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Introduction: Bollywood’s Real Estate Shuffle Heats Up in Pali Hill
In a striking real estate development, Bollywood icon Aamir Khan has leased four luxury apartments in Mumbai’s upscale Pali Hill area for a monthly rent of ₹24.5 lakh. The move places him just 750 meters from Shah Rukh Khan’s temporary residence, Puja Casa, as both stars navigate housing transitions due to redevelopment and renovation projects. The lease, registered on May 20, 2025, was reported today, August 4, 2025, and marks a significant moment in Mumbai’s celebrity housing landscape.
Key Highlights from the Lease Agreement
- Aamir Khan has rented four apartments in Wilnomona Apartment, Pali Hill
- Monthly rent totals ₹24.5 lakh, with a 5 percent annual escalation clause
- Lease tenure is five years (May 2025 to May 2030), with a 45-month lock-in period
- Security deposit exceeds ₹1.46 crore
- Stamp duty paid was over ₹4 lakh, with a registration fee of ₹2,000
Why the Move? Redevelopment of Virgo Cooperative Housing Society
- Aamir Khan’s current residence in Virgo Cooperative Housing Society is set for redevelopment
- He owns approximately 12 flats in the society, which will be rebuilt by Atmosphere Realty
- The redevelopment is a joint venture between Wadhwa Group, MICL, and Chandak Group
- New sea-view luxury apartments expected to be priced over ₹1 lakh per sq ft
- Some units may cross ₹100 crore in value, making it one of Mumbai’s most premium projects
Proximity to Shah Rukh Khan’s Temporary Address
- Shah Rukh Khan has leased two duplex apartments in Puja Casa, Pali Hill, during Mannat’s renovation
- Aamir Khan’s new rental is just 750 meters from SRK’s temporary home
- The area is fast becoming a celebrity enclave, with Sanjay Dutt, Alia Bhatt, and others nearby
- Pali Hill’s appeal lies in its exclusivity, sea views, and proximity to film studios
Real Estate Trends in Pali Hill
- Luxury apartments in Pali Hill command rates between ₹80,000 to ₹1.30 lakh per sq ft
- The neighborhood is undergoing a wave of redevelopment, attracting high-net-worth individuals
- MICL’s upcoming ultra-luxury project is expected to redefine Mumbai’s premium housing market
- Aamir Khan’s move reflects growing demand for temporary high-end rentals during redevelopment cycles
Ownership and Transaction Details
- The four flats were leased from Wilfred Anthony Jose Pereira
- The transaction was registered with full documentation, including escalation and lock-in clauses
- The lease includes provisions for annual rent hikes and maintenance responsibilities
- Aamir Khan and the property owner have not publicly commented on the deal
Conclusion: Aamir Khan’s Strategic Move Amid Mumbai’s Luxury Housing Boom
Aamir Khan’s decision to lease four high-end apartments in Pali Hill underscores the shifting dynamics of Mumbai’s celebrity real estate scene. With redevelopment reshaping iconic housing societies and stars seeking temporary luxury accommodations, Pali Hill is emerging as the epicenter of Bollywood’s residential evolution. As Aamir settles into his new address and Shah Rukh continues his stay nearby, the neighborhood is witnessing a rare convergence of cinematic royalty.
Source: Hindustan Times
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