<p>Superstar Rajesh Khanna's iconic sea-facing bungalow, Aashirwad, is being demolished by its new owner.<br /><br /></p>.<p>The bungalow stands on Carter Road in suburban Bandra and the demolition work is underway for the past two weeks now.<br /><br />After Khanna's death in 2012, his family sold off the bungalow for a reported sum of Rs 90 crore to Shashi Kiran Shetty, founder and chairman of AllCargo Logistics.<br /><br />Shetty has decided to build a new four-storey residence where he would stay with his family, sources said.<br /><br />Khanna, fondly called Kaka by his colleagues and fans, had bought the bungalow from another yesteryear Bollywood star, Rajendra Kumar, in the late 1960s.<br /><br />Before his demise, Khanna had reportedly said he wanted the bungalow to be converted into a museum. </p>
<p>Superstar Rajesh Khanna's iconic sea-facing bungalow, Aashirwad, is being demolished by its new owner.<br /><br /></p>.<p>The bungalow stands on Carter Road in suburban Bandra and the demolition work is underway for the past two weeks now.<br /><br />After Khanna's death in 2012, his family sold off the bungalow for a reported sum of Rs 90 crore to Shashi Kiran Shetty, founder and chairman of AllCargo Logistics.<br /><br />Shetty has decided to build a new four-storey residence where he would stay with his family, sources said.<br /><br />Khanna, fondly called Kaka by his colleagues and fans, had bought the bungalow from another yesteryear Bollywood star, Rajendra Kumar, in the late 1960s.<br /><br />Before his demise, Khanna had reportedly said he wanted the bungalow to be converted into a museum. </p>