World · India Bureau
Shakti Kapoor, Shraddha Kapoor lease Mumbai apartment for ₹2.5 lakh monthly
The actors have leased their 1,050 sq ft flat in Piramal Mahalaxmi South Tower to a new tenant for a three-year period. The agreement entails a total rental value of approximately ₹94.6 lakh.
LSN India ·
Veteran actor Shakti Kapoor and his daughter, Bollywood star Shraddha Kapoor, have leased their residential property in Mumbai's upscale Mahalaxmi locality to tenant Akshat Khetan. The apartment, spanning 1,050 square feet and located in Piramal Mahalaxmi South Tower, will be rented for three years at a monthly rate of ₹2.5 lakh.
The lease agreement reflects the significant value of real estate in the Mahalaxmi neighbourhood, one of Mumbai's most sought-after residential zones. The total rental income from the agreement is valued at approximately ₹94.6 lakh over the three-year tenure.
The arrangement adds to the growing trend of prominent film personalities leveraging their real estate holdings for rental income. Piramal Mahalaxmi, a premium development project, has emerged as a preferred address for high-net-worth individuals and celebrities seeking contemporary living spaces in central Mumbai.