Ajay Devgn, considered one of Bollywood’s most bankable stars, has taken a strategic step in actual property by leasing out a industrial workplace unit in Mumbai’s bustling Andheri West. In keeping with paperwork reviewed by Sq. Yards on the Maharashtra authorities’s IGR (Inspector Basic of Registration) portal, the actor has rented the workplace area for a five-year interval, set to earn roughly Rs. 3.3 crore over the length of the lease.
Ajay Devgn rents out Mumbai workplace area for Rs 3.3 Crore over 5 years
The rented property is situated in Signature by Lotus, a industrial constructing in Andheri West, a locality recognized for its glorious connectivity to enterprise hubs equivalent to BKC, SEEPZ, and Decrease Parel. The two,545 sq. ft. workplace has been leased to Bombay Design Centre Personal Restricted, with the rental settlement formally registered in Might 2025. As per the deal construction, the month-to-month lease is ready at Rs. 5.47 lakh for the primary three years, rising to Rs. 6.29 lakh for the remaining two years. The settlement additionally features a safety deposit of Rs. 16.42 lakh. Stamp obligation and registration costs amounted to Rs. 85,500 and Rs. 1,000 respectively.
Devgn had bought three adjoining workplace models in the identical constructing in April 2023, every measuring roughly 2,545 sq. ft., for a mixed worth of Rs. 30.35 crore—translating to roughly Rs. 10.12 crore per unit. The present rental settlement pertains to considered one of these models. Primarily based on Sq. Yards’ evaluation, the estimated rental yield on this unit stands at 6.5% for the preliminary three years, growing to about 7.5% over the past two.
Whereas Ajay Devgn is widely known for his intense display presence in movies like Singham, Drishyam, and Tanhaji, he additionally continues to construct a strong off-screen portfolio. With two Nationwide Awards and the Padma Shri to his identify, Devgn stays a powerhouse in each cinema and enterprise. His current movie Raid 2 has hit the screens, whereas Son of Sardaar 2 is at present beneath growth.
Additionally Learn: EXCLUSIVE: Right here’s why Salim Khan is thanked in Raid 2; Raj Kumar Gupta reveals how the legendary author’s suggestion reshaped Ajay Devgn-starrer’s EXPLOSIVE and clap-worthy finale
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