Mumbai’s premium real estate market continues to witness strong momentum, with celebrity investments and rental deals reinforcing its appeal. The latest development involves Bollywood actress Sara Ali Khan, who has reportedly leased out her bungalow in Andheri West, highlighting the growing attractiveness of high-value rental assets in the city.
According to property registration data accessed via CRE Matrix, the actress has entered into a lease agreement valued at approximately ₹4.14 crore over five years. The property, located in Belscot Co-operative Housing Society in Old Lokhandwala Complex, is part of one of Andheri West’s most established and sought-after residential micro-markets. The bungalow spans nearly 4,500 square feet, making it a sizable asset in a locality where independent homes are relatively limited compared to apartment developments.
The tenant for the property is Prodigy Montessori India Private Limited, which is expected to utilize the premises for school-related operations. This reflects a broader trend in Mumbai’s real estate landscape, where residential properties—especially independent houses—are increasingly being adapted for institutional or semi-commercial use due to space constraints and high demand.
The financial structure of the deal further underlines the premium nature of the asset. The monthly rent is set at ₹6.5 lakh for the first two years, followed by a 5% annual escalation. This takes the rent to approximately ₹6.82 lakh in the third year, ₹7.16 lakh in the fourth year, and ₹7.52 lakh in the fifth year. Additionally, the tenant has reportedly paid a security deposit of ₹20 lakh, and the agreement includes a 36-month lock-in period, ensuring income stability for the landlord.
This transaction comes at a time when Mumbai’s rental market is witnessing renewed demand from both individuals and organizations, driven by limited supply in prime areas and rising property values. Celebrities and high-net-worth individuals are increasingly leveraging their real estate holdings to generate consistent rental income, rather than relying solely on capital appreciation.
Overall, Sara Ali Khan’s leasing deal highlights how premium residential properties in key Mumbai locations are evolving into income-generating assets, reflecting the city’s dynamic and resilient real estate ecosystem.