Bollywood actor Ajay Devgn and his mother, film producer Veena Devgan, have taken a bungalow on lease in Mumbai’s Juhu area at a starting monthly rent of Rs 16 lakh. The details emerged from property registration documents reviewed by real estate platform Square Yards on the website of the Inspector General of Registration (IGR), Maharashtra. The leave and license agreement was registered in August 2026.
The five-year rental agreement covers a bungalow in Kapol CHS Ltd., Juhu, with a built-up area of 724.90 sq m, or around 7,803 sq ft. The agreement includes a security deposit of Rs 48 lakh, while the stamp duty was Rs 2.71 lakh and registration charges stood at Rs 1,000.
According to Square Yards’ analysis of the registration documents, the 60-month lease comes with an annual rent increase of 5 per cent. The monthly rent begins at Rs 16 lakh during the first year and rises to approximately Rs 19.45 lakh by the fifth year. The total rental value over the entire five-year period is estimated at around Rs 10.61 crore.
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Source: Read the original article on www.freepressjournal.in