Bollywood actor Ajay Devgn has leased an office space in Mumbai’s Andheri area for a hefty sum of Rs 7 lakh per month. The leased property is located on Veera Desai Road, a prime locality in Andheri West. The lease agreement was officially registered on September 2, and a stamp duty of Rs 1.12 lakh was paid, as per documents accessed by Square Yards.
Details of the Lease Agreement
The office space spans 3,455 square feet and is located in Signature Tower, a commercial property developed by Lotus Developers. The space has been leased by Kabir Khan Entertainment LLP, a prominent production house. The leave and license agreement specifies that the lease will run for a duration of five years. Along with the office space, three car parking spots have been provided, and a security deposit of Rs 30 lakh has been made.
Ajay Devgn, who is also known for his real estate investments, owns several other properties along with his wife, actress Kajol, in the same project, according to Square Yards.
Celebrities Investing in Andheri’s Commercial Space
Ajay Devgn is not the only celebrity making investments in Mumbai’s commercial real estate market. Other big names such as Kartik Aaryan, Amitabh Bachchan, and Sara Ali Khan have also leased or purchased commercial properties in this area. Andheri’s strategic location and proximity to upscale residential neighborhoods like Lokhandwala, Versova, and DN Nagar have attracted many high-profile clients to invest in the area.
Additionally, the region is known for its retail spaces, food and beverage destinations, and office hubs, making it a prime location for commercial real estate. The rental prices for office spaces here continue to rise as demand for premium office locations grows.
Conclusion
Ajay Devgn’s decision to lease out his office space in the highly sought-after area of Andheri demonstrates the growing trend of celebrities capitalizing on Mumbai’s thriving commercial real estate market. With a monthly rental income of Rs 7 lakh, Devgn joins the list of prominent actors tapping into the lucrative office space business in Mumbai.
