Real estate seems to have become a new-found love for Bollywood. According to prop-tech platform Square Yards, renowned Bollywood actor Deepika Padukone, along with her husband Ranveer Singh, have recently leased an apartment in Mumbai’s upscale Beau Monde Towers Co-operative Housing Society Ltd, for a monthly rent of ₹7 lakh.
Square Yards, claims to have accessed the lease documents and shared that the project is located in Prabhadevi, a locality in Mumbai which provides seamless connectivity to both the Western and Central suburbs, as well as key roadways such as the Western Express Highway and the Worli-Bandra Sea Link.
The area is renowned for housing the iconic Siddhivinayak Temple and is in close proximity to popular landmarks like Dadar Beach and High Street Phoenix.
According to Square Yards, the apartment rented by the couple has a built-up area of 3,245 square feet (301.47 square meter) and a carpet area of 2,319.50 square feet (215.49 square meter), along with three dedicated car parking spaces.
Square Yards said the lease agreement was registered in November 2024, has a tenure of 36 months and includes an initial security deposit of ₹21 lakh. "The rental arrangement follows a tiered structure, with the monthly rent set at ₹7 lakh for the first 18 months, rising to ₹7.35 lakh for the remaining 18 months," Square Yards said.
Deepika Padukone already owns a property in Beau Monde Towers, a luxury residential project by the Ashwin Sheth Group which offers 2, 3, 4, and 5 BHK apartments. Her latest leased apartment is an addition to her recent real estate investments, which include a premium apartment in Bandra and a spacious bungalow in Alibaug.
Also Read: Emaar India to invest ₹1,000 crore in new luxury housing project, targets ₹2,500 crore in sales
Square Yards, claims to have accessed the lease documents and shared that the project is located in Prabhadevi, a locality in Mumbai which provides seamless connectivity to both the Western and Central suburbs, as well as key roadways such as the Western Express Highway and the Worli-Bandra Sea Link.
The area is renowned for housing the iconic Siddhivinayak Temple and is in close proximity to popular landmarks like Dadar Beach and High Street Phoenix.
Also Read: Festive season set to boost real estate sales; Developers say a rate cut would pump demand
According to Square Yards, the apartment rented by the couple has a built-up area of 3,245 square feet (301.47 square meter) and a carpet area of 2,319.50 square feet (215.49 square meter), along with three dedicated car parking spaces.
Square Yards said the lease agreement was registered in November 2024, has a tenure of 36 months and includes an initial security deposit of ₹21 lakh. "The rental arrangement follows a tiered structure, with the monthly rent set at ₹7 lakh for the first 18 months, rising to ₹7.35 lakh for the remaining 18 months," Square Yards said.
Deepika Padukone already owns a property in Beau Monde Towers, a luxury residential project by the Ashwin Sheth Group which offers 2, 3, 4, and 5 BHK apartments. Her latest leased apartment is an addition to her recent real estate investments, which include a premium apartment in Bandra and a spacious bungalow in Alibaug.
Also Read: Emaar India to invest ₹1,000 crore in new luxury housing project, targets ₹2,500 crore in sales
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