Mannat: A peek into Shahrukh Khan’s house and its valuation


Shahrukh Khan’s 6-storey high, sea-facing house, Mannat, located at Bandra west in Mumbai, is a heritage building and a tourist spot

‘India is known for loving its stars’ could now as well be called a cliché. Like all clichés, it hasn’t stopped being true. As such, our Bollywood superstars and their lives are under constant scrutiny. At Housing.com, we scrutinise the life of these superstars too, in our own way! We wondered about the valuation of India’s most beloved superstar, Shahrukh Khan’s six-storeyed sprawling house. The answer might surprise you. King Khan has himself revealed that Mannat is his most expensive purchase, pegged at Rs 200 crores.

 

Shahrukh Khan house: Inside pics

Mannat – A Peek into King Khan’s Home, and its ValuationSource: http://bit.ly/262YNtN

The King of Bollywood – Shahrukh Khan’s 6-storey high, sea-facing marvel located at Bandstand in Bandra West is a heritage building and a tourist spot. Such is the fan following of Bollywood’s Baadshah that several hundred people visit the house everyday hoping to get a glimpse of their favorite Bollywood star. SRK’s home sweet home comes with lavishly decorated indoors and beautiful gardens on the front side.

While the mansion has neo-classical elements incorporated within itself, the interiors of the house are very modern and stylish, adorned with curios and objects of art from around the globe. The hind side of the house has an extended second wing which houses a posh lounge area for story sittings, a sprawling kitchen, along with a host of Mr. Khan’s offices and studios and an intricately equipped gym.

The multi-storeyed house, connected by a system of elevators, has two living rooms adorned with paintings by M.F Hussain, antiques and other art objects. Two of these floors contain the family’s living area. The house has an entire floor which serves as a playroom for his kids, a library, a private bar and an entertainment centre.

Here’s a sneak-peak inside the 5-bedroom home of Bollywood’s King Khan:

Recently, Mannat’s picture went viral, as Khan got the exteriors covered in plastic sheet during the monsoons. He apparently gets it done every year.

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🙃 #Mannat #ShahRukhKhan

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In March 2020, when the Coronavirus lockdown was announced, King Khan recorded a song from his home and posted it on social media networks. The song went viral, with over 7 million views, so far. The video was shot in his study, which has a beautiful abstract painting with hardwood furniture, an army of bobble-head toys and a family portrait. This seems like a perfect place to work and focus on future movie scripts.

 

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Here’s how a leisure day looks like for the Khans, in their billion-dollar mansion on a recliner sofa.

 

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There are multiple sitting areas in the home. The family room has a low table that the Khans use for spending some quality time together, when not shooting.

 

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Shahrukh Khan has an elegant dresser with makeup lights placed vertically, on both sides of the mirror. One can see beautiful portraits on the rear wall, which are supposedly of his parents.

 

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Shahrukh Khan has created a small enclosure on the terrace, from where he waves to his fans and greets them on special days, standing right outside Mannat.

 

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Here’s how the dining space looks like. The 12-seater table with hardwood chairs adds elegance to the space. There are multiple kitchens in the home. This one has brick tiles and a simple look.

 

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The grand study room of Shahrukh Khan’s house, where he keeps all his awards and spends most of his time, is visible in this video. The Filmfare trophies on the right, along with the several mementos are kept on the partition space behind the sofa. The floor-to-ceiling wooden panels add warmth to the entire room, which is also circular in design.

 

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Recently, Gauri Khan shared some pictures of the terrace that she renovated during the lockdown. With brown-paneled ceiling and similar wall décor, the makeover totally matches with the overall vibe of Mannat – majestic and yet, simple.

 

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For those who want a glimpse of SRK’s life, here is a trailer of his interview with David Letterman, where, for the first time ever, Khan shot some of the sequence inside his home. A beautiful and spacious kitchen, the grand sitting area and the driveway can be easily noticed.

Recently, King Khan uploaded a video on Instagram to wish his fans on new year. He was seen seated just beside a beautiful artifact of a Jaguar. Check out the video where he is as usual chatty and full of humour.

