India, June 23 -- Shree Amrit Society on Carter Road in Mumbai's Bandra, where Shah Rukh Khan owns a sea-facing terrace apartment, has appointed IPO-bound Sri Lotus Developers and Realty Limited for its redevelopment, multiple sources confirmed to HT.com.

Sources said that as part of the project, homeowners in the society will receive 155% more area post-redevelopment.

Sri Lotus Developers and Realty Limited, which received SEBI approval in May 2025 for a Rs.792 crore initial public offering (IPO), is backed by Shah Rukh Khan's family trust, Amitabh Bachchan, Hrithik Roshan, and investor Ashish Kacholia, according to the draft red herring prospectus (DRHP).

Khan purchased his apartment in the society shortly after his marriage to Gauri...