Renowned Bollywood actor Ajay Devgn has recently leased out his commercial office space in Mumbai’s bustling Andheri area for a monthly rent of Rs 7 lakhs to director Kabir Khan.
As per a transaction reviewed by Square Yards, the ‘Leave and License’ agreement, formalized this September, incurred a stamp duty of Rs 1.12 lakh. Devgn’s office is situated in Signature Tower and is developed by Lotus Developers.
The project is located along the Veera Desai Road in Oshiwara, one of the prime locations in Mumbai’s Western Suburbs. It offers seamless access to major highways, and metro stations, and is just a short distance from the international airport, making it a highly sought-after area for businesses looking for well-connected office spaces. The locality’s vibrant mix of retail, dining, and entertainment options further elevates its status as a business hub.
Square Yards reports that the leased property spans 3,455 sq. ft. (~ 321 sq. m.) and includes three car parking spaces. The agreement, secured with a Rs 30 lakh deposit, is for a 60-month (5-year) lease term. The actor, along with his wife, is known to own multiple properties within the same project. They are among several Bollywood celebrities, including Amitabh Bachchan, Sara Ali Khan, and Kartik Aaryan, who have also invested in commercial spaces in Signature Tower.
Meanwhile, Devgn leased an office space in Andheri West for a monthly rent of Rs 9 lakh for five years in June this year. The lease agreement was registered on May 31, 2024.
In April last year, the actor bought five office units in Mumbai’s Andheri West for Rs 45.09 crore. This deal came two years after the actor paid Rs 47.5 crore for a home of 474.4 square meters at Juhu in Mumbai. The office units with a total area of 13,293 square feet are located within Signature Building, Oshiwara, along Veera Desai Road.
Devgn has several projects lined up. He will be next seen in Singham Again, which is set to be released on Diwali 2024. Moreover, the actor has Singham Again, Raid 2, and De De Pyaar De 2 in the pipeline.
Ajay Devgn is one of India’s most successful and respected actors, boasting two National Film Awards and the prestigious Padma Shri. His performances in films like Singham, Drishyam, and Tanhaji have cemented his reputation as a powerhouse in Indian cinema. Recently, he has continued to capture audiences with standout roles in Bhuj and Maidaan.