Prime Location in Andheri West

The leased property is located in Signature by Lotus Developers, a popular commercial destination in Andheri West. Known for its strong connectivity via road, rail, and metro, Andheri West offers easy access to Chhatrapati Shivaji Maharaj International Airport, and is close to major business districts like Bandra Kurla Complex (BKC), SEEPZ, and Lower Parel. This strategic positioning has made the locality a preferred address for both commercial and residential buyers.

Lease Details

As per IGR documents reviewed by Square Yards, the office space has a built-up area of 5,500 sq. ft. (~510.96 sq. m.). Key details of the transaction are as follows:

The rental agreement spans four years, with a 5% annual escalation, taking the monthly rent to ₹17.36 lakh by the final year. Over the full lease period, Dharma Productions will pay approximately ₹7.75 crore in rent.

Celebrity Hotspot

Signature by Lotus has become a notable address for Bollywood celebrities. Recently, actor Kartik Aaryan, along with his mother, purchased an office space in the same building. Other prominent names such as Ajay Devgan and Kajol Devgan, Amitabh Bachchan, Sara Ali Khan, and Manoj Bajpayee also own properties here, underscoring the building’s premium positioning in Mumbai’s real estate market.

About Dharma Productions

Founded by Karan Johar, Dharma Productions is one of India’s leading film production and distribution companies. The banner has delivered several iconic hits including Kabhi Khushi Kabhie Gham, My Name Is Khan, and Ae Dil Hai Mushkil. It has launched successful Bollywood stars like Alia Bhatt, Varun Dhawan, and Sidharth Malhotra, and has recently produced films like Rocky Aur Rani Ki Prem Kahani and Brahmāstra: Part One – Shiva.

Also Read: Apoorva Mehta CEO Of Karan Johar’s Dharma Productions Buys Flat For Rs 24.60 Crore

The post 📰 Dharma Productions Leases Andheri West Office for ₹15 Lakh Monthly Rent appeared first on Square Feat India.

The property is located in Signature by Lotus, a commercial development in Andheri West, one of Mumbai’s most active real estate markets. With excellent connectivity via metro, road, and rail, and close proximity to the Chhatrapati Shivaji Maharaj International Airport, Andheri West continues to attract strong commercial and residential demand. Its strategic location near Bandra Kurla Complex (BKC), SEEPZ, and Lower Parel makes it a hub for businesses and professionals alike.

Transaction Details

This marks another big-ticket acquisition by a Bollywood celebrity in Mumbai’s commercial property market. The transaction further highlights the continued confidence of high-profile buyers in Andheri West’s real estate potential.

Kartik Aaryan, known for films like Pyaar Ka Punchnama, Sonu Ke Titu Ki Sweety, Bhool Bhulaiyaa 2, and Satyaprem Ki Katha, has steadily risen as one of Bollywood’s most bankable young stars. This purchase, made jointly with his parents, signals both personal investment and long-term trust in Mumbai’s commercial property market.

Also Read: Kartik Aaryan Buys Plot in HoABL’s Alibaug Project for ₹2 Crore

The post Kartik Aaryan Buys Rs. 13 Crore Office in Mumbai’s Andheri West With Parents appeared first on Square Feat India.

The leased space is located in Signature by Lotus, a premium commercial complex in Andheri West. The office unit, with a carpet area of 2,545 sq. ft., has been rented to Bombay Design Centre Private Limited. The rental agreement, registered in May 2025, outlines a lease term from May 2025 to April 2030, inclusive of an initial fit-out period.

The rent is fixed at ₹5.47 lakh per month for the first three years, rising to ₹6.29 lakh per month for the remaining two years. A security deposit of ₹16.42 lakh was also made, with stamp duty and registration charges totaling ₹86,500. Based on these terms, Ajay Devgn stands to earn approximately ₹3.33 crore over the five-year lease period.

Ajay Devgn had earlier acquired three adjacent office units in the same project in April 2023 for a total consideration of ₹30.35 crore, averaging around ₹10.12 crore per unit. The current rental deal pertains to one of these units, offering a rental yield of about 6.5% in the initial years, increasing to approximately 7.5% in the latter part of the lease — a healthy return in the current commercial real estate market.

Andheri West remains one of Mumbai’s most sought-after commercial and residential hubs, thanks to its proximity to the airport and major business zones such as Bandra Kurla Complex (BKC), SEEPZ, and Lower Parel. Its connectivity via road, metro, and suburban rail continues to attract businesses, startups, and creative firms.

Ajay Devgn, who holds the Padma Shri and two National Film Awards, is among the most successful actors in Indian cinema. Known for iconic roles in Singham, Drishyam, and Tanhaji, Devgn continues to maintain a strong screen presence with recent films like Bhuj and Maidaan. His latest film Raid 2 has been released, while Son of Sardaar 2 is currently in development.

Also Read: Ajay Devgan’s New Bungalow Didn’t Cost Rs 60 Crore

The post Ajay Devgn Leases Office Space in Mumbai, Set to Earn Over ₹3.3 Crore in 5 Years appeared first on Square Feat India.