SEBI Rents Luxurious 5-BHK Apartment in Prabhadevi for Chairman
The Securities and Exchange Board of India (SEBI) has leased a 5-BHK luxury apartment in Prabhadevi, Mumbai, for its chairman at a rent of ₹7 lakh per month. The fully furnished residence, located on the 51st floor of Rustomjee Crown, includes four covered car parking slots.
SebiPrabhadeviLuxury ApartmentMumbai Real EstateRustomjee CrownReal EstateSep 16, 2025
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. This prime location in Prabhadevi is known for its upscale amenities and proximity to key business and recreational areas in Mumbai.
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%. This structured agreement ensures both parties have clear terms and conditions, fostering a stable and mutually beneficial arrangement.
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. This comprehensive setup ensures that the chairman and his family have a comfortable and well-equipped living space, reflecting the high standards of SEBI.
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Prabhadevi, known for its vibrant community and excellent connectivity, is a highly sought-after area for both residential and commercial properties. The decision by SEBI to lease a luxury apartment in this area highlights the neighborhood's appeal and the board's commitment to providing a high standard of living for its top officials.
Frequently Asked Questions
What is the monthly rent for the SEBI chairman's apartment?
The monthly rent for the SEBI chairman's apartment in Prabhadevi is ₹7 lakh.
Where is the apartment located?
The apartment is located on the 51st floor of Tower A in Rustomjee Crown on Gokhale Road South, Prabhadevi, Mumbai.
How long is the lease agreement?
The lease agreement is for three years.
What is the security deposit for the apartment?
The security deposit for the apartment is ₹42 lakh.
Is the apartment fully furnished?
Yes, the apartment is fully furnished with fixtures, fittings, and equipment.
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