Mumbai, June 2025:
Indian actor R. Madhavan and his wife Sarita have leased their high-end residential apartment in Mumbai’s Bandra Kurla Complex (BKC) for a monthly rent starting at Rs. 6.50 lakh, according to property registration records reviewed on the official IGR Maharashtra portal by Square Yards.
The luxurious apartment, located in the prestigious Signia Pearl building, spans 388.55 sq. m. (approximately 4,182 sq. ft.). The lease agreement, registered in June 2025, spans a 24-month term with a 16-month lock-in period. The rent increases by 5% in the second year to Rs. 6.83 lakh per month, resulting in a total estimated rental income of Rs. 1.60 crore over the full duration.
A security deposit of Rs. 39 lakh was paid, with stamp duty and registration charges amounting to Rs. 47,000 and Rs. 1,000 respectively.
R. Madhavan and Sarita had purchased this BKC property in July 2024 for Rs. 17.50 crore. Based on the rental agreement, the gross rental yield works out to 4.5% in the first year and approximately 4.7% in the second year.
Bandra Kurla Complex, primarily known as a premium commercial hub, has also seen a surge in upscale residential properties due to its excellent connectivity and thriving infrastructure. The leasing of a celebrity-owned flat further highlights the desirability and investment potential of luxury real estate in this micro-market.
R. Madhavan, celebrated for his roles in both Tamil and Hindi cinema, continues to remain active in the film industry post his directorial debut with Rocketry: The Nambi Effect.
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