Ajay Devgn leases Juhu bungalow, set to earn ₹10.61 crore

Ajay Devgn: Bollywood actor Ajay Devgn is once again in the spotlight for his property dealings. Ajay Devgn and his mother Veena Devgn have leased out their approximately 7,803 sq ft bungalow in Mumbai's posh Juhu area for five years. This property is expected to generate an estimated ₹10.61 crore in rental income over the lease period.

According to property registration documents, the deal was registered in August 2026, and the initial monthly rent has been set at ₹16 lakh.

Ajay Devgn's bungalow rent to increase every year
The lease agreement includes a provision for a 5% annual increase in rent, making it more than just the ₹16 lakh monthly rent. In the first year, the rent will be ₹16 lakh per month, and by the fifth year, it is expected to rise to approximately ₹19.45 lakh per month. This annual escalation contributes to the estimated total rental income of ₹10.61 crore over five years.

₹48 lakh refundable security deposit
The property deal includes not just rent but also a security deposit. Reports indicate that the lease agreement specifies an interest-free refundable security deposit of ₹48 lakh.

The property is located in Mumbai's Kapol Co-operative Housing Society and has a built-up area of approximately 7,802.75 to 7,803 sq ft.

Who has leased Ajay Devgn's bungalow?
As per the registration documents, the property has been leased to Plurison Hotels & Resorts Private Limited. Ajay Devgn and Veena Devgn are listed as the property owners in the agreement.

This entire transaction has come to light through property registration documents accessed by real-estate data platform Square Yards and other reports.

Why is Juhu's property market so lucrative?
Juhu in Mumbai has long been a preferred residential location for Bollywood celebrities and high-profile personalities. Due to limited residential space, prime location, and high-end demand, rental values in Juhu remain significantly high.

This is why leasing out large residential properties in Juhu can provide substantial rental income for owners. Ajay Devgn's deal is another example of this premium property market.

Ajay Devgn's property portfolio in the spotlight again
Ajay Devgn and his wife Kajol are already known for their investments in Mumbai's premium real-estate market. There have been previous reports about their property holdings in Juhu.

Now, by leasing out this 7,803 sq ft bungalow for five years, Ajay Devgn and his mother Veena Devgn are set to secure a significant regular rental income.

Key highlights of the deal:
- Property: Juhu, Mumbai bungalow
- Area: Approximately 7,803 sq ft
- Lease period: 5 years
- Starting rent: ₹16 lakh per month
- Annual rent escalation: 5%
- Estimated monthly rent in the fifth year: Around ₹19.45 lakh
- Estimated total rental income: ₹10.61 crore
- Refundable security deposit: ₹48 lakh
- Lessee: Plurison Hotels & Resorts Private Limited

Ajay Devgn's property deal highlights how large residential assets in Mumbai's prime real-estate market are not just living spaces but also significant sources of rental income worth crores.