Bollywood actor Kartik Aaryan has recently made a notable move in Mumbai’s real estate market by leasing out his luxurious apartment in Juhu for a considerable sum of Rs 4.5 lakh per month. This development highlights Aaryan’s growing presence in the city’s competitive real estate sector and reflects the high stakes involved in property transactions among Bollywood celebrities. The lease agreement for this upscale apartment, located in the Siddhi Vinayak Building within the prestigious Presidency Co-operative Society, was officially registered on August 28, 2024. This registration was accompanied by a stamp duty payment of Rs 42,500, signaling a significant financial commitment on Aaryan’s part. Also Read- Are Naga Chaitanya and Sobhita Dhulipala Getting Married? Viral Video Shows Actor Arriving as Groom With His Baraat! Watch Now!
The apartment in question spans an impressive 1,912 square feet, reflecting the high standards and exclusivity associated with properties in this sought-after neighborhood. The Juhu area, renowned for its opulent residences and celebrity residents, remains one of Mumbai’s most desirable locations. Aaryan, alongside his mother Mala Tiwari, had purchased this property for a substantial amount of Rs 17.5 crore. This purchase was finalized on June 30, 2024, with the transaction also including two parking spaces. The deal was accompanied by significant additional costs, including a stamp duty of Rs 1.05 crore and a registration fee of Rs 30,000. The registration of these documents occurred a year prior, on June 30, 2023, indicating that the purchase was carefully planned and executed.
From a financial perspective, the rental yield on Aaryan’s apartment is calculated at 3.1%. Rental yield is a common metric used to assess the profitability of real estate investments, representing the annual rental income as a percentage of the property’s total value. A 3.1% yield suggests that Aaryan’s investment is performing reasonably well, contributing positively to his financial portfolio. This figure is particularly noteworthy given the high-value nature of the property and the competitive rental market in Mumbai.
This recent lease is not an isolated incident for Kartik Aaryan’s family in the realm of high-profile real estate transactions. Last year, his mother Mala Tiwari entered into a lease agreement for a 3,681-square-foot apartment owned by fellow actor Shahid Kapoor. This property commanded a monthly rent of Rs 7.5 lakh, along with a significant security deposit of Rs 45 lakh for a 36-month lease. Such transactions reflect the substantial financial commitments and high stakes associated with leasing luxury properties in Mumbai. Also Read- The Buckingham Murders: the Harrowing Blood-soaked Scene That Left a Lasting Impact on Kareena Kapoor Khan! Read Now to Know More!
Mumbai’s real estate market, particularly in high-profile areas like Juhu, has long been a favored investment avenue for Bollywood celebrities. The combination of high rental yields, the potential for substantial capital appreciation, and the status associated with living in such prestigious locales make it an attractive option for investors. The Juhu area, with its picturesque beachfront and proximity to luxury amenities, continues to be a prime location for both celebrities and business elites. Its appeal is further enhanced by its reputation as a hub for upscale residences, contributing to its status as one of the most coveted addresses in the city.
Kartik Aaryan’s recent real estate activities underscore the ongoing trend of Bollywood stars investing in Mumbai’s flourishing property market. This trend highlights the lucrative opportunities available in one of India’s most expensive cities and reflects the broader pattern of celebrities leveraging their financial success to secure high-value investments. The lease of Aaryan’s apartment not only demonstrates his strategic approach to property investment but also reinforces the allure of Mumbai’s real estate market as a premier destination for high-profile and affluent individuals.
In summary, Kartik Aaryan’s decision to lease his Rs 17.5 crore Juhu apartment for Rs 4.5 lakh per month exemplifies the intersection of celebrity influence and real estate investment in Mumbai. The substantial rental income, coupled with the high-value nature of the property, underscores the significance of such transactions in the city’s competitive market. As Bollywood stars continue to navigate and invest in Mumbai’s property sector, their activities reflect broader trends and offer insights into the dynamics of high-profile real estate investments.
