Masala.com has reliably learnt that Shah Rukh Khan has become a property developer.
His first project, in association with TSA International Investments, will be a cluster of signature buildings on Al Dana Island in Ras Al Khaimah, one of the UAE's seven emirates. The development is called Shah Rukh Khan Boulevard.
Our inquiries have revealed that the superstar, who has been lying low since that July 17 tiff with Salman Khan, will be in Dubai to announce the project at the real estate expo City Scape, to be held from October 6 to 9.
He has reportedly been keenly involved in the conceptualisation of the project that has been designed by celebrity architect Tony Ashai.
Buyers have been invited to offer refundable 'expression of interest' cheques for the proposed studio, one and two bedroom apartments, but sales will begin only after the official launch by Shah Rukh on October 20 - just a few days before his much awaited Temptation Reloaded show in Dubai.
Till now several Bollywood actors have endorsed real estate projects in the UAE, but this is the first time a star is developing a property himself.
Prior to becoming a "business partner" in this venture, Shah Rukh himself has been associated with Nakheel and has even been gifted a house on the Palm Jumeirah.
For daily celebrity news updates sign up for our newsletter www.masala.com/newsletter
Also in Bollywood News
- The actress says she couldn't bear the negativity of fellow contestants
- SRK danced to all his hit numbers till wee hours of the morning
- Reports suggest that Sussanne Khan and Arjun Rampal went on a holiday
- Saachi Kumar and Bilal Amrohi tied the knot without much hullaballoo