Now Reading: Ajay Devgn leases Juhu bungalow for Rs 10.61 crore
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Ajay Devgn leases Juhu bungalow for Rs 10.61 crore
Bollywood actor Ajay Devgn and his mother Veena Devgn have leased out their 7,803 sq ft bungalow in Mumbai's Juhu for five years. The leave and licence agreement, registered in August 2026,…
The Story in Brief
Bollywood actor Ajay Devgn and his mother Veena Devgn have leased out their 7,803 sq ft bungalow in Mumbai's Juhu for five years. The leave and licence agreement, registered in August 2026, will fetch a total rental income of about Rs 10.61 crore. Monthly rent starts at Rs 16 lakh, with a 5 per cent annual escalation, rising to Rs 19.45 lakh in the fifth year. The lessee is Florian Hurel Salons Private Limited, according to property registration documents accessed by Square Yards and Zapkey.
The Indian Opinion
The Rs 10.61-crore lease on a Juhu bungalow is a snapshot of Mumbai's skewed realty market, where celebrity properties command premiums while affordable housing remains scarce. The narrative that this is just another star earnings story misses the point. The real test: will this deal push benchmark rentals higher in Juhu Road, or is it an outlier for a specific commercial lessee? Square Yards data shows 4 BHKs face extreme scarcity, yet 2 and 3 BHKs have no demand listed. Whose housing needs is the market actually serving?
Sources (2): economictimes.indiatimes.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
