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Mint
8 hours ago
- Business
- Mint
R Madhavan rents out 4,000 sqft BKC apartment in Mumbai for THIS amount: Check all details
Actor R. Madhavan, known for his roles in movies like Rehna Hai Tere Dil Mein and 3 Idiots, has rented out his 4,000 sqft flat in Mumbai's posh Bandra Kulra Complex (BKC) area and is expected to collect ₹ 1.60 crore from tenants over two years. According to a report by Square Yards, the co-owned residential apartment of the actor and his wife Sarita in BKC has been rented out. Documents reviewed by the real estate tracker on the website of the Inspector General of Registration (IGR) shows that the leave and licence agreement was officially registered in June 2025. At the beginning, the tenants who have received this flat will pay a monthly rent of ₹ 6.50 lakh to R Madhavan. The lease tenure spans 24 months (two years), starting from the first week of June 2025, with a lock-in period of 16 months. While the monthly rent starts at ₹ 6.50 lakh per month in the beginning, the rent will be increased by 5 per cent to approximately ₹ 6.83 lakh in the second year. The cumulative rent collected over these 16 months is expected to be around ₹ 1.60 crore, according to Square Yards. The rental agreement further includes a security deposit of ₹ 39 lakh and was registered with a stamp duty of ₹ 47,000 and registration charges of ₹ 1,000. Based on the agreed rental terms and acquisition cost, the gross rental yield stands at approximately 4.5 per cent for the first year, rising to around 4.7 per cent in the second year of the lease. As per the registration documents of R Madhavan's property, the actor and his wife's flat is located in Signia Pearl, Bandra Kurla Complex. The size of the flat in the prime location is 388.55 square metres or about 4,182 sqft, as per Square Yards. The actor brought the flat in July last year for a total amount of ₹ 17.50 crore. Bandra Kurla Complex (BKC) is a planned commercial hub in Mumbai, developed to ease congestion in traditional business districts. It hosts a concentration of financial institutions, multinational companies, and consulates, making it one of the city's most sought-after office markets. While primarily commercial, the surrounding areas have seen high-end residential development driven by proximity and infrastructure. Strong connectivity and consistent demand continue to keep property values elevated across segments.
Time of India
11 hours ago
- Entertainment
- Time of India
R Madhavan's monthly rental income from his luxurious Mumbai properties could be an engineer's annual salary
In a move that blends star power with smart investing, actor R Madhavan and his wife Sarita have rented out their swanky Mumbai apartment for a whopping Rs 6.5 lakh per month. The 4,182 sq. ft. residence is located in the plush Signia Pearl complex at Bandra Kurla Complex (BKC), one of Mumbai's most sought-after addresses for both business and luxury living. It features the Venetian Suites concept, where interior walls subtly recede to create a seamless flow of interconnecting living spaces, offering an expanded, thoughtfully optimised layout. Complemented by world-class amenities and an elevated aesthetic, the residence promises a sophisticated living experience designed for both comfort and grandeur. Indian Express cited that the property registration documents accessed by Square Yards, the leave and license agreement for the apartment, were officially registered in June 2025. So, how much will the tenant pay? The tenant will pay a total of Rs 1.6 crore in rent over a two-year period. A security deposit of Rs 39 lakh was also included in the deal, along with a stamp duty of Rs 47,000 and registration charges of Rs 1,000. As per Square Yards, Madhavan had purchased the apartment in July 2024 for Rs 17.5 crore, the deal included a stamp duty of Rs 1.05 crore and a registration fee of Rs 30,000, marking a significant investment in his already impressive property collection. The estimated rental yield stands at approximately 4.5% in the first year, increasing to 4.7% in the second year—figures that outperform many traditional real estate investments in the luxury segment. Where does R Madhavan live now? Actor R Madhavan, now based in Dubai with his family, relocated during the pandemic to support son Vedaant's swimming career. In Mashable's Dubai Journey series, he shared how he's enjoying the city's lifestyle while staying rooted in Indian culture. Madhavan also revealed that he owns a small family boat and earned a captain's license during COVID. Driven by a desire to learn new skills each year, he studied and passed both theory and practical exams to earn the license. R Madhavan's movies In 2025, R Madhavan has already delivered Hisaab Barabar, Test, and Kesari Chapter 2, with Adhirshtasaali, Dhurandhar, and Aap Jaisa Koi lined up. Releasing July 11 on Netflix, Aap Jaisa Koi is a tender romance directed by Vivek Soni. Madhavan plays a reserved Sanskrit teacher opposite Fatima Sana Shaikh as a spirited French instructor. Produced by Dharmatic Entertainment, the film explores emotional vulnerability, love, and rediscovery, making it one of the most anticipated feel-good titles of the season.
