SEBI Rents Luxurious 5-BHK Apartment in Prabhadevi for Chairman at ₹7 Lakh Monthly

The Securities and Exchange Board of India (SEBI) has rented a luxury apartment in Prabhadevi for its chairman at a monthly rent of Rs 7 lakh.

According to property documents accessed via Zapkey, SEBI has taken a 5-BHK apartment on the 51st floor of Tower A in Rustomjee Crown on Gokhale Road South. The flat, measuring around 3,000 sq. ft. carpet area, comes with four covered car parking slots.

The three-year leave-and-license agreement has been signed with owners Vijay Shrishrimal, Sanjay Shrishrimal, and Dhirendra Shrishrimal. The deal includes a security deposit of Rs 42 lakh and an annual rent escalation of 5%.

The apartment has been leased fully furnished with fixtures, fittings, and equipment. As per the agreement, the residence will be used by SEBI’s chairman and his family.

SEBI, the regulatory body for the securities market in India, is headquartered in Mumbai. The organization plays a crucial role in protecting the interests of investors, promoting fair practices, and ensuring the smooth functioning of the securities market. This luxurious accommodation for the chairman reflects the importance of providing a comfortable and secure environment for the leader of such a vital institution.

The choice of Prabhadevi, a prime location in Mumbai, highlights the strategic importance of the area. Prabhadevi is known for its well-connected infrastructure, proximity to key business districts, and high-end residential complexes. This makes it an ideal location for high-profile individuals and organizations.

The lease agreement is a testament to the growing demand for luxury real estate in Mumbai, especially in areas like Prabhadevi. The high rent and premium amenities offered by the Rustomjee Crown apartment reflect the premium value and exclusivity of the property.

For those interested in exploring property deals in Mumbai and surrounding regions, visiting websites like budgetproperties.in can provide valuable insights into both exclusive and budget-friendly options.

Overall, the leasing of this luxury apartment by SEBI underscores the organization's commitment to ensuring that its leadership has access to the best possible living conditions, thereby facilitating their ability to focus on the crucial tasks at hand.