Ajay Devgn, mother to earn ₹16 lakh/month from Juhu bungalow - Here's how
Actor Ajy Devgn and his mother Veena Devgn have leased their 7,803 sq ft Juhu Bungalow for five years, with rent starting at ₹16 lakh a month and rising annually.
Bollywood actor Ajay Devgn and his mother Veena Devgn have leased their 7,803 sq ft bungalow in Juhu's Kapol Co-operative Housing Society (CHS) for ₹16 lakh per month. According to property registration documents reviewed by Square Yards, the 60-month lease agreement is estimated to generate ₹10.61 crore in rental income over five years.
The lease includes a security deposit of ₹48 lakh. The 724.90 sq m bungalow, located in Juhu, a premium residential neighborhood in Mumbai, has a built-up area of 7,803 sq ft. The property's premium location along the western coastline, coupled with connectivity to commercial and business districts, has sustained demand for high-value residential properties in the area.
Property values in Juhu have remained elevated despite some recent moderation, with the average asking price per sq ft at around ₹61,100. The Devgn family's bungalow is expected to generate progressively higher rental income through the lease agreement.
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