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Bollywood superstar Aamir Khan has made headlines yet again this time not for a film release, but for a major real estate move. The actor has reportedly leased four luxury apartments in Mumbai’s upscale Pali Hill area, shelling out a monthly rent of ₹24.5 lakh. The decision appears to be tied to the planned redevelopment of his current residence in the city.
Redevelopment Triggers Temporary Relocation
According to official property registration documents accessed by Zapkey.com, Aamir Khan has signed a lease agreement for four flats in Wilnomona Apartment, a posh residential building located on Nargis Dutt Road in Bandra's Pali Hill. The lease, signed in May 2025, is valid for five years, until May 2030, with a 45-month lock-in period.
Sources suggest the actor’s move is directly linked to the upcoming redevelopment of Virgo Cooperative Housing Society, where he owns around 12 flats. The redevelopment project is being handled by Atmosphere Realty, a joint venture of Wadhwa Group, MICL, and Chandak Group. Once completed, the project is expected to offer ultra-luxury sea-view homes, potentially priced at over ₹1 lakh per sq ft, with some units pegged to cross ₹100 crore.
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Neighbouring Shah Rukh Khan's Temporary Home
Interestingly, Aamir’s new residence is barely 750 metres from Puja Casa, where Shah Rukh Khan and his family are temporarily staying while their iconic bungalow Mannat undergoes renovation. This development adds yet another layer to the historic Bollywood neighborhood that Pali Hill is known to be.
The flats leased by Aamir Khan are owned by Wilfred Anthony Jose Pereira. Documents show that the transactions were registered on May 20, 2025. Over ₹4 lakh was paid in stamp duty and a registration fee of ₹2,000. A security deposit of approximately ₹1.46 crore was made, with an annual rent escalation of 5%.
The Pali Hill Prestige: Bollywood’s Residential Nucleus
Pali Hill in Bandra is one of Mumbai’s most sought-after and premium neighbourhoods, known for its lush green surroundings, colonial architecture, and a strong Bollywood presence. Real estate prices here typically range from ₹80,000 to ₹1.3 lakh per sq ft, putting it among the most expensive residential areas in India.
The area’s appeal to celebrities stems from its proximity to film studios in Andheri, Juhu, Versova, and Film City. Over the decades, it has become the residential hotspot for actors and filmmakers alike. Alongside Aamir Khan and Shah Rukh Khan, stars like Ranbir Kapoor, Alia Bhatt, Dilip Kumar, Sanjay Dutt, and Jackie Shroff have all called Pali Hill home at some point.
Also Read: Subhash Ghai Rents Out Mumbai Commercial Property for ₹3.38 Lakh Monthly
What This Move Signals
Aamir Khan’s decision to lease four upscale flats while his own society undergoes redevelopment signals a broader trend in Mumbai’s luxury real estate segment where redevelopment and temporary celebrity relocations are becoming more common. It also reflects the deep-rooted demand for high-end rental housing in locations like Bandra and Pali Hill, especially among high-net-worth individuals.
As developers push for luxury offerings and residents await their new ultra-luxe homes, temporary housing choices like Aamir’s offer a glimpse into how Mumbai’s elite navigate redevelopment transitions without compromising on comfort, privacy, or location.
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Ans 1. Aamir Khan leased the flats as temporary accommodation due to the redevelopment of Virgo Cooperative Housing Society, where he owns multiple properties. The redevelopment is expected to deliver ultra-luxury sea-view homes once completed.
Ans 2. The four flats are in Wilnomona Apartment on Nargis Dutt Road, Pali Hill an upscale area in Bandra, Mumbai. This location is known for its celebrity residents and lush surroundings.
Ans 3. Aamir is paying ₹24.5 lakh per month in rent, with a security deposit of ₹1.46 crore. The lease includes a 5% annual rent escalation and a 45-month lock-in period, as per documents registered in May 2025.
Ans 4. The flats are owned by Wilfred Anthony Jose Pereira. The lease was officially registered on May 20, 2025, with stamp duty of over ₹4 lakh and a registration fee of ₹2,000.
Ans 5. Aamir’s new rental is just 750 metres from Puja Casa, where Shah Rukh Khan and his family are staying during Mannat’s renovation. Both actors now temporarily reside in close proximity in Pali Hill.
Ans 6. This move reflects growing demand for premium rental options in high-end areas like Pali Hill during redevelopment. It highlights how celebrities prioritize comfort and location even during temporary relocations.