World · India Bureau
Rakesh Roshan leases Mumbai property for ₹5 lakh monthly rent
The veteran filmmaker has entered into a three-year rental agreement for his JVPD property with an annual escalation clause. The deal underscores continued demand for premium residential spaces in Mumbai's upscale localities.
LSN India ·
Veteran filmmaker Rakesh Roshan has leased out his property in the JVPD area of Mumbai for ₹5 lakh per month under a three-year agreement, according to property transaction records. The rental arrangement includes a 5 percent annual hike, reflecting market expectations for residential real estate in one of the city's most sought-after neighborhoods.
The deal highlights the sustained rental demand for high-value properties in Mumbai, where premium residential spaces command significant monthly rates. JVPD, located in the western suburbs, continues to attract tenants seeking well-appointed residences in established residential zones.
Roshan, who has maintained a significant real estate portfolio in Mumbai over the years, has been active in the property market. The rental agreement aligns with broader trends of property owners in major Indian metros leasing their holdings as alternative investment avenues alongside capital appreciation.
The three-year tenure with built-in annual increments provides both stability for the lessor and predictable cost escalation for the tenant, a structure increasingly common in long-term residential leases across metropolitan India.