Actor and producer Atul Agnihotri, Salman Khan’s brother-in-law, has set his foot into real estate development to redevelop 60-year-old
Palimala Co-operative Housing Society Limited an old building Bandra through his firm, Shivansai Homemaker Infra LLP.
Documents reveal that of the 11 members in the three-storey society, five flats are owned by the Agnihotri family and its company, Reel Life Production Pvt Ltd.
Atul is married to Alvira, Salman Khan’s sister. Atul is most-renowned for his debut film Sir released in 1993 and has also appeared in notable films such as Aatish: Feel the Fire and Krantiveer .
About the Bandra housing society deal
According to the documents shared by Liases Foras, the Palimala Cooperative Housing Society appointed Atul Agnihotri’s company to carry out the redevelopment through a tendering process conducted by the society.
Registration records show that Agnihotri’s firm paid a token amount of ₹11 lakh in November 2025. The documents also indicate that the company paid stamp duty of ₹1.08 crore for registering the transaction on December 5, 2025.
The documents show that a total of 11 members of the society own flats measuring a total of 8,565 sq ft of MOFA Carpet Area. Following redevelopment, they will receive 1,241 sq ft of RERA Carpet Area.
The document states that “the old structures are over 60 (sixty) years old and require repairs at an increasing frequency and costs, which the Members are reluctant to continue expending. The Society opined that , given the condition of the Old Structures, the Society should consider redevelopment of the Property so that the Members could obtain new and larger flats…”
The documents indicate that all members will receive a 45% additional area of
The documents show that the Aghnihotri family, which owns five apartments, currently occupy 4,092 sq ft of the MOFA Carpet area. Following redevelopment, the family will be entitled to 5,934 sq ft of RERA carpet area.
The developer will also provide hardship compensation of ₹4,500 per square foot to the members of the society, along with a one-time shifting charge of ₹1.75 lakh to each member, as per the documents.
The developer will also provide rental compensation of ₹1.50 lakh per month to the members for a duration of 36 to 42 months, which corresponds to the project’s duration. Additionally, the developer shall also pay ₹1.50 lakh in brokerage charges to each member that they may incur towards brokerage expenses amidst the temporary accommodation on rent, as per the documents.
News Edit KV Raman