The agreement was officially registered in February 2026.

Deal Structure and Rent Breakdown

The lease is structured with annual escalation — a common feature in premium rental agreements:

• Year 1: ₹1.95 lakh per month
• Year 2: ₹2.04 lakh per month (5% increase)
• Year 3: ₹2.14 lakh per month (another 5% increase)

Other transaction details include:

• Security deposit: ₹6 lakh
• Stamp duty: ₹18,900
• Registration charges: ₹1,000

The apartment has a carpet area of 92.5 sq m (996 sq ft) and a total area of 115.29 sq m (1,241 sq ft) and comes with two car parking spaces.

Inside the Property

The unit is located in Oberoi Exquisite, a premium residential project in Goregaon, one of Mumbai’s fastest-growing residential zones.

This micro-market has emerged as a preferred residential hub for professionals and public figures due to its mix of connectivity, infrastructure, and lifestyle amenities.

Why Goregaon Is Attracting High-Profile Residents

Goregaon’s rise as a residential destination is driven by its strategic location and strong infrastructure backbone. The suburb is well connected through major transport arteries such as the Western Express Highway, SV Road, suburban rail network, and metro connectivity.

Its proximity to business districts like Andheri, Malad, and Bandra Kurla Complex makes it particularly attractive to corporate professionals.

Commercial hubs nearby — including NESCO IT Park, Mindspace Malad, and Film City — further strengthen the area’s appeal as a live-work-play destination.

What This Deal Says About Mumbai’s Rental Market

Celebrity property transactions often reflect broader real estate trends. This lease highlights three key signals:

1. Premium rentals remain strong
A monthly rent nearing ₹2 lakh indicates sustained demand for upscale apartments in suburban luxury developments.

2. Structured escalation is back
Annual rent hikes of 5% suggest landlords are regaining pricing confidence.

3. Suburban luxury is outperforming city-core supply
With limited inventory in South Mumbai and rising prices, high-quality suburban projects are attracting both tenants and investors.

The Investment Logic Behind Celebrity Rentals

High-net-worth owners often prefer leasing premium properties instead of selling them because:

• steady rental income offsets holding costs
• asset values continue appreciating
• liquidity remains preserved

This strategy is increasingly visible among celebrities, entrepreneurs, and investors who treat luxury apartments as yield-generating assets.

About Sushmita Sen

Sushmita Sen made history as the first Indian woman to win the Miss Universe title in 1994 and later built a successful film and streaming career with projects such as Biwi No.1, Main Hoon Na, Aarya, and Taali. Beyond acting, she is widely admired for her independent life choices and for raising two daughters as a single mother.

Her mother, Subhra Sen, is a jewelry designer and entrepreneur who has played a significant role in supporting her journey.

Also Read: Actress Sushmita Sen’s Mother Subhra Sen Buys Two Luxury Apartments Worth ₹16.89 Crore in Mumbai’s Goregaon East

The post Sushmita Sen Rents Out Mumbai Apartment for ₹73.76 Lakh for 3 Years appeared first on Square Feat India.