{"id":7321,"date":"2025-08-20T06:18:32","date_gmt":"2025-08-20T06:18:32","guid":{"rendered":"https:\/\/housiey.com\/blogs\/?p=7321"},"modified":"2025-08-20T06:18:32","modified_gmt":"2025-08-20T06:18:32","slug":"shah-rukh-khans-society-gets-155-extra-space-after-redevelopment-what-other-homeowners-should-know","status":"publish","type":"post","link":"https:\/\/housiey.com\/blogs\/shah-rukh-khans-society-gets-155-extra-space-after-redevelopment-what-other-homeowners-should-know","title":{"rendered":"Shah Rukh Khan\u2019s Society Gets 155% Extra Space After Redevelopment \u2013 What Other Homeowners Should Know"},"content":{"rendered":"<p>Redevelopment continues to reshape Mumbai\u2019s skyline, offering homeowners a chance to upgrade their lifestyles while boosting property values. The latest high-profile example comes from Bandra\u2019s Shree Amrit Society on Carter Road, where superstar Shah Rukh Khan owns a sea-facing apartment. The society recently announced a redevelopment deal that will grant its residents a staggering 155% extra space.<\/p>\n<blockquote><p><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/web-stories\/shah-rukh-khan-house-inside-address-net-worth-news\" target=\"_blank\" rel=\"noopener\">Shah Rukh Khan House: Inside | Address | Net Worth | News<\/a><\/strong><\/em><\/p><\/blockquote>\n<p>This means that once construction is complete, SRK himself could receive a 4 BHK apartment spanning nearly 2,800 sq. ft., according to sources.<\/p>\n<p>But such massive gains are not uniform across the city. Experts point out that location, plot size, FSI (Floor Space Index), and developer terms largely dictate how much additional space homeowners can expect. Let\u2019s break down the key aspects every society should consider before signing a redevelopment deal.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/housiey.com\/blogs\/shah-rukh-khans-society-gets-155-extra-space-after-redevelopment-what-other-homeowners-should-know\/#What_Exactly_is_Redevelopment\" >What Exactly is Redevelopment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/housiey.com\/blogs\/shah-rukh-khans-society-gets-155-extra-space-after-redevelopment-what-other-homeowners-should-know\/#How_Much_Does_Location_Influence_Extra_Space\" >How Much Does Location Influence Extra Space?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/housiey.com\/blogs\/shah-rukh-khans-society-gets-155-extra-space-after-redevelopment-what-other-homeowners-should-know\/#Does_Extra_Space_Mean_Extra_Costs\" >Does Extra Space Mean Extra Costs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/housiey.com\/blogs\/shah-rukh-khans-society-gets-155-extra-space-after-redevelopment-what-other-homeowners-should-know\/#Is_Redevelopment_Just_About_Area_Gain\" >Is Redevelopment Just About Area Gain?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/housiey.com\/blogs\/shah-rukh-khans-society-gets-155-extra-space-after-redevelopment-what-other-homeowners-should-know\/#Why_Should_Societies_Hire_Their_Own_Lawyers\" >Why Should Societies Hire Their Own Lawyers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/housiey.com\/blogs\/shah-rukh-khans-society-gets-155-extra-space-after-redevelopment-what-other-homeowners-should-know\/#Why_Does_the_Developers_Track_Record_Matter\" >Why Does the Developer\u2019s Track Record Matter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/housiey.com\/blogs\/shah-rukh-khans-society-gets-155-extra-space-after-redevelopment-what-other-homeowners-should-know\/#Final_Takeaway\" >Final Takeaway<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Exactly_is_Redevelopment\"><\/span><strong>What Exactly is Redevelopment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In Mumbai and across Maharashtra, many aging housing societies\u2014mostly two to seven-storey buildings\u2014are opting for redevelopment.<\/p>\n<ul>\n<li>The old building is demolished.<\/li>\n<li>A modern, larger structure is built.<\/li>\n<li>Residents receive bigger homes at no cost.<\/li>\n<li>Developers profit by selling surplus apartments in the open market.<\/li>\n<li>The government earns revenue through FSI sales.<\/li>\n<\/ul>\n<p>On paper, everyone benefits\u2014but the real deal depends on the fine print.<\/p>\n<blockquote><p><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/why-shah-rukh-khan-amitabh-bachchan-are-betting-big-on-this-mumbai-real-estate-firm\" target=\"_blank\" rel=\"noopener\">Why Shah Rukh Khan &amp; Amitabh Bachchan Are Betting Big on This Mumbai Real Estate Firm<\/a><\/strong><\/em><\/p><\/blockquote>\n<ol>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Does_Location_Influence_Extra_Space\"><\/span><strong> How Much Does Location Influence Extra Space?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Location is the single biggest factor.<\/p>\n<ul>\n<li><strong>Premium sea-facing or prime areas<\/strong> (like Bandra, Worli, or Juhu) often see homeowners doubling their area.