Shahid Kapoor lease out flat in Mumbai for over Rs 20 lakh per month, ET RealEstate

November 12, 2024
1 min read
Shahid Kapoor lease out flat in Mumbai for over Rs 20 lakh per month, ET RealEstate


115239728

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.

  • Published On Nov 12, 2024 at 01:30 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App
realty barcode



Source link

curationteam

Curation Team will curate content from different sources and present for you. We will not edit any content. Source link is provided for the source from where its received .

Leave a Reply

Your email address will not be published.

Bail Granted to Yes Bank-DHFL Fraud Developer Sanjay Chhabria Amid Concerns Over Trial Delays, ET RealEstate
Previous Story

Bail Granted to Yes Bank-DHFL Fraud Developer Sanjay Chhabria Amid Concerns Over Trial Delays, ET RealEstate

New Draft Policy to Exclude Defaulters from Group Housing Bidding in Noida, ET RealEstate
Next Story

New Draft Policy to Exclude Defaulters from Group Housing Bidding in Noida, ET RealEstate

Latest from Blog