Kajol Leases Mumbai Property to HDFC Bank in High-Value Deal
Bollywood icon Kajol has grabbed attention with her latest real estate move—leasing a prime 1,817 sq ft commercial unit in Mumbai’s Bandra-Kurla Complex (BKC) to HDFC Bank. The deal highlights her savvy investments beyond films. Here’s a breakdown of the rental details, location, and what it means for Mumbai’s real estate market.
Property Location: Why Bandra-Kurla Complex?
The unit is in BKC, Mumbai’s premium business district known for:
– Housing top banks, MNCs, and luxury brands.
– High rental yields (₹200–₹300/sq ft).
– Proximity to airports and corporate hubs.
Its strategic location makes it ideal for HDFC Bank, likely for a new branch or premium client lounge.
Monthly Rent & Earnings Breakdown
- Total rent: ₹4.5 lakh/month
- Per sq ft rate: ₹247/month (aligned with BKC averages)
- Annual income: ₹54 lakh
This cements Kajol’s status as a smart investor, with commercial assets outperforming residential rentals in Mumbai’s key areas.
Kajol’s Expanding Real Estate Portfolio
The Devgn family owns multiple high-value properties, including:
– A Juhu luxury apartment (estimated ₹30+ crore).
– A Lonavala farmhouse (celebrity hotspot).
– Commercial holdings in Pune and Hyderabad.
This deal reinforces her focus on long-term, high-yield assets.
Mumbai’s Commercial Real Estate: Trends & Outlook
Post-pandemic, demand for Grade-A offices in BKC, Lower Parel, and Nariman Point has surged. Key takeaways:
– BKC remains a top choice for corporates and celebrities.
– Rents are stable despite economic fluctuations.
– Celebrities like Kajol are diversifying into commercial leases for passive income.
Conclusion
Kajol’s ₹4.5 lakh/month deal with HDFC Bank reflects Mumbai’s thriving commercial real estate scene. For investors, such properties offer steady returns and appreciation. Would you invest in BKC? Share your thoughts below!
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