What are Shah Rukh Khan's plan for renovation? Here's everything you want to know | READ

Maharashtra:  Shah Rukh Khan’s iconic ocean- facing mansion in Bandra,' Mannat', a pitstop for millions of his fans who visit Mumbai for the first time, will suffer addition starting May for over two times. SRK’s 27,000- square bottom bungalow is erected on a property from 1914, which is a Grade- 2B heritage structure on Bandstand.

What concurrences does SRK need to carry out Mannat's addition plans?

Reports suggest that the Bollywood Badshah will be entering a Rs 9 crore refund from the Maharashtra government following an error in calculating the power conversion decoration for his bungalow. According to a report, the Mumbai suburban collectorate admitted to a misapprehension made during the conversion of the property from leasehold to freehold power. So, what concurrences does SRK need to carry out Mannat’s addition plans. Khan’s roof was originally called Villa Vienna was marked as a Grade 3 heritage structure, as per the first table of heritage spots in Greater Mumbai published in 1995.

How are heritage structures classified In Mumbai?

The heritage parcels are classified predicated into architectural parameters and nonfictional significance. There are three main orders, Grades 1, 2,  Grade 1 Structures, which are of public or nonfictional significance and have an excellent architectural design. According to rules, these structures need to be precisely saved. Grade 2 Structures include structures and firmaments of original and indigenous significance enjoying special architectural and cultural merit. Grade 3 structures and spots are important for a townscape.

What are the concurrences that SRK need?

 At the very end of this strip stands the remains of Bandra Fort. Since Mannat is located in an area, which is so close to the ocean, property owners have to get concurrence from the Maharashtra Coastal Zone Management Authority(MCZMA) – the state’s nodal authority to regulate development concurrences. Reports suggest that SRK has applied to add two fresh bottoms to the annexe, which, if approved, would increase the erected- up area by 616.02 sq metres and its valuation.

What about Mannat's refund?

SRK acquired Mannat, a Grade III heritage structure, on a 99 time parcel in 2001 from the Bai Khorshed Bhanu Sanjana Trust. Heritage laws, which save the nonfictional integrity of analogous parcels, enjoin significant structural changes. He erected amulti- storey annexe behind the bungalow, which now serves as their primary roof.

In 2019, he converted Mannat from leased property( class 2) to freehold power( class 1), paying a decoration of Rs 27.5 crore. still, Satish Bagal, the suburban deputy collector, told media. The distinction was linked in September 2022, herding SRK’s woman, Gauri Khan to file an appeal for a refund. The collectorate recently approved the payment.

What is Mannat’s Real Estate value?

The estimated value of Mannat stands at roughly Rs 200 crore( Rs 2 billion), as per Business moment. In posh areas like Bandra West, domestic parcels are priced between Rs 33,000 and Rs 34,000 per sq ft, while luxury centrals analogous as Juhu command rates of around Rs 56,000 per sq ft. In western and central metropolises, property prices range from Rs 20,000 to Rs 50,000 per sq ft. Arising areas like Thane and Navi Mumbai (including Ulwe, Dronagiri, and Panvel) offer more affordable options, with cost between Rs 10,000 and Rs 25,000 per sq ft, supported by metro expansions and other structure systems, the report added.