NEW DELHI: Shahid Kapoor has rented out his apartment in Three Sixty West, developed by Oberoi Realty in Worli, Mumbai, Square Yards informed in a media release.
The property spans 5,395 sq ft of carpet area with three dedicated car parking spaces. The apartment, originally purchased in May 2024 for Rs. 58.6 crore was jointly acquired by Shahid and Mira Kapoor.
The lease agreement, registered in November 2024, is for a tenure of 60 months with an initial security deposit of Rs. 1.23 crore.
As per Square Yards, the property will generate an average gross rental yield of 4-5%. 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.
