Ajay Devgn leases office space for ₹7 lakh per month in Andheri West

Ajay Devgn leased his Andheri West office for ₹7 lakh/month, with a 5-year lease and ₹30 lakh deposit. He owns multiple units in Signature Tower.

Updated on: Sep 4, 2024, 07:06:01 IST

By Ateeq Shaikh

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Mumbai: Bollywood actor Ajay Devgn recently leased out his commercial office space in Andheri West for a monthly rent of ₹7 lakh, as per a transaction details available by Square Yards.

The leave and license agreement was formalised earlier month and a stamp duty of ₹1.12 lakh was paid towards the lease period of 5 years. The actor received a security deposit of ₹30 lakh. The office space, in Signature Tower on Veera Desai road, measures 3,455 sq. ft. and includes three car parking spaces. Among several Bollywood celebrities who own office space in Signature Tower includes Amitabh Bachchan, Sara Ali Khan and Kartik Aaryan.

The actor has more holdings in the same project. Earlier in June, he had leased out another commercial space measuring 4,209 sq. ft in the same building for ₹9 lakh a month rent. The actor had bought five office units in April 2023 for ₹45.09 crore.

ABOUT THE AUTHOR
Ateeq Shaikh
Ateeq Shaikh is a Senior Assistant Editor tracking real estate and infrastructure. With over two decades in journalism, he has reported extensively on topics such as metro rail, infrastructure projects, redevelopment in Mumbai, affordable housing, real estate, environmental issues and public transportation. His data driven stories explain the impact of public policy and large scale infrastructure projects on citizens' lives. His recent detailed report on the government's fireside sale of several real estate parcels in Mumbai or nearly one-fifth of habitable Mumbai triggered a signature campaign by activists and the civil society. This plan also faced pushback from people impacted by the government's decision, which he also reported on. Ateeq was instrumental in getting Mumbai Metro One Private Limited, a Public - Partnership (PPP) project, recognised under the Right to Information Act, the first PPP in India under the transparency law. His consistent campaign on technical issues plaguing the Mumbai Monorail, India's only such transportation system, forced authorities to publicly acknowledge the problems and work towards a permanent fix. Despite multiple attempts by the authorities, the system continues to be a white elephant in Mumbai.Read More