Bollywood superstar Shah Rukh Khan is set to receive a refund of ₹9 crore from the Maharashtra government after an error in calculating the conversion fee for his iconic sea-facing bungalow, Mannat, came to light.
In 2019, Shah Rukh Khan and his wife, Gauri Khan, converted the lease of their luxurious Mumbai residence, Mannat, into “Class 1 full ownership.” During this process, the couple paid a premium of approximately ₹27.50 crore, as mandated by state policy, which required them to remit 25% of the property’s ready reckoner value.
However, a subsequent review revealed that the conversion fee was miscalculated. The government based the fee on the value of the bungalow rather than the land it occupies, leading to an overpayment.
Suburban collector Satish Bagal confirmed the error and noted that the Khans filed a refund request with the revenue authorities after the discrepancy was identified. The government approved the request earlier this week, with the refund amount totaling ₹9 crore.
Although Shah Rukh Khan reportedly paid over ₹25 crore for the ownership conversion, officials have yet to verify the exact premium amount.
Mannat, Shah Rukh Khan’s opulent Mumbai residence, spans over 2,446 square meters and is a symbol of the actor’s legacy. The property, which has historical and cultural significance, was leased by Shah Rukh and Gauri Khan in 2001 under a formal agreement.
In compliance with state regulations, the Khans made the payment in 2019 to transition the bungalow’s leasehold status to complete ownership. However, the error in calculating the fee led to the overpayment, which will now be reimbursed.
The refund reflects the correction of a government oversight in a high-profile case, highlighting the importance of accurate fee assessments during property transactions. For Shah Rukh Khan, Mannat remains not just a residence but a cherished symbol of his journey and success.
This development underscores the significance of transparency in administrative procedures, particularly in matters involving high-value properties.