Shah Rukh Khan rents Pali Hill flat for ₹24 lakh as family prepares to leave Mannat—here’s why

Shah Rukh Khan, Gauri Khan, and their kids, Aryan Khan, Suhana Khan and AbRam Khan, are soon going to move out of their iconic residence, Mannat. As per sources, the Khan family will now be shifting to a luxury flat in the Pali Hill area of Mumbai.

Why is Shah Rukh Khan leaving Mannat?

The decision comes as Mannat annexe will undergo renovation and extension work for almost two years.

As reported by Hindustan Times, the Bollywood superstar has leased four floors of the Pali Hill flat for a whopping ₹24 lakh rent per month. Each floor has one flat, spacious enough for the Khan family and their security and staff, as per sources.

Reportedly, the renowned film producer Vashu Bhagnani has built the luxury Pali Hill apartment that Shah Rukh Khan and his family will be leasing.

Shah Rukh Khan's production company, Red Chillies Entertainment, reportedly signed a leave and license agreement with Vashu Bhagnani's children, son Jackky Bhagnani and daughter Deepshika Deshmukh, the co-owners of the property, Puja Casa.

Business Standard reported that the Pathaan actor has leased two duplex apartments located on the first, second, seventh, and eighth floors of the Palli Hill building.

Last November, Gauri Khan sought approval from the Maharashtra Coastal Zone Management Authority (MCZMA) to add two more floors at the Mannat annexe. 

Mannat

In 2001, Shah Rukh Khan bought the heritage bungalow Mannat, which has now become an iconic landmark in the city. Located in the Bandstand area of Bandra, the property cost him around ₹13 crore.

Valued at approximately ₹200 crore, Mannat is a sprawling 27,000-square-foot mansion spread across six floors. The sea-facing property boasts grand interiors, luxurious living spaces, an expansive library, a fully equipped gym, a private theatre, and a lavish terrace.

Shah Rukh's office, where he manages Red Chillies Entertainment, is also housed at Mannat.

Over the years, Mannat has undergone multiple renovations under Gauri Khan, a renowned interior designer who has personally curated its design and decor.