Bollywood actor Ajay Devgn has recently leased his commercial office space in Mumbai's Andheri area to Kabir Khan Entertainment, marking a significant real estate transaction. The lease agreement, finalized in September, stipulates a monthly rent of Rs 7 lakh and required a stamp duty payment of Rs 1.12 lakh. The property in question is located in Signature Tower, a development by Lotus Developers, which is well-known for its strategic location and modern amenities. ALSO READ: Kartik Aaryan Rents His Rs 17.5 Crore Juhu Apartment For Rs 4.5 Lakh A Month – Reports
Signature Tower is situated along Veera Desai Road in Oshiwara, a prime location in Mumbai's Western Suburbs. This area is highly sought after by businesses due to its excellent connectivity. It offers easy access to major highways, metro stations, and is conveniently close to the international airport, making it an ideal spot for commercial operations. Additionally, the locality is known for its vibrant atmosphere, boasting a mix of retail outlets, dining options, and entertainment venues, which contribute to its reputation as a bustling business hub.
The office space leased by Devgn spans 3,455 square feet and comes with the added benefit of three car parking spaces, a valuable asset in a city like Mumbai where parking is often at a premium. The lease agreement, secured with a Rs 30 lakh deposit, covers a period of 60 months, reflecting a long-term commitment by Kabir Khan Entertainment to this prime commercial space.
Ajay Devgn, along with his wife Kajol, owns multiple properties within the Signature Tower project, highlighting their substantial investment in commercial real estate. They are part of a growing trend among Bollywood celebrities who are diversifying their portfolios by investing in premium office spaces. Signature Tower, with its strategic location and high-end facilities, has attracted several such high-profile investors, further cementing its status as a premier destination for business ventures.
This transaction not only underscores Ajay Devgn's astute investment strategy but also reflects the ongoing demand for quality commercial spaces in Mumbai's prime locations. The deal adds to the prestige of Signature Tower as a top choice for businesses seeking well-connected and well-equipped office environments in the city.
Image Source: Twitter