<\/li>\n<li><strong>Average or less desirable locations<\/strong> may fetch only <strong>20\u201350% extra space<\/strong>.<\/li>\n<li>In some upscale areas like Worli Seaface, residents have negotiated <strong>94% extra area plus full rent upfront<\/strong>, showing how drastically deals can vary within just a few hundred meters.<\/li>\n<\/ul>\n<ol start=\"2\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Does_Extra_Space_Mean_Extra_Costs\"><\/span><strong> Does Extra Space Mean Extra Costs?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Yes. With a larger home comes higher upkeep.<\/p>\n<ul>\n<li>Current maintenance fees in older societies: <strong>\u20b91,500\u2013\u20b92,000 per month<\/strong>.<\/li>\n<li>In new redeveloped condominiums, fees can rise significantly due to bigger homes and premium amenities.<\/li>\n<li>Homeowners must budget for higher monthly expenses before finalizing the agreement.<\/li>\n<\/ul>\n<ol start=\"3\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Is_Redevelopment_Just_About_Area_Gain\"><\/span><strong> Is Redevelopment Just About Area Gain?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Not at all. Experts caution that redevelopment is about <strong>more than numbers<\/strong>.<\/p>\n<p>\u201cRedevelopment is a once-in-a-lifetime opportunity\u2014not just for a bigger flat but for a better lifestyle, long-term security, and legacy,\u201d says Sharan Babani, promoter of Satguru Builders.<\/p>\n<p>Factors to check:<\/p>\n<ul>\n<li>Developer\u2019s <strong>design quality<\/strong>.<\/li>\n<li><strong>Construction standards<\/strong>.<\/li>\n<li><strong>Timely delivery track record<\/strong>.<\/li>\n<li>Whether the new building will retain value <strong>20 years from now<\/strong>.<\/li>\n<\/ul>\n<blockquote><p><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/shah-rukh-khan-house-inside-address-net-worth-news\" target=\"_blank\" rel=\"noopener\">Shah Rukh Khan House: Inside | Address | Net Worth | News<\/a><\/strong><\/em><\/p><\/blockquote>\n<ol start=\"4\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Why_Should_Societies_Hire_Their_Own_Lawyers\"><\/span><strong> Why Should Societies Hire Their Own Lawyers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Legal protection is non-negotiable.<\/p>\n<ul>\n<li>Developers often offer to draft the redevelopment agreement themselves.<\/li>\n<li>Experts warn this is a <strong>red flag<\/strong>, as such drafts may lean in favor of the builder.<\/li>\n<li>Societies should <strong>appoint independent lawyers and architects<\/strong> to safeguard their interests and ensure transparency.<\/li>\n<\/ul>\n<ol start=\"5\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Why_Does_the_Developers_Track_Record_Matter\"><\/span><strong> Why Does the Developer\u2019s Track Record Matter?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>Not all developers are equally skilled in redevelopment. Unlike building on vacant land, redevelopment projects involve:<\/p>\n<ul>\n<li>Managing <strong>existing tenants and promises<\/strong>.<\/li>\n<li>Handling <strong>legal clearances<\/strong>.<\/li>\n<li>Delivering <strong>on time<\/strong> while balancing profitability.<\/li>\n<\/ul>\n<p>Legal and real estate experts recommend choosing either:<\/p>\n<ul>\n<li><strong>Branded developers<\/strong> with a city-wide reputation, or<\/li>\n<li><strong>Experienced local players<\/strong> with proven success in the same neighborhood.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Final_Takeaway\"><\/span><strong>Final Takeaway<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Redevelopment can transform lives\u2014offering homeowners modern, spacious apartments without direct investment. But every society must proceed with due diligence, balancing the lure of extra square footage with hidden costs, legal safeguards, and the developer\u2019s credibility.<\/p>\n<p>For societies in premium zones like Carter Road, Bandra, or Worli, deals may seem golden. But for others, the outcome depends on negotiation, transparency, and professional guidance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Redevelopment continues to reshape Mumbai\u2019s skyline, offering homeowners a chance to upgrade their lifestyles while boosting property values. The&hellip;<\/p>\n","protected":false},"author":5,"featured_media":7322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[70,71],"tags":[435,2967],"class_list":["post-7321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-mumbai","tag-shah-rukh-khan","tag-shah-rukh-khan-house-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shah Rukh Khan\u2019s Society Gets 155% Extra Space After Redevelopment<\/title>\n<meta name=\"description\" content=\"Shah Rukh Khan\u2019s society gets 155% more space after redevelopment. Wondering how much your society can gain? 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Wondering how much your society can gain? 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