Sara Ali Khan Leases Luxury Andheri Bungalow to Montessori School for ₹6.5 Lakh per Month
Bollywood actress Sara Ali Khan has leased out a premium bungalow in Mumbai’s Andheri West to an educational institution in a structured five-year deal, according to property registration documents accessed by CRE Matrix. The property—Bungalow No. 5 in Belscot Co-operative Housing Society, Old Lokhandwala Complex—has been rented to Prodigy Montessori India Private Limited for a starting monthly rent of ₹6.5 lakh, translating to ₹144.44 per sq ft for a total area of 4,500 sq ft.
The leave-and-license agreement was registered on March 27, 2026. The lease spans 60 months (5 years) with a 36-month lock-in period, starting May 1, 2026. The rent follows a step-up structure:
- Year 1–2: ₹6.5 lakh/month - Year 3: ₹6.82 lakh/month - Year 4: ₹7.16 lakh/month - Year 5: ₹7.52 lakh/month
From the third year onwards, the rent increases by 5% annually, taking the total rental outgo over the tenure to approximately ₹4.14 crore. The tenant has also paid a security deposit of ₹20 lakh, as per the agreement.
The lease agreement specifies that the property will be used exclusively for school-related activities, marking a growing trend of residential-to-institutional conversions in Mumbai’s premium neighbourhoods. However, the agreement places strict operational conditions:
- No cars, buses, or vans are allowed inside the society premises - Student pick-up and drop-off must happen outside the complex - The tenant must comply with all society rules and municipal regulations
Located in the well-established Old Lokhandwala Complex in Andheri West, the property sits in one of Mumbai’s most sought-after residential and commercial micro-markets. The area offers:
- Strong connectivity to JVPD, Versova, and Link Road - Proximity to production houses, offices, and education hubs - A mix of bungalows, high-rises, and commercial spaces
This strategic location not only enhances the value of the property but also ensures easy access for students and teachers. The deal reflects the increasing demand for premium educational facilities in Mumbai’s bustling western suburbs, where the blend of residential and commercial environments provides a conducive atmosphere for learning and growth.
