Luxury Apartment Lease Archives - Square Feat India https://squarefeatindia.com/tag/luxury-apartment-lease/ Real Estate News Website Sat, 21 Jun 2025 06:13:22 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://squarefeatindia.com/wp-content/uploads/2019/12/squrefeatindia_favicon.png Luxury Apartment Lease Archives - Square Feat India https://squarefeatindia.com/tag/luxury-apartment-lease/ 32 32 R. Madhavan and Wife Sarita Lease BKC Apartment for Rs. 6.5 Lakh/Month, 2-Year Rental Deal Worth Rs. 1.60 Crore https://squarefeatindia.com/r-madhavan-and-wife-sarita-lease-bkc-apartment-for-rs-6-5-lakh-month-2-year-rental-deal-worth-rs-1-60-crore/ Sat, 21 Jun 2025 06:13:21 +0000 https://squarefeatindia.com/?p=9367 Actor R. Madhavan and wife Sarita have rented out their Rs. 17.50 crore luxury apartment in BKC’s Signia Pearl for Rs. 6.5 lakh/month, generating an estimated Rs. 1.60 crore over two years.

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]]> 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.

Also Read: Bollywood Singer Shaan Buys ₹10 Crore Bungalow in Pune

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]]> Consulate General of the People’s Republic of China Signs Lease Agreement for Apartment in Mumbai https://squarefeatindia.com/consulate-general-of-the-peoples-republic-of-china-signs-lease-agreement-for-apartment-in-mumbai/ Mon, 30 Dec 2024 11:16:19 +0000 https://squarefeatindia.com/?p=8414 In a significant move, the Consulate General of the People’s Republic of China has signed a lease agreement for a luxury apartment in Mumbai's Nariman Point. The 36-month deal, finalized on February 29, 2024, includes two car parking spaces and a rent escalation plan over the next three years. The agreement highlights the growing demand for premium real estate in Mumbai by international organizations.

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]]> In a significant move, the Consulate General of the People’s Republic of China has signed a lease agreement for a residential apartment in Mumbai. The deal, finalized on February 29, 2024, was signed by Deputy Consul General Wang Wei, representing the Consulate General of China, and the landlords, of the apartment.

Details of the Lease Agreement

The leased apartment is situated on the 4th Floor of the N.C.P.A. Apartments, Nariman Point, Mumbai. The agreement also includes two car parking spaces. The lease term is set for 36 months. The area of the apartment is 3475 sq ft

Financial Terms

The financial terms of the agreement include:

  • Security Deposit: ₹6,48,313/-
  • Advance Monthly Rent: ₹77,79,750/-
  • Annual Rent Escalation: The rent for the subsequent years will increase as follows:
    • Year 1: ₹6,48,313/-
    • Year 2: ₹6,64,520/-
    • Year 3: ₹6,81,133/-

The deal was finalized on February 29, 2024, a date that occurs once every four years, adding a unique touch to the agreement.

Also Read: Subhash Chandra has rented his bungalow to Chinese Consulate in Mumbai

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