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
Cricketer Yuvraj Singh Takes Developer to Task Over Privacy Rights and Apartment Delay
Cricketer Yuvraj Singh has invoked arbitration against a developer over alleged violation of his privacy rights and failure to deliver an apartment in a real estate project in the national capital.
Punjab Launches Camp to Facilitate Real Estate Certificates
In a significant move to streamline the real estate sector, Punjab's Housing and Urban Development Department organized a special camp to provide clearance certificates to 51 real estate developers.
Lavasa Corp Receives Initial Bids for Resolution Plan: A Detailed Overview
Lavasa Corp, the ambitious hill-city project in Maharashtra, has finally started receiving initial bids for its resolution plan. This move comes as a significant development in the long-drawn legal battle and financial distress surrounding the project. Th
Real Estate Regulatory Authority (RERA) Updates: November 18-24, 2024
Recent decisions by various state RERA authorities highlight the ongoing efforts to protect homebuyers' rights and ensure compliance by developers. This week, notable actions include refunds, penalties, and settlements in Haryana, Telangana, West Bengal,
Safeguarding Homebuyers: Legal Protections in the Indian Real Estate Market
The Real Estate (Regulation and Development) Act, 2016, has revolutionized the Indian real estate sector by introducing stringent regulations and a dedicated portal for document verification within Mumbai’s jurisdiction.
Mumbai's Chhatrapati Shivaji Maharaj International Airport Set for Major Redevelopment of Terminal 1
Mumbai (Maharashtra): Mumbai's Chhatrapati Shivaji Maharaj International Airport is set for a significant transformation with the redevelopment of Terminal 1. This ambitious project aims to redefine the passenger experience and set new standards in sustai