R Madhavan Rents Out 4,000 Sqft BKC Apartment for ₹1.60 Crore Over Two Years
Actor R. Madhavan has leased his 4,000 sqft flat in Mumbai's Bandra Kurla Complex (BKC) for a total of ₹1.60 crore over a two-year period, according to documents reviewed by a real estate tracker.
R MadhavanBandra Kurla ComplexMumbaiReal EstateRental AgreementReal Estate MumbaiJun 20, 2025
According to a report by Square Yards, the co-owned residential apartment of the actor and his wife in BKC has been rented out. Documents reviewed by the real estate tracker on the website of the Inspector General of Registration (IGR) show that the leave and licence agreement was officially registered in June 2025.
At the beginning, the tenants who have received this flat will pay a monthly rent of ₹6.50 lakh to R Madhavan. The lease tenure spans 24 months (two years), starting from the first week of June 2025, with a lock-in period of 16 months. While the monthly rent starts at ₹6.50 lakh per month in the beginning, the rent will be increased by 5 per cent to approximately ₹6.83 lakh in the second year.
The cumulative rent collected over these 16 months is expected to be around ₹1.60 crore, according to Square Yards. The rental agreement further includes a security deposit of ₹39 lakh and was registered with a stamp duty of ₹47,000 and registration charges of ₹1,000.
Based on the agreed rental terms and acquisition cost, the gross rental yield stands at approximately 4.5 per cent for the first year, rising to around 4.7 per cent in the second year of the lease.
As per the registration documents of R Madhavan's property, the actor and his wife's flat is located in Signia Pearl, Bandra Kurla Complex. The size of the flat in the prime location is 388.55 square metres or about 4,182 sqft, as per Square Yards. The actor bought the flat in July last year for a total amount of ₹17.50 crore.
Bandra Kurla Complex (BKC) is a planned commercial hub in Mumbai, developed to ease congestion in traditional business districts. It hosts a concentration of financial institutions, multinational companies, and consulates, making it one of the city’s most sought-after office markets. While primarily commercial, the surrounding areas have seen high-end residential development driven by proximity and infrastructure. Strong connectivity and consistent demand continue to keep property values elevated across segments.
Frequently Asked Questions
What is the monthly rent for R Madhavan's flat in BKC?
The monthly rent for R Madhavan's flat in BKC starts at ₹6.50 lakh and increases to approximately ₹6.83 lakh in the second year.
How long is the lease tenure for R Madhavan's flat?
The lease tenure for R Madhavan's flat is 24 months (two years), with a lock-in period of 16 months.
Where is R Madhavan's flat located in BKC?
R Madhavan's flat is located in Signia Pearl, Bandra Kurla Complex (BKC).
How much did R Madhavan pay for the flat?
R Madhavan bought the flat in July last year for a total amount of ₹17.50 crore.
What is the gross rental yield for the first year of the lease?
The gross rental yield for the first year of the lease stands at approximately 4.5 per cent.
Related News Articles
Pune's Luxury Real Estate Market Soars with Record-Breaking Penthouse Sale
Lodha One Bund Garden's Emperor Palace penthouse sells for INR 37cr, setting a new benchmark for luxury living in Pune.
India's Warehousing and Logistics Boom Fuels Real Estate Growth
The growth of India's warehousing and logistics sector is driving real estate growth, with developers building huge warehouses for leasing and fleet services to ensure last-mile connection
Property Share Becomes First to Receive SM REIT Licence from SEBI
Property Share, a technology-enabled commercial real estate investment platform, has received the first small and medium real estate investment trust (SM REIT) licence from SEBI.
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.
The Great Return: How Office Mandates Are Fueling Housing Price Hikes in These 10 Cities
As companies call employees back to the office, housing prices are rising in cities with limited inventory. The Federal Reserve's interest rate cut is expected to lower mortgage rates, increasing purchasing power for homebuyers.
What's Next for Mumbai's Real Estate Sector After BJP's Maharashtra Win?
Experts suggest focusing on commercial real estate in Mumbai and Pune, which offer robust opportunities for investors. Affordable housing and infrastructure challenges remain key areas for the new government to address.