Aamir Khan’s Housing Society to Be Redeveloped with High-End Apartments Priced Above ₹1 Lakh per Sq Ft

Aamir Khan will soon see his housing society in Mumbai’s Pali Hill locality undergo redevelopment. The project, set to be completed by December 2025, will involve the Virgo Cooperative Housing Society, where Khan owns multiple apartments. The redevelopment, led by Man Infraconstruction Limited (MICL), will feature apartments priced at over ₹1 lakh per square foot.

The redevelopment will be carried out by Atmosphere Realty, a joint venture formed by three real estate companies—Wadhwa Group, MICL, and Chandak Group. This collaboration is working on turning the existing building into a modern residential complex that will appeal to those seeking high-end properties in a prominent area of Mumbai.

Aamir Khan, known for his work in films such as Taare Zameen Par and his upcoming movie Sitaare Zameen Par, will receive new units after the redevelopment is finished. His ownership of several apartments in the building reflects the desirability of the location, which is known for its proximity to important parts of Mumbai and its high-profile residents.

The project is currently in the approval phase. According to Manan Shah, Managing Director of MICL, the goal is to launch the redeveloped complex by December 2025. The project is part of the redevelopment of the Virgo Cooperative Housing Society, which will be transformed into a more modern living space with updated features and amenities.

The luxury apartments in the project are expected to be priced above ₹1 lakh per square foot, which places them in the upper segment of Mumbai's real estate market. While the luxury segment has seen some slowdown recently, especially for properties priced above ₹30 crore, MICL remains confident that the development will attract buyers due to the prime location of the property and the growing demand for high-end housing in the area.

Pali Hill is a highly sought-after address in Mumbai, home to many prominent individuals, including Bollywood stars and business leaders. The area’s exclusivity, along with the redevelopment's high-end offerings, is expected to appeal to a specific market of buyers interested in prime real estate.

While the real estate market has experienced a slowdown in the ultra-luxury segment, MICL’s overall sales have been strong. The company is optimistic that the redevelopment project will be well-received, with Pali Hill’s reputation and the features of the new development attracting interest from potential buyers.

The redevelopment of the Virgo Cooperative Housing Society will not only change the appearance of the area but also add to the growing demand for luxury properties in Mumbai. The project is expected to serve as a benchmark for similar developments in the city, offering a combination of location, quality, and exclusivity that appeals to high-net-worth individuals.

Once completed, the project will provide a modern living environment in one of Mumbai’s most prestigious neighborhoods. The redevelopment of Aamir Khan’s housing society marks another significant step in shaping the future of luxury real estate in the city.