Kajol Devgan Leases Out Mumbai Retail Unit for ₹8.6 Crore
NEW DELHI: Kajol Devgan, the renowned Bollywood actress, has leased out a retail unit located in Bharat Arize, Goregaon West, Mumbai, for a monthly rent starting at ₹6.9 lakh. The retail unit, which has a carpet area of 1,817 sq ft (approximately 168 sq meters) and includes one car parking, has been rented out under a well-structured lease agreement.
The deal incurred a stamp duty payment of ₹5.61 lakh and registration charges of ₹30,000. According to the Inspector General of Registration (IGR) property registration documents reviewed by Square Yards, the transaction includes a security deposit of ₹27.61 lakh. The lease agreement was officially registered in November 2025.
Square Yards' analysis reveals that the rental agreement spans nine years, starting from November 2025. The monthly rent is set at ₹6.9 lakh for the first three years, with a 15% escalation after every successive period of three years. This means the rent will increase to ₹7.9 lakh for the next three years and to ₹9.13 lakh in the final three years of the term. Based on this structure, the total rent acquired during the lease tenure amounts to ₹8.6 crore.
As per the documents, Kajol Devgan purchased this retail unit in March 2025 for ₹28.78 crore. The strategic location of the unit in Bharat Arize, a prominent commercial area in Goregaon West, makes it an attractive investment for retail businesses looking to establish a presence in Mumbai's bustling market.
This lease deal underscores the robust retail market in Mumbai, which continues to attract significant investments from both individuals and corporate entities. The high footfall and commercial activity in areas like Goregaon West make them prime locations for retail properties, ensuring a steady stream of revenue for property owners like Kajol Devgan.
The increasing trend of leasing out retail units in prime locations reflects the confidence of investors in the retail sector's growth potential. With the retail market expected to expand further in the coming years, such investments are likely to yield substantial returns over the long term.
In conclusion, Kajol Devgan's decision to lease out her retail unit in Bharat Arize, Goregaon West, is a strategic move that leverages the high demand and growth potential of the Mumbai retail market. The structured lease agreement ensures a steady and escalating income stream, making it a wise investment choice.
