Slumdog Millionaire star Azharuddin Ismail has finally moved into his new home, after his shanty was demolished by Mumbai authorities.

Ismail, who played the role of young Salim in the Oscar-winning film, was left homeless after his shanty was demolished by officials for being illegal.

Director Danny Boyle came to his rescue by purchasing a brand new apartment in a Mumbai suburb for 42, 000 dollars through the Jai Ho Trust, a fund the movie''s producers set up to help care for the youngster and his co-star Rubina Ali.

Ismail has now moved into the modern apartment complex, and says he is excited about his new home.

He, however, admits that he has mixed feelings about leaving his old place behind.

'I like it here, it is really nice. But I will miss my old friends... Maybe I will go and visit them once in a while, ' Contactmusic quoted him as saying.

The 250 square foot ground floor flat is a short drive away from Juhu.

The Jai Ho Trust, named after the film''s award-winning track and set up by the producers, bought the Rs. 21 lakh home on Ismail's behalf and will give it to him when he turns 18.

'We really thank the organisation because of which we have got this home, ' said Ismail's sister Pinky Shaikh.

Meanwhile, the child actor's neighbors said they were happy to see a star shifting to their neighbourhood. 'We are feeling really good that a star has come to reside as our neighbour, ' said Kamini Patkar, a neighbour.