Rohit Sharma Rents Out Lower Parel Apartment for Rs 2.6 Lakh/Month
Indian cricketer Rohit Sharma has leased his property in Mumbai's Lower Parel for Rs 2.60 lakh per month. The apartment, located in the Lodha Marquise – The Park, was originally purchased in 2013 for Rs 5.46 crore.
Rohit SharmaMumbai Real EstateLower ParelLodha MarquiseProperty InvestmentReal Estate MumbaiFeb 27, 2025
This news was announced by Square Yards on Thursday.
In a detailed statement, Square Yards mentioned that they have reviewed the property registration documents of Rohit Sharma.
The apartment in question is situated in the prestigious Lodha Marquise – The Park, a residential project developed by Macrotech Developers Ltd, commonly known as the Lodha Group.
The project is spread across 7 acres and offers a ready-to-move-in experience.
The specific apartment leased by Sharma boasts a carpet area of 1,298 sq ft (129.8 square metres) and includes two car parking spaces.
Rohit Sharma and his father, Gurunath Sharma, purchased this apartment in March 2013 for Rs 5.46 crore.
The current rental income of Rs 2.6 lakh per month reflects a 6 per cent rental yield, as per the information provided by Square Yards.
This is not the first property the Sharma family has leased in the Lodha Marquise – The Park.
Another apartment owned by them was given on rent in October 2024 for Rs 2.65 lakh per month.
The family’s investment strategy in prime real estate locations continues to yield positive returns, highlighting the financially astute decisions of the cricketer and his family.
Lodha Marquise – The Park is a well-known residential project in Mumbai, offering a range of amenities and a prime location.
The project has been well-received by both residents and investors, making it a desirable choice for high-profile individuals like Rohit Sharma.
The decision to lease the apartment is likely part of a broader strategy to manage and grow the family's assets, while also providing a steady income stream.
With the high demand for premium residential properties in Mumbai, the Sharma family’s decision to rent out their apartment is a smart move in the current real estate market.
For those interested in investments in Mumbai’s real estate, the success of the Sharma family’s leasing strategy provides valuable insights into the potential returns and the importance of choosing the right location and property.
Frequently Asked Questions
How much does Rohit Sharma's apartment rent for?
Rohit Sharma's apartment in Lower Parel, Mumbai, is leased for Rs 2.60 lakh per month.
Where is the apartment located?
The apartment is located in Lodha Marquise – The Park, a residential project developed by the Lodha Group in Lower Parel, Mumbai.
When was the apartment originally purchased?
The apartment was purchased by Rohit Sharma and his father in March 2013 for Rs 5.46 crore.
What is the rental yield of the property?
The rental yield of the property is 6 per cent, reflecting a monthly rent of Rs 2.6 lakh.
Does Rohit Sharma own any other properties in the same project?
Yes, Rohit Sharma and his father own another apartment in the same project, which was leased in October 2024 for Rs 2.65 lakh per month.
Related News Articles
What's Next for Real Estate? Expectations from the New Government
The real estate sector is hoping for a boost from the new government, with fine-tuning of RERA, industry status, and a relook at GST on under-construction homes topping the agenda.
Improving Response to Surveys from High-Income Groups: A Collaborative Effort
The Ministry of Statistics & Programme Implementation (MoSPI) recently organized a brainstorming session to improve response to surveys from high-income groups and gated societies.
Mahesh Jethmalani on Adani Case: No Allegation of Bribery in India
Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani has strongly criticized the indictment against the Adani Group in the United States, stating that there is no allegation of bribery in India and the case is speculative and lacks evidence.
Analysts Bullish on HUDCO, Anant Raj, and Other Top Stocks for 2023
Analysts are optimistic about the future performance of HUDCO, Anant Raj, and other key stocks in the real estate and manufacturing sectors. The target price for HUDCO is set at Rs 900 to Rs 950 per share, expected to be achieved within the next 12-18 mon
Vishal Garg Shuts Down and Lays Off Better.com's Real Estate Unit
Vishal Garg, the founder and CEO of Better.com, has announced the shutdown of the company's real estate unit, leading to significant layoffs. This decision comes amidst a challenging period for the mortgage industry.
Mumbai Real Estate Market Shows Signs of Stability and Growth
The Mumbai real estate market is entering a phase of stability, a positive sign for developers, investors, and homebuyers alike. According to Prashant Sharma, President of NAREDCO Maharashtra, the market is showing promising signs of recovery and growth.