Ajay Devgn rents out Mumbai’s Juhu bungalow for ₹16 lakh a month; to earn an estimated ₹10.61 crore over 5 years

Mumbai real estate deal: Bollywood actor Ajay Devgn and his mother, Veena Devgn, have leased out their 7,802.75 sq ft bungalow in Juhu for five years

Bollywood actor Ajay Devgn and his mother, Veena Devgn, have leased out their 7,802.75 sq ft bungalow in Mumbai’s Juhu for five years, with the total rent estimated at ₹10.61 crore, according to property registration documents accessed by Zapkey.

Bollywood actor Ajay Devgn has leased out his 7,802.75 sq ft bungalow in Mumbai’s Juhu for five years, with the total rent estimated at ₹10.61 crore, documents accessed by Zapkey showed.

The leave and licence agreement was registered on August 10, 2026. The bungalow, located at Kapole CHS Ltd, N S Road No. 11, JVPD Scheme, opposite Daftary Nursing Home in Juhu, Mumbai, has been leased to Florian Hurel Salons Private Limited.

The property has a built-up area of 724.90 sq m (7,802.75 sq ft). The monthly rent is ₹16 lakh in the first year, increasing by 5% annually. The rent will rise to ₹16.8 lakh in the second year, ₹17.64 lakh in the third year, ₹18.52 lakh in the fourth year and ₹19.45 lakh in the fifth year, the documents showed.

The agreement includes a security deposit of ₹48 lakh. The stamp duty paid on the transaction was ₹2.71 lakh, while the registration charges stood at ₹1,000, the lease and license documents showed.

Ajay Devgn, also known as Vishal Veery Devgn and Veena Devgn are listed as the lessors, with Mohnish Shashikant Dhavale acting through a power of attorney. Florian Hurel Salons Private Limited is the lessee, represented by its authorised signatory Zarir Furshostre Meherji.

The actor could not be reached for a comment.

In 2021, Ajay Devgn had taken a loan against the property. He had purchased the bungalow for ₹47.5 crore and had taken a loan of ₹18.75 crore, according to earlier media reports citing Zapkey.com. The bungalow was purchased on December 29, 2020, while the loan was taken on April 27, 2021, the documents showed.

The actor paid ₹2.37 crore in stamp duty on the transaction. The documents indicated that the property was transferred through a transfer deed rather than a sale deed.

All about Juhu’s real estate market

According to Square Yards, Juhu is one of Mumbai’s most prestigious residential neighbourhoods, known for its luxury homes, celebrity residences and premium lifestyle offerings. The coastal neighbourhood also offers strong connectivity to key business and commercial districts, along with established social infrastructure, retail, hospitality and entertainment options. Limited availability of premium land and sustained demand for high-end housing have kept property values elevated in the micro-market.

Ajay Devgn is an actor, filmmaker and producer who made his acting debut with Phool Aur Kaante in 1991. He has since appeared in films including Dilwale, Zakhm, Company, The Legend of Bhagat Singh, Omkara, Singham and Drishyam. He has received multiple honours, including two National Film Awards for Best Actor, and has also worked extensively as a filmmaker and producer.

Veena Devgn is a film producer and Ajay Devgn’s mother. She has been associated with Hindi film production, including the 1999 family drama Dil Kya Kare, which starred Ajay Devgn, Kajol and Mahima Chaudhry, according to Square Yards.