R Madhavan Leases ₹17.5 Crore Luxury Apartment in Mumbai's BKC for ₹6.5 Lakh Monthly Rent
Renowned actor R Madhavan and his wife, Sarita, have leased their luxury apartment in Mumbai's upscale Bandra Kurla Complex (BKC) for a monthly rent of ₹6.50 lakh, as per property registration documents accessed via Square Yards.
R MadhavanLuxury ApartmentBandra Kurla ComplexMumbai Real EstateBp ExplorationReal Estate MumbaiJun 20, 2025
The apartment has been rented for a period of two years to BP Exploration (Alpha) Limited, a British multinational oil and gas company formerly known as British Petroleum. The high-end residence, which spans 4,182 sq ft, is located in Signia Pearl, a premium residential tower in BKC. Over the two-year lease term, the total rental income will amount to ₹1.60 crore. Additionally, Madhavan has received a security deposit of ₹39 lakh.
The agreement was registered on June 11, 2025, and a stamp duty of ₹47,000 and registration fees of ₹1,000 were paid for the transaction. According to Square Yards, the lease tenure is two years, commencing in the first week of June 2025, with a lock-in period of 16 months. The monthly rent is set at ₹6.50 lakh for the first year and will escalate by 5% to approximately ₹6.83 lakh in the second year.
R Madhavan and his wife purchased the luxury apartment in July 2024 for ₹17.50 crore. Based on the agreed rental terms and acquisition cost, the gross rental yield stands at approximately 4.5% in the first year, increasing to around 4.7% in the second year of the lease.
R Madhavan could not be reached for comment. An email query sent to BP Exploration (Alpha) Limited did not receive a response. If a response is received, the story will be updated.
R Madhavan is an Indian actor and filmmaker known for his work predominantly in Tamil and Hindi cinema, with appearances in Telugu, Kannada, Malayalam, and English films as well. He established himself with successful Tamil films like Minnale (2001), Kannathil Muthamittal (2002), Anbe Sivam (2003), and Aaytha Ezhuthu (2004), while also making a mark in Hindi cinema with notable roles in Rang De Basanti (2006), Guru (2007), and the blockbuster 3 Idiots (2009).
BKC is the city’s central business district (CBD) and a prime hub for the BFSI sector and Fortune 500 companies. BKC is one of the costliest commercial districts in India, with office spaces for Jio, Apple, Netflix, Facebook, Amazon, the National Stock Exchange, Standard Chartered Bank, WeWork, CISCO, Pfizer, Spotify, and Blackstone. BKC also houses government institutions like the GST, the Reserve Bank of India, the Income Tax Department, and the Family Court. The US Consulate also has a sprawling campus inside BKC.
BKC is in the centre of the western and eastern parts of the financial capital and is connected to the Western Express Highway (WEH), Bandra-Worli Sea Link, international airport, Eastern Express Highway (EEH), and Eastern Freeway, among several other arterial roads.
Frequently Asked Questions
What is the monthly rent for R Madhavan's apartment in BKC?
The monthly rent for R Madhavan's apartment in BKC is ₹6.50 lakh.
Who is the tenant of R Madhavan's luxury apartment?
The tenant of R Madhavan's luxury apartment is BP Exploration (Alpha) Limited, a British multinational oil and gas company.
How long is the lease period for the apartment?
The lease period for the apartment is two years.
What is the total rental income over the two-year lease period?
The total rental income over the two-year lease period is ₹1.60 crore.
Where is the luxury apartment located?
The luxury apartment is located in Signia Pearl, a premium residential tower in Bandra Kurla Complex (BKC), Mumbai.
Related News Articles
Luxury Living Redefined: Mistry 9PBR Residential Project in Navi Mumbai
Mistry Construction is developing a luxury residential project, Mistry 9PBR, on Palm Beach Road in Nerul, Navi Mumbai, offering 3 BHK apartments with world-class amenities.
Unlocking Opportunities: Multiple Triggers Ahead for Affordable Housing Finance Companies
With the Union Budget around the corner, investor interest in Affordable Housing Finance Companies (AHFCs) is on the rise, driven by expectations of measures to boost the affordable housing market.
The Rise of Biometric Video Injection Attacks: A Growing Threat to KYC Systems
The increasing use of generative AI and open-source tools has made it easier for hackers to create deepfakes and voice clones, posing a significant threat to KYC systems and biometric verification processes.
Alternative Investment Funds: The Game-Changers in Indian Realty
AIFs are transforming India's real estate sector by injecting significant capital into residential, commercial, and logistics segments.
Bollywood Power Couple Leases Luxury Mumbai Apartment
A top Bollywood power couple has recently leased a luxurious apartment in Mumbai's prime locality, according to real estate firm Square Yards. The monthly rent for the upscale property is a whopping Rs 7 lakh. The apartment, located in one of Mumbai's mos
Buying Under-Construction Property: Tips for Verifying Developer Credibility
Before the Real Estate Regulatory Authority (RERA) was established, the market was often plagued by unscrupulous developers. Discover essential tips to ensure you invest in a credible under-construction property.