Ajay Devgn’s Rs 10.61 Cr Juhu Bungalow Lease Deal
By ThePip Desk
Ajay Devgn and mother Veena Devgn to earn Rs 10.61 crore from a 5-year lease of their Juhu bungalow, featuring a 5% annual rent escalation.
Bollywood actor Ajay Devgn and his mother, Veena Devgn, are set to earn a substantial Rs 10.61 crore in rental income over five years. This significant sum comes from leasing out their Juhu bungalow, demonstrating a clear strategy in property investment.
Your Juhu Bungalow Lease at a Glance
Here are the key financial details for this Juhu bungalow lease:
— Total Rental Income: Rs 10.61 crore over five years.
— Property Size: Approximately 7,803 sq ft.
— Initial Monthly Rent: Rs 16 lakh.
— Annual Rent Escalation: 5%.
— Security Deposit: Rs 48 lakh.
— Stamp Duty Paid: Rs 2.715 lakh.
The leave-and-licence agreement, registered on August 10, 2026, outlines the terms for this property located within the Kapol Cooperative Housing Society in Juhu. With a 5% annual increase, the monthly rent will climb to nearly Rs 19.45 lakh by the fifth year.
Initially, this translates to about Rs 205 per sq ft per month, rising to approximately Rs 249 per sq ft monthly by the end of the five-year period. It’s a good example of how rental income can grow over time with built-in escalations.
Ajay Devgn’s Expanding Property Investments
This Juhu lease isn’t an isolated event; it’s part of Ajay Devgn’s expanding real estate portfolio, especially in commercial properties. It shows how strategic property acquisition and leasing can be a powerful wealth-building tool.
— In May 2025, he leased a 2,545 sq ft office in Andheri West, projected to yield about Rs 3.3 crore over five years from an initial monthly rent of Rs 5.47 lakh.
— He acquired three office units in 2023 for a combined Rs 30.35 crore.
— April 2023 saw him purchase five office units in Mumbai’s Andheri West for approximately Rs 45.09 crore, covering 13,293 sq ft and including 14 car parking spaces.
— Another 3,455 sq ft office in Andheri West was leased in September 2024 for Rs 7 lakh a month.
— In 2024, he renewed a lease for two commercial units in Andheri for Rs 4.16 lakh a month.
— You might also recall he acquired another Juhu bungalow in 2021 for Rs 47.5 crore, jointly transferred to his mother, Veena Virendra Devgn, and himself.
These transactions highlight the significant potential for wealth creation through well-placed real estate investments. For you, understanding how rental agreements and property acquisitions work can offer valuable insights into long-term financial planning.