Ajay Devgn's ₹16 Lakh Monthly Rent

Bollywood actor Ajay Devgn and his mother, Veena Devgn, have leased out their 7,802.75 sq ft bungalow in Mumbai's Juhu for five years, with a monthly rent of ₹16 lakh in the first year. The rent will increase by 5% annually, resulting in an estimated total rental income of ₹10.61 crore over the five-year period.

The lease agreement was registered on August 10, 2026, with Florian Hurel Salons Private Limited as the lessee. The bungalow has a built-up area of 724.90 sq m and is located in the prestigious Juhu area of Mumbai.

The agreement includes a security deposit of ₹48 lakh, with a stamp duty of ₹2.71 lakh and registration charges of ₹1,000. The rent will rise to ₹16.8 lakh in the second year, ₹17.64 lakh in the third year, ₹18.52 lakh in the fourth year, and ₹19.45 lakh in the fifth year.

## Why it matters The lease of Ajay Devgn's bungalow highlights the high demand for luxury residential properties in Mumbai's Juhu area. The area is known for its upscale homes, celebrity residences, and premium lifestyle offerings, making it a sought-after location for those looking for high-end housing. The limited availability of premium land and continued demand for luxury properties have kept property values elevated in the area.

The estimated total rental income of ₹10.61 crore over five years is a significant amount, demonstrating the lucrative nature of luxury property rentals in Mumbai. The 5% annual rent increase also reflects the growing demand for high-end properties in the city.

## What happens next The lease agreement is for a period of five years, with the rent increasing annually. It will be interesting to see how the property market in Juhu evolves over the next few years and whether the demand for luxury properties continues to drive up rental income. For now, Ajay Devgn and his mother, Veena Devgn, can expect to earn a significant amount from the rental of their bungalow.