as per reports. After Shah Rukh Khan, Aamir Khan is also set to vacate his home in Bandra. Aamir Khan lives in Bandra's Pali Hill area, and his home has become an iconic spot for his fans. However, just like Shah Rukh Khan has temporarily moved out of Mannat, Aamir Khan will also move out of his apartment soon. Why Is Aamir Khan Leaving His Home? Aamir Khan's building will undergo redevelopment soon, as per reports. Man Infraconstruction Limited (MICL), a real estate developer, will launch an ultra-luxury project in Pali Hill this year. This project is a part of the redevelopment of the Virgo Cooperative Housing Society, where Aamir Khan owns multiple apartments. As per Manan Shah, the Managing Director of MICL Group, the redeveloped building will boast swanky new 4 and 5 BHK flats with a sea view. According to Hindustan Times, the price of these apartments will be over Rs 1 lakh per sq ft. Aamir Khan's New Address During this period, Aamir Khan and other residents of the building will be given flats in the rehab component of the redeveloped project. Interestingly, Aamir Khan also owns another property in the same Pali Hill neighbourhood. This property is reportedly worth Rs 9 crore. Shah Rukh Khan And Mannat Meanwhile, the renovations at Shah Rukh Khan's Mannat have already begun. As per reports, Mannat is likely to get two new floors added to its tall frame. For the unversed, Gauri Khan applied for permission from the Maharashtra Coastal Zone Management Authority (MCZMA) to expand their iconic home. The proposal aims to add two more floors to the six-storey annexe, increasing its built-up area by 616.02 square meters. Shah Rukh Khan has rented two luxurious duplex apartments in Puja Casa in Bandra's Pali Hill on a three-year lease. Shah Rukh Khan has leased four floors in the building. These properties belong to Vashu Bhagnani, with one apartment owned by Jackky Bhagnani and Deepshikha Deshmukh, leased to Shah Rukh for Rs 11.54 lakh per month, alongside a security deposit of Rs 32.97 lakh. The second apartment, owned by producer Vashu Bhagnani, is rented at Rs 12.61 lakh per month, requiring a Rs 36 lakh deposit. First Published: April 21, 2025, 19:54 IST
Time of India
21-04-2025
- Entertainment
- Time of India
Aamir Khan to move out of his Pali Hill home for renovation; purchases new apartment for Rs 9 crore- Report
Bollywood star Aamir Khan is set to relocate from his long-time residence in Bandra's elite Pali Hill , as his building is reportedly preparing for major redevelopment and renovation works. According to The Indian Express, one of the well-known real estate firms in Mumbai has taken the reins for the upscale transformation of the Virgo Cooperative Housing Society, where Aamir Khan currently resides. The actor owns multiple units in the building, which will soon make way for an ultra-premium residential project slated for a late 2025 launch. As part of the redevelopment deal, existing residents—including Khan—will receive apartments in the rehabilitation section of the revamped property. As per Square Yards, Aamir recently acquired a new 1,027 sq ft apartment within the same neighbourhood for Rs 9 crore. The transaction, completed in June 2024, included a stamp duty of Rs 58.5 lakh and a registration fee of Rs 30,000. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo Aamir, Gauri Join Shikhar, Sophie Shedding light on the ambitious project, Manan Shah, Managing Director of the real estate group, shared that the premium segment would feature 4 and 5 BHK sea-facing residences. According to industry buzz, these swanky homes could be priced upwards of Rs 100 crore. A report by Hindustan Times further adds that these high-end properties are valued at over Rs 1 lakh per sq ft. Interestingly, Shah Rukh Khan has temporarily moved into the Pali Hill area as well. He and his family have leased luxury apartments owned by Jackky Bhagnani and Vashu Bhagnani for Rs 8.7 crore for a period of two years. The lease aligns with the estimated timeline of Mannat's makeover, which is expected to span 1.5 to 2 years. The reported budget for the renovation stands at Rs 25 crore, with upgrades including two additional floors in the annexe, covering a total area of 616.02 sq ft.
