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
India's Rise to Realty Prominence: A Billion-Dollar Boom
India is accelerating to become the real estate capital of Asia, with a total valuation of Rs 14.2 trillion among the top 100 realty companies.
Maharashtra Cabinet Renames Pune Airport After Sant Tukaram Maharaj
The Maharashtra Cabinet has approved a proposal to rename Pune airport after the 17th-century Warkari saint and poet, Sant Tukaram Maharaj.
The Downfall of Real Estate Moguls: Alexander Brothers Arrested in Miami
In a shocking turn of events, the renowned real estate moguls, the Alexander Brothers, were recently arrested in Miami. This news has sent ripples through the business community, leaving many to wonder what led to their downfall.
Luxury Homes, Toxic Air: The Urban Pollution Paradox in India
Nithin Kamath, a prominent real estate analyst, highlights the growing concern of urban pollution in major Indian cities like Delhi, Mumbai, and Bengaluru. Despite seeing a surge in luxury real estate, these cities struggle with alarming levels of air pol
Tragic Incident: Two Workers Killed, One Injured as Slab Collapses in Chikhla Mines
A devastating slab collapse in the Chikhla mines of Manganese Ore (India) has resulted in the death of two workers and left one injured. The incident has raised serious concerns about safety protocols in the mining industry.
Women Home Buyers Witness 14% Surge in 2024: Report
A recent report by Square Yards, titled 'Key Holders of Change - Women Driving Real Estate Growth and Transformation,' reveals a significant 14% increase in women homebuyers in 2024.