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Shahid Kapoor, wife Mira Kapoor rent out their Rs 580000000 luxury Mumbai apartment for Rs...
The apartment, which spans 5,395 square feet of carpet area, was purchased in May 2024.
Updated : Nov 12, 2024, 07:15 PM IST
 "Shahid Kapoor, wife Mira Kapoor rent out their Rs 580000000 luxury Mumbai apartment for Rs...")
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Bollywood actor Shahid Kapoor is known for his acting and dance skills. The 43-year-old earns through various brand deals, ads and movies. Now, the actor will get Rs 20 lakh per month by rent of his Mumbai apartment. Shahid and his wife Mira Kapoor have given on rent a luxury apartment in Mumbai for the same amount, according to Square Yards.
The apartment, originally purchased in May 2024 for Rs 58.6 crore, was jointly acquired by Shahid and Mira Kapoor. In a statement on Tuesday, real estate consultant Square Yards said Kapoor recently rented out the luxurious apartment in 'Three Sixty West' project at Worli.
The property spans 5,395 square feet of carpet area and 6,175.42 sq ft of built-up area, with three dedicated car parking spaces. The project 'Three Sixty West', developed by Oberoi Realty, is a high-end residential project spread over 1.58 acres, offering 4 and 5 BHK ready-to-move-in apartments.
The lease agreement, registered in November 2024, is for a tenure of 60 months with an initial security deposit of Rs 1.23 crore. The property will generate an average gross rental yield of 4-5 per cent, it said. The lease follows a tiered rental structure, starting at Rs 20.5 lakh per month and gradually increasing to Rs 23.98 lakh by the end of the term in five years. Additionally, the agreement includes a rent-free period for the first 10 months.
(With inputs from PTI)