Time of India
13 hours ago
- Entertainment
- Time of India
R Madhavan lease Rs 17.5 crore Mumbai apartment, earning Rs 1.6 crore rent in two years
R Madhavan and wife Sarita have leased their Rs 17.5 crore Mumbai apartment in Bandra Kurla Complex for Rs 6.5 lakh monthly rent, earning Rs 1.6 crore over two years. Madhavan moved to Dubai for his son's swimming training but frequently travels to India for work and films. R Madhavan and his wife Sarita have leased out their luxurious Mumbai apartment in Bandra Kurla Complex for a monthly rent of Rs 6.5 lakh. The property, valued at Rs 17.5 crore, was officially rented out through a leave and license agreement registered in June 2025, as reviewed by Square Yards. Property Details and Rental Income Located in the Signia Pearl apartment complex, the property is set to generate rental income of Rs 1.60 crore over two years. The lease agreement includes a security deposit of Rs 39 lakh, along with additional costs of Rs 47,000 for stamp duty and Rs 1,000 for registration fees. Purchase and Rental Yield In July 2024, Madhavan acquired a 388.55 sq. m. (4,182 sq. ft.) apartment for Rs. 17.50 crore. The rental agreement offers a yield of around 4.5% in the first year, which rises to 4.7% in the second year, reflecting a steady increase in rental returns over the lease period. Relocation to Dubai for Son's Swimming Training During the COVID-19 pandemic, the actor shifted to Dubai with his family to support his son Vedaant's swimming training, as Mumbai's large pools were either closed or restricted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brass Krishna Idols For Prosperity & Protection In Life Luxeartisanship Shop Now Undo Talking to SCREEN, Madhavan spoke about the move that the larger swimming pools in Mumbai are either closed because of Covid or out of bounds. They are here with Vedaant in Dubai where he has access to large pools. He's working towards the Olympics, and Sarita (his wife) and he are right by his side. Though based in Dubai, Madhavan frequently travels to India for work and appreciates the city's high quality of life while staying connected to his roots. He is also known for hosting celebrities like Ajith, Nayanthara, and Vignesh Shivan in Dubai. Recent and Upcoming Film Projects On the work front, Madhavan recently appeared in 'Kesari Chapter 2: The Untold Story of Jallianwala Bagh' alongside Akshay Kumar and Ananya Panday. His upcoming project is 'De De Pyaar De 2', directed by Anshul Sharma, where he stars with Ajay Devgn , Rakul Preet Singh , and Jimmy Shergill.
Indian Express
14 hours ago
- Entertainment
- Indian Express
R Madhavan and wife Sarita rent out Rs 17.50 crore apartment, to earn Rs 1.6 crore rent in 2 years
Actor R Madhavan and his wife Sarita have given their Mumbai apartment, worth Rs 17.5 crore, on rent. The residential property, located in Bandra Kurla Complex, will draw Rs. 6.50 lakh monthly rent, as per property registration documents reviewed by Square Yards. The leave and license agreement was officially registered in June, 2025. The property will earn Rs 1.60 crore rent over a period of two years and is situated in Signia Pearl apartment complex. The rental agreement also includes a security amount of Rs 39 lakh, along with a stamp duty of Rs 47,000 and registration charges of Rs 1,000. Madhavan bought this property, measuring 388.55 sq. m. (4,182 sq. ft.) at Rs. 17.50 crore in July 2024. Going by the agreed rental terms and acquisition cost, the total rental revenue is at approximately 4.5% for the first year, escalating to 4.7% in the second year of the lease. ALSO READ | R Madhavan addresses claims 'he talks to young girls': 'My intention was not to reply to hearts, kisses and love things..' The actor himself resides in Dubai where he moved along with his family during Covid to ensure that son Vedaant's training as a swimmer was not impacted. In an interview to SCREEN, Madhavan had spoken about the move, 'The larger swimming pools in Mumbai are either closed because of Covid or out of bounds. We are here with Vedaant in Dubai where he has access to large pools. He's working towards the Olympics, and Sarita (his wife) and I are right by his side'. The actor frequently travels between the two countries for his work. he had also commented about how he is blown away by the quality of life in Dubai even though he remains connected with India. He is often seen hosting celebs in Dubai, including Ajith, Nayanthara and her husband Vignesh Shivan and many more. On the work front, Madhavan was last seen in Kesari Chapter 2: The Untold Story of Jallianwala Bagh, alongside Ananya Panday and Akshay Kumar. He will next feature in Anshul Sharma's De De Pyaar de 2, with Ajay Devgn, Rakul Preet Singh and Jimmy Shergill.
