MICL will redevelop Aamir Khan building

Mumbai: Man Infraconstruction Ltd will redevelop a building partly owned by Bollywood mega-star Aamir Khan in the posh Pali Hill area of Bandra west, a statement said here on Friday. The sea-facing building with Aamir Khan and other owners stands on a plot of around 37,000 square feet and the redevelopment is likely to start in mid-2024. The property is Virgo CHS Ltd. comprising two wings – Bella Vista and Marine – with 24 flats in which 9 are owned by Khan.

The building will have ultra-luxury flats with a sale component of around 50,000 square feet targeting an expected revenue of around Rs 500 crore, and MICL will redevelop it through an associate company. After redevelopment, each of the existing owners shall be eligible for bigger flats, with around 55-60 per cent extra area compared with the existing area.