Atul Agnihotri's Firm to Redevelop 60-Year-Old Bandra Society

Atul Agnihotri, a Bollywood actor and producer, who is also Salman Khan's brother-in-law, is getting into real estate.

His company, Shivansai Homemaker Infra LLP, will be redeveloping the Palimala Co-operative Housing Society Limited in Bandra, Mumbai. This building is 60 years old. These details come from property registration papers seen by Liases Foras.

The society building has three floors and 11 members. The Agnihotri family, along with their company, Reel Life Production Pvt Ltd, owns five of the flats.

Key Highlights

• Atul Agnihotri’s firm to redevelop 60-year-old Bandra housing society
• Residents to get 45% more space and compensation during construction
• Upgraded homes will include ACs, Italian marble floors, modular kitchens, and 4K TVs

Agnihotri's firm won the redevelopment project after a bidding process. A payment of Rs 11 lakh was made in November 2025, and Rs 1.08 crore was paid in stamp duty in December 2025.

The flats currently have a total area of 8,565 square feet (MOFA Carpet Area). They will be replaced with new ones, and residents will get an extra 45% of RERA Carpet Area.

The Agnihotri family's flats, which are now 4,092 square feet, will become 5,934 square feet. Residents will also receive Rs 4,500 per square foot as hardship money, Rs 1.75 lakh for moving expenses, Rs 1.50 lakh per month for rent for 36 to 42 months, and money back for brokerage fees.

Also Read: Sumadhura Group Expands Bengaluru Presence with 6 Luxury Projects

After the redevelopment, all members will have much nicer homes. These homes will have Italian marble floors, good quality bathroom fixtures, air conditioning in bedrooms and living rooms, 43-inch 4K LED TVs, modern kitchens, and appliances such as microwaves, refrigerators, and washing machines.

This redevelopment is part of a larger movement in Maharashtra to update older buildings. This allows residents to get bigger, better homes, and it lets developers sell any extra units. This also follows regulations and brings in money for the government.