An exciting development is on the horizon for one of the most sought-after residential areas in Mumbai, as construction behemoth Man Infraconstruction Ltd announced plans to redevelop a building co-owned by none other than Bollywood superstar Aamir Khan. Situated in the plush environs of Pali Hill in Bandra West, a prominent neighborhood that boasts a conglomeration of celebrity homes, this sea-facing property is readying for a transformation that is set to redefine luxury living.
On a sprawling plot of about 37,000 square feet, the Virgo CHS Ltd, which includes the Bella Vista and Marine wings, is preparing for a grand makeover, as confirmed on Friday. Of the 24 existing flats, nine are under the ownership of Aamir Khan, adding to the star value of the property. The redevelopment process is expected to take off in mid-2024, with MICL proceeding through an associate company.
The reimagined version of this property will house ultra-luxury flats that cover a saleable area of approximately 50,000 square feet. The project targets a revenue projection of around Rs 500 crore, signaling a significant premium real estate venture. Owners of the original flats, including Aamir Khan, are poised to reap the benefits of this redevelopment, as they will be entitled to larger residences, receiving an additional 55-60% more space than their existing homes provide.
Buyers on the lookout for opulent living spaces will find these new abodes irresistible, each offering a panoramic view of the Arabian Sea and designed with either four or five bedrooms. Initial market indications suggest that the cost per square foot could be in the vicinity of Rs. 125,000, mirroring the elite status of Pali Hill as one of Mumbai’s most picturesque and high-value residential areas.
Pali Hill’s allure is not just limited to its scenic beauty but also its reputation as the starting point of Mumbai’s ‘glamour crescent,’ which extends from Bandra West to Oshiwara on the city’s western edge. The region is synonymous with the rich and famous, housing numerous film stars, television personalities, entertainment moguls, corporate tycoons, and influential political figures.
The neighborhood boasts an impressive list of star-studded residents and icons including Shah Rukh Khan, Salman Khan, Sanjay Dutt, and Saira Banu. The list continues with evergreen actors like Rekha and Amitabh Bachchan, literary and film personalities like Shabana Azmi and Javed Akhtar, as well as the Kapoor film dynasty. Not to mention, Rani Mukherjee, Farah Khan, and Vivek Oberoi, among others, have chosen this posh locale as their home base. It is also where many top film producers, directors, and music directors operate their businesses and creative endeavors.
As Mumbai continues to cement its status as a hub of luxury and opulence, this redevelopment project exemplifies the city’s relentless march towards urban grandeur and architectural magnificence. In reshaping the contours of Pali Hill’s skyline, Aamir Khan’s property is set to become an even more prominent landmark, offering a glimpse into the lavish lifestyles of India’s most celebrated individuals.
As anticipation for this redevelopment builds, the projected completion and final reveal of these ultra-luxury residences are set to be one of the most keenly watched real estate stories in the coming years. With this strategic move, Man Infraconstruction Ltd is poised to deliver an unmatched level of sophistication and extravagance, reinforcing Mumbai’s standing as a city that caters to the pinnacle of luxury living.
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