Posted By Khushi Pal
Published Apr 21, 2024

Hindustan Times
Real Estate

Bollywood stars prefer rented apartments. Here's why

Imran Khan and his girlfriend Lekha Washington recently leased a flat in Mumbai’s Bandra for…

Bollywood actor Imran Khan and his girlfriend Lekha Washington recently leased a flat in Mumbai’s Bandra area from film producer Karan Johar at a monthly rent of ₹9 lakh for three years.

 The three-storey apartment is located in Clefepete on Carter Road, Bandra. The actor paid a security deposit of ₹27 lakh on the deal.

From Katrina Kaif to Kriti Sanon, all these Bollywood stars have taken homes on rent.

In October 2021, Madhuri Dixit rented an apartment for  ₹12.5 lakh per month for three years in Mumbai.

Vicky Kaushal and Katrina Kaif moved into a rented apartment located in Chandra Bai Nagar, Juhu, soon after their wedding in 2021. 

Kirti Sanon had taken a duplex on rent from Amitabh Bachchan for ₹10 lakh per month for which she had paid ₹60 lakh in deposit. 

Kartik Aaryan had also moved into a house owned by Shahid Kapoor for a rent of ₹7.5 lakh a month.

Why do Bollywood actors rent instead of buying an apartment?

Some Bollywood stars  prefer to rent because of specific individual choices such as a sea-facing view in a particular location. 

It may also be because the apartment of their choice is not available for sale. Due to their unstable incomes, some may not want to commit to a large outgo on property purchase.

Check out which actors have bought apartments to rent them out.

Bollywood actor Tiger Shroff recently bought a property for ₹7.5 crore in Pune and leased it immediately for ₹3.5 lakh per month, documents accessed by Zapkey had shown.

In 2023, Bollywood actor Ranbir Kapoor leased a residential unit located in Trump Towers in Pune for a monthly rent of around ₹4 lakh for three years, documents shared by Zapkey showed. 

In 2023, Salman Khan had leased a flat in Bandra West in Mumbai for a monthly rent of ₹1.5 lakh per month for three years. The tenant had paid a deposit of ₹4.5 lakh.