Hindustan Times
16 hours ago
- Entertainment
- Hindustan Times
R Madhavan rents out a luxury apartment in Mumbai's BKC area for ₹6.5 lakh per month
Renowned actor R Madhavan and his wife, Sarita, have leased their luxury apartment in Mumbai's upscale Bandra Kurla Complex (BKC) for a monthly rent of ₹6.50 lakh, according to property registration documents accessed via Square Yards. The apartment has been rented for a period of two years to BP Exploration (Alpha) Limited, a British multinational oil and gas company formerly known as British Petroleum. The high-end residence, which spans 4,182 sq ft, is located in Signia Pearl, a premium residential tower in BKC. Over the two-year lease term, the total rental income will amount to ₹1.60 crore. Additionally, Madhavan has received a security deposit of ₹39 lakh. The agreement was registered on June 11, 2025, and a stamp duty of ₹47,000 and registration fees of ₹1,000 were paid for the transaction. Also Read: Mumbai real estate: 5 Bollywood stars who have invested nearly ₹80 crore in properties in Bandra According to Square Yards, the lease tenure is two years, commencing in the first week of June 2025, with a lock-in period of 16 months. The monthly rent is set at ₹6.50 lakh for the first year and will escalate by 5% to approximately ₹6.83 lakh in the second year. R Madhavan and his wife purchased the luxury apartment in July 2024 for ₹17.50 crore. Based on the agreed rental terms and acquisition cost, the gross rental yield stands at approximately 4.5% in the first year, increasing to around 4.7% in the second year of the lease. Also Read: R Madhavan buys new apartment in BKC worth ₹17.5 crore. Check out pictures of the property R Madhavan could not be reached for comment. An email query sent to BP Exploration (Alpha) Limited did not receive a response. If a response is received, the story will be updated. R Madhavan is an Indian actor and filmmaker known for his work predominantly in Tamil and Hindi cinema, with appearances in Telugu, Kannada, Malayalam, and English films as well. He established himself with successful Tamil films like Minnale (2001), Kannathil Muthamittal (2002), Anbe Sivam (2003), and Aaytha Ezhuthu (2004), while also making a mark in Hindi cinema with notable roles in Rang De Basanti (2006), Guru (2007), and the blockbuster 3 Idiots (2009). BKC is the city's central business district (CBD) and a prime hub for the BFSI sector and Fortune 500 companies. BKC is one of the costliest commercial districts in India, with office spaces for Jio, Apple, Netflix, Facebook, Amazon, the National Stock Exchange, Standard Chartered Bank, WeWork, CISCO, Pfizer, Spotify, and Blackstone. BKC also houses government institutions like the GST, the Reserve Bank of India, the Income Tax Department, and the Family Court. The US Consulate also has a sprawling campus inside BKC. Also Read: Google India renews 5-year office lease in Mumbai's BKC for a rent of ₹304 crore BKC is in the centre of the western and eastern parts of the financial capital and is connected to the Western Express Highway (WEH), Bandra-Worli Sea Link, international airport, Eastern Express Highway (EEH), and Eastern Freeway, among several other arterial roads.
