Stepped-up rentals strengthen returns from her high-value retail property
MUMBAI, Nov 19 (The CIONNECT) – Bollywood star Kajol Devgan has leased out a retail unit in Mumbai’s Goregaon West for a starting monthly rent of ₹6.9 lakh, according to property registration documents reviewed by Square Yards on the Maharashtra IGR portal. The agreement was registered in November 2025.
Located in Bharat Arize, the 1,817 sq. ft. (carpet) unit includes one car park. The transaction involved a stamp duty of ₹5.61 lakh, registration charges of ₹30,000, and a security deposit of ₹27.61 lakh. Kajol had purchased the asset in March 2025 for ₹28.78 crore.
As per Square Yards’ analysis, the lease spans nine years. The rent is fixed at ₹6.9 lakh per month for the first three years, rising 15% every three years to ₹7.9 lakh and then ₹9.13 lakh. Over the full term, Kajol stands to earn roughly ₹8.6 crore in rental income.
Goregaon West has emerged as a fast-developing mixed-use hub, with strong connectivity via the Western Express Highway, Link Road, SV Road, suburban rail, and expanding metro corridors. Its location near Andheri, Malad, and the Oshiwara District Centre keeps demand buoyant among both home-seekers and businesses, thanks to its proximity to corporate hubs, malls, studios, and entertainment clusters.
Kajol Devgan, among India’s most acclaimed and enduring actresses, continues to balance mainstream cinema with performance-driven roles across films and digital platforms, reinforcing her reputation as one of the industry’s most versatile artists.