 

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While Suhana, Khan’s daughter is now studying in New York, USA, his son, Aryan Khan is back in the tinsel town and is often seen with his friends during their outing. The Junior Khan is very active on social media and often shares glimpses of his life on Instagram:

 

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The market value of Mannat

Mannat – A Peek into King Khan’s Home, and its ValuationSource: http://bit.ly/1nCWVzr

Originally called Villa Vienna, when Shahrukh Khan bought this 2,446 sq. metre (26, 328.52 sq. ft.) sea facing property in 2001 on a lease, he paid ₹13.32 crore and renamed it Mannat. Since then, the star has been paying a minimal rent of ₹2,325 a year, but when the Maharashtra government revised the land lease rates in Mumbai and its suburbs, the increased lease rent of ₹19 lakh a year, or a onetime occupancy fee of ₹8.3 crore (one-fifth of the plot’s Ready Reckoner value) for outright ownership of the same, was implemented.

From these facts, we estimated the Ready Reckoner value of this plot; i.e the official price of this piece of land to be ₹41.5 crores. Now, considering the stature of the King of Bollywood, you might think that this isn’t that big an amount. So, we decided to go ahead and calculate the current market value of Mannat, and well, we were nothing short of shocked.

To estimate the value of Mannat we set out to find the average value of residential land in the same locality. Although nothing as big as Mr. Khan’s property is available for sale in the market, we compensated by finding residential apartment prices as a base.

A regular apartment in Bandstand Bandra(West), where Mannat is located, is priced at around ₹43,000 per square foot on an average. When we take this as our base price Mannat’s 26,328.52 sq.ft would be priced approximately at a massive ₹ 113.21 crores. Now that’s a  standard celebrity price. Mind you, that’s just the approximate value. Its heritage status and its location in an upscale neighbourhood adds a certain amount of extra value to the house, approximately 15 per cent according to some sources. Now, add to that a 6 floor high exuberantly furnished house, gorgeous lawns spread out in front of the house and large french windows with a fantastic view of the sea and you’ll get a palatial mansion which is valued at approximately a jaw dropping ₹ 200 crores!

Mannat – A Peek into King Khan’s Home, and its Valuation

Fun Fact 1 – What’s the average size of an Indian house? According to National Sample Survey Organisation, it is 494 sq ft in rural areas, or 103 sq ft per person, and 504 sq ft in urban areas, or 117 sq ft per person. That would be 225 people in Mannat alone!

Fun Fact 2- Recently another Bollywood superstar Salman Khan revealed that Mannat could have been his bungalow but his father- Salim Khan did not approve of it since it was too big. He said, “Itne bade ghar me karoge kya?” The 53-year-old actor also said that he wants to ask the same question to Shah Rukh Khan,”Tu itne bade ghar mein karta kya hai?”

 

Lesser known facts about SRK’s Mannat

  • ‘Mannat’ is a 1920s-era, Grade III heritage villa, with modern Italian architecture and intricate neo-classical elements. It is often hailed as the perfect blend of vintage, modern and stylish interiors.
  • Not just swanky bedrooms, Mannat also has a boxing ring, a tennis court and a lavish pool.
  • SRK bought ‘Villa Vienna’, now renamed as ‘Mannat’ from the ‘Bai Khorshed Bhanu Sanjana Trust’ in 2001. Earlier, the actor named it ‘Jannat’ but later changed it to its current name after his career reached its peak.
  • The house adorns some of the most prized possessions that one could ever own. Some of these include a huge canvas of Subhash Awchat’s reclining clown, a life-sized marble Radha-Krishna sculpture, a pair of four-ft-tall black vases from Paris and a jade Ganapati.

 

Shahrukh Khan’s Delhi home: Inside pics

Recently, King Khan and his wife collaborated with Airbnb, a home rental service marketplace, and offered their Panchsheel Park home on their website. The duo gave a tour of their house which has been redesigned by Gauri Khan. Check out the pictures that Khan shared on his social media profile giving a glimpse of his beautiful home.

 

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Shahrukh Khan house address

Mannat, Land’s End, Bandstand, Bandra (West), Mumbai, Maharashtra – 400050, India

(With inputs from Surbhi Gupta)

 

FAQs

What is the cost of Shahrukh Khan’s Mannat?

According to media reports, Mannat is supposedly priced at Rs 200 crores.

Who is the real owner of Mannat?

Shahrukh Khan bought this home from Nariman K Dubash, a trustee of Bai Khorshed Bhanu Sanjana Trust.

What was the price of Mannat when SRK bought it?

Shahrukh Khan bought Mannat on lease for Rs 13.32 crores.

Is Mannat on lease?

Yes, Mannat is a leasehold property.

*The edited picture used as the header image for this blog post was sourced from here: http://bit.ly/1YnHVr8

(Other images courtesy Shahrukh and Gauri Khan’s social media accounts)

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