Vicky Kaushal Renews Lease for Luxury Apartment Taken on Rent in Mumbai’s Juhu, to Pay Rs. 6.2 Crore in Three Years: Square Yards

Mumbai, April 28, 2025: Bollywood actor Vicky Kaushal has renewed his lease for an apartment located in Mumbai’s Juhu locality, for a monthly rent starting at Rs. 17.01 lakh, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR) at