SEBI Rents Luxurious 5-BHK Apartment in Prabhadevi for Chairman at ₹7 Lakh Per Month
The Securities and Exchange Board of India (SEBI) has leased a 5-BHK luxury apartment in Prabhadevi for its chairman at a monthly rent of ₹7 lakh. The fully furnished residence comes with four covered car parking slots.
SebiPrabhadeviLuxury ApartmentReal EstateMumbaiReal Estate NewsSep 16, 2025
According to property documents accessed via Zapkey, the flat measures around 3,000 sq. ft. carpet area and comes with four covered car parking slots. This high-end residence is situated in one of Mumbai's most prestigious neighborhoods, known for its premium real estate and prime location.
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 ₹42 lakh and an annual rent escalation of 5%.
The apartment has been leased fully furnished with all necessary fixtures, fittings, and equipment. As per the agreement, the residence will be used exclusively by SEBI’s chairman and his family, ensuring a comfortable and secure living environment.
Prabhadevi, a bustling locality in South Mumbai, is known for its vibrant culture, excellent connectivity, and high-end amenities. The area is a popular choice for high-profile individuals and executives due to its central location and proximity to key business districts.
This move by SEBI underscores the importance of providing a suitable and comfortable living space for its top leadership. The chairman, who plays a crucial role in overseeing the regulatory body, will now have a residence that matches the prestige and responsibility of the position.
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Frequently Asked Questions
What is the monthly rent for the apartment leased by SEBI?
The monthly rent for the 5-BHK luxury 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 in Prabhadevi, Mumbai.
Who are the owners of the apartment?
The owners of the apartment are Vijay Shrishrimal, Sanjay Shrishrimal, and Dhirendra Shrishrimal.
What is the duration of the lease agreement?
The lease agreement is for a duration of three years.
Is the apartment fully furnished?
Yes, the apartment is fully furnished with all necessary fixtures, fittings, and equipment.
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