India, Aug. 24 -- Mumbai-based listed developer Sri Lotus Developers and Realty Limited plans to launch a luxury project in the first half of FY 2027, as part of the redevelopment of Shree Amrit Society on Carter Road, Bandra, where Shah Rukh Khan owns a sea-facing apartment. The project is expected to generate a topline of Rs.1,500-2,000 crore, sources told HT.com.

"The project is expected to have a saleable area of 1.35 lakh sq ft. Once the site is vacated, construction will be completed in three to four years from thereon," said Anand Pandit, Chairman and Managing Director, Sri Lotus Developers and Realty Limited.

"The sale units will be a mix of 4 and 5 BHK's subject to finalisation of plans," Pandit said.

According to the company,...