Kartik Aaryan's Luxurious Mumbai Apartment Rented Out for a Whopping Rs 4.5 Lakh per Month
Kartik Aaryan's upscale Mumbai apartment in Juhu area rented out for Rs 4.5 lakh per month, showcasing the continued strength of the real estate market.
Kartik AaryanMumbai Real EstateLuxury PropertyJuhuSquare YardsReal Estate MumbaiAug 29, 2024
The property, situated in Siddhi Vinayak Presidency Co-operative Housing, covers an area of 1,912 sq. ft. and boasts of two car parking spaces. According to a review by Square Yards, the transaction was officially registered with a stamp duty of Rs 42,500.
The rental yield on Aaryan's property stands at 3.1 per cent, which is a testament to the continued strength of the real estate market. This transaction is part of Aaryan's broader real estate portfolio, which includes another apartment in the same housing project purchased by his parents in July 2023 for Rs 16.5 crore.
Juhu, where the apartment is located, is a favorite among celebrities and is known for its scenic beachfront, vibrant atmosphere, and numerous luxury high-rises offering sea views. The locality's appeal is further enhanced by its proximity to high-end amenities, making it a sought-after address for celebrities, professionals, and businesspeople alike.
Earlier this year, renowned screenwriter, poet, and lyricist Javed Akhtar also purchased a property in Juhu, highlighting the area's enduring popularity among the elite.
On the work front, Kartik was last seen in 'Chandu Champion' and will next be seen in 'Bhool Bhulaiyaa 3' alongside Triptii Dimri and Vidya Balan. The movie is slated for release this Diwali.
About Square Yards
Square Yards is a leading real estate consulting firm that provides end-to-end solutions for property buyers, sellers, and investors. With a presence in over 10 countries, Square Yards has established itself as a trusted name in the real estate industry.
Square Yards is a technology-enabled real estate brokerage and mortgage marketplace that helps consumers search, transact, and manage their properties. The company has a strong presence in India, the Middle East, and Southeast Asia, and has facilitated over $1 billion in property transactions since its inception.
Frequently Asked Questions
How much did Kartik Aaryan rent out his Mumbai apartment for?
Kartik Aaryan rented out his Mumbai apartment for Rs 4.5 lakh per month.
Where is Kartik Aaryan's Mumbai apartment located?
Kartik Aaryan's Mumbai apartment is located in the upscale Juhu area.
How much did Kartik Aaryan purchase his Mumbai apartment for?
Kartik Aaryan purchased his Mumbai apartment for Rs 17.5 crore.
What is the area of Kartik Aaryan's Mumbai apartment?
Kartik Aaryan's Mumbai apartment covers an area of 1,912 sq. ft.
What is the rental yield on Kartik Aaryan's property?
The rental yield on Kartik Aaryan's property stands at 3.1 per cent.
Related News Articles
India's Tier-II Cities Emerge as New Real Estate Hubs
India's smaller cities are becoming vibrant centres of growth and opportunity in the real estate market
Budget 2024: Boosting Consumption and Growth in Key Sectors
The upcoming Union Budget 2024 is expected to benefit consumer goods, real estate, infrastructure, and automobiles, among other sectors, with increased spending and incentives.
Mumbai's Light Vehicle Toll Waiver to Boost Real Estate in Key Suburbs
This decision is expected to benefit over 600,000 vehicles that pass through Mumbai daily, with 80% being light motor vehicles like cars, vans, and small trucks. The toll waiver will make travel more convenient and affordable, enhancing the real estate ap
Real Estate Boom in Industrial & Logistics: Over 50% Demand Surge in Q3
Savills, a prominent global real estate advisory firm, reports a significant uptick in the industrial and logistics sector, with absorption reaching 17.5 million square feet, marking a 50% growth in the July-September quarter.
Blackstone Eyes Expansion in India's Credit and Infrastructure Sectors
Blackstone, a leading global investment firm, is set to expand its credit and infrastructure businesses in India, according to senior executives. This move is part of the firm's broader strategy to diversify its portfolio and tap into the growing opportun
Tier 2, 3 Cities Lead in Land Acquisitions, Lucknow and Jaipur Top the List
A recent report highlights that Tier 2 and 3 cities in India are witnessing a surge in land acquisitions, with Lucknow and Jaipur leading the way. The trend is driven by a combination of affordable real estate, growing urbanization, and increasing demand