Ajay Devgn Rents Out Office Space in Mumbai's Andheri for Rs 7 Lakh Monthly

The actor's office space in Signature Tower, located along Veera Desai Road in Oshiwara, has been leased for a 5-year term.

Ajay DevgnMumbai Real EstateAndheri Office SpaceSignature TowerLotus DevelopersReal Estate MumbaiSep 03, 2024

Ajay Devgn Rents Out Office Space in Mumbai's Andheri for Rs 7 Lakh Monthly
Real Estate Mumbai:Actor Ajay Devgn has leased out his commercial office space in Mumbai's Andheri area for a monthly rent of Rs 7 lakh. The 'leave and license' agreement, formalised this September, incurred a stamp duty of Rs 1.12 lakh.

The project is located along the Veera Desai Road in Oshiwara, one of the prime locations in Mumbai's Western Suburbs. The leased property spans 3,455 sq. ft. (~ 321 sq. m.) and includes three car parking spaces. The agreement, secured with a Rs. 30 lakh deposit, is for a 60-month (5 years) lease term.

Devgn's office, situated in Signature Tower, is developed by Lotus Developers. The actor, along with his wife, is known to own multiple properties within the same project. They are among several Bollywood celebrities, including Amitabh Bachchan, Sara Ali Khan, and Kartik Aaryan, who have also invested in commercial spaces in Signature Tower.

In June this year, Devgn leased an office space in Andheri West for a monthly rent of Rs 9 lakh for five years. The lease agreement was registered on May 31, 2024.

In April last year, the actor bought five office units in Mumbai's Andheri West for Rs 45.09 crore. This deal came two years after the actor paid Rs 47.5 crore for a home of 474.4 square metres at Juhu in Mumbai. The office units with a total area of 13,293 square feet are located within Signature Building, Oshiwara, along Veera Desai Road.

Lotus Developers is a well-known real estate company in Mumbai, known for developing several commercial and residential projects in the city. Signature Tower is one of their notable projects, located in the heart of Andheri.

Ajay Devgn is a renowned Bollywood actor, producer, and director, known for his versatile performances in films like 'Singham', 'Golmaal', and 'Drishyam'. He has been actively investing in real estate in Mumbai, with several properties in his portfolio.

Frequently Asked Questions

Where is Ajay Devgn's office space located?

Ajay Devgn's office space is located in Signature Tower, along Veera Desai Road in Oshiwara, Andheri, Mumbai.

How much is the monthly rent for Ajay Devgn's office space?

The monthly rent for Ajay Devgn's office space is Rs 7 lakh.

What is the lease term for Ajay Devgn's office space?

The lease term for Ajay Devgn's office space is 5 years (60 months).

Who is the developer of Signature Tower?

Signature Tower is developed by Lotus Developers.

What is the total area of the office units bought by Ajay Devgn in Andheri West?

The total area of the office units bought by Ajay Devgn in Andheri West is 13,293 square feet.

Related News Articles

Mumbai Coastal Road Leaks Spark Concerns
Real Estate Mumbai

Mumbai Coastal Road Leaks Spark Concerns

Maharashtra Chief Minister Eknath Shinde inspects leaks in Mumbai Coastal Road tunnel

May 29, 2024
Read Article
Pune Metro's Underground Service to Revolutionize City's Transportation
Real Estate Pune

Pune Metro's Underground Service to Revolutionize City's Transportation

Pune's infrastructure is set to receive a significant boost with the launch of Pune Metro's underground service, expected to start in September.

June 14, 2024
Read Article
SS Mobile's Big Freedom Sale Shatters Records with 50 Crore Sales and 30,000 New Customers
Real Estate Maharashtra

SS Mobile's Big Freedom Sale Shatters Records with 50 Crore Sales and 30,000 New Customers

Mumbai (Maharashtra): SS Mobile, India's 5th largest mobile retail company, achieves landmark success with Big Freedom Sale 1 Pe 4 Offer, recording 50 crore sales and welcoming 30,000 new customers.

August 24, 2024
Read Article
India's Luxury Housing Market Booms: A ₹279,000 Crore Surge
real estate news

India's Luxury Housing Market Booms: A ₹279,000 Crore Surge

India's luxury housing market is witnessing a significant surge, driven by affluent buyers who are increasingly seeking exclusivity and high-end living. Key cities like Mumbai, Delhi-NCR, and Bengaluru are leading this trend, with a substantial increase i

November 30, 2024
Read Article
I-T Department Can Seize Benami Assets Even Without Tracing Actual Owner: Authorities
Real Estate

I-T Department Can Seize Benami Assets Even Without Tracing Actual Owner: Authorities

New Delhi: The Income Tax (I-T) Department has the authority to attach assets under the anti-benami law, even if the actual owner of the property has not been identified.

January 14, 2025
Read Article
Are Indians Getting Richer or Poorer? Finfluencer Unpacks the Stark Reality
Real Estate

Are Indians Getting Richer or Poorer? Finfluencer Unpacks the Stark Reality

While India is set to become the world’s fourth-largest economy by GDP, surpassing Japan this year, nearly 800 million citizens still depend on free rations, household savings are at historic lows, and the rupee has depreciated to its weakest levels.

January 26, 2025
Read Article