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Ajay Devgan has given a monthly lease of Rs 5.47 lakh to an office unit in Mumbai.
Unit 2,545 sq ft. And is located in the signature by Lotus.
The five -year lease is set with increasing rent from May 2025 to April 2030.
New Delhi:
Ajay Devgan, fresh with the success of his latest film Raid 2Allegedly rented one of its premium office units in Mumbai. Actor leased his property in Andheri for Rs 5.47 lakh per month, reported Indian expressQuoting the prop-tech platform square yard.
The lease and license agreement for the property was registered earlier this month with a stamp duty of Rs 85,000 and a registration fee of Rs 1000. The office unit located in commercial development signature by Lotus extends up to 2,545 square feet. The report also mentions that space has been excluded to Bombay Design Center Private Limited.
The lease includes an initial fit-out stage and spreads for five years, from May 2025 to April 2030. While the fare for the first three years is Rs 5.47 lakh per month, it increases to Rs 6.29 lakh per month in the last two years. During the five years, the actor will earn Rs 3.3 crore from rent.
In April 2023, Ajay Devgan paid a total of Rs 30.35 crore for three adjacent office units in the same building for an estimated cost of Rs 10.12 crore per unit. According to the square yard, the yield of rent will be around 6.5% for the first three years of lease and up to 7.5% for the remaining two years, based on the terms of the rental agreement and the estimated cost of the acquisition. The deal also includes security deposit of Rs 16.42 lakh.
On the work front, Ajay Devgan’s latest release, Raid 2Currently running in theaters. The next project of the actor is Indra Kumar Dhammal 4The film also includes Arshad Warsi, Ritish Deshmukh, Sanjeeida Sheikh, Sanjay Mishra and Javedi in the lead roles. The release date of the film is yet to be announced.
Ajay Devgan is also De me love de 2 And Son of Sardar 2 In line-up.
