Kartik Aaryan Leases Luxury Juhu Apartment for ₹4.5 Lakh

Bollywood actor Kartik Aaryan has recently leased his opulent apartment in Juhu, Mumbai, for a monthly rental fee of ₹4.5 lakh. The 1,912-square-foot residence is located in the Siddhi Vinayak Building within the Presidency Co-operative Society and was jointly acquired by Aaryan and his mother, Mala Tiwari, for ₹17.5 crore earlier this year. This transaction illustrates the rising trend of high-value property investments by celebrities in Mumbai’s competitive real estate market.

The lease agreement was officially registered on 28th August, with a stamp duty of ₹42,500 attached. Aaryan’s acquisition included two dedicated parking spaces, alongside significant financial commitments, such as a stamp duty of ₹1.05 crore and a registration fee of ₹30,000 at the time of purchase. The formal registration of the property took place on 30th June 2023. The apartment’s rental yield stands at a noteworthy 3.1%, which reflects a healthy return for properties in Mumbai’s luxury segment, where rental yields are often a key consideration for investors.

This latest lease adds to Aaryan’s expanding real estate portfolio, which encompasses both residential and commercial properties. Notably, in 2022, he acquired a 2,099-square-foot office space in the prestigious Signature Tower on Veera Desai Road for ₹10 crore, marking his strategic entry into the commercial sector. Aaryan’s mother, Mala Tiwari, also had a noteworthy rental experience; she previously rented a 3,681-square-foot apartment from actor Shahid Kapoor for ₹7.5 lakh per month, underpinned by a substantial security deposit of ₹45 lakh.