Ajay Devgn rents out Mumbai’s Juhu bungalow for ₹16 lakh a month; to earn an estimated ₹10.61 crore over 5 years
Here's the latest box office buzz making the rounds:
Bollywood star 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 rupees, according to property registration documents accessed by Zapkey.
Adding to this, Bollywood star 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 rupees, 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.
Meanwhile, 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.
Notably, 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.
As per the latest buzz, 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.
In further updates, In 2021, Ajay Devgn had taken a loan against the property. He had purchased the bungalow for ₹ 47.5 crore rupees and had taken a loan of ₹ 18.75 crore rupees, 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.
On top of that, The star paid ₹ 2.37 crore rupees in stamp duty on the transaction. The documents indicated that the property was transferred through a transfer deed rather than a sale deed.
According to Square Yards, Juhu is one of Mumbai’s most prestigious residential neighbourhoods, known for its luxury homes , star 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.
Source: Hindustan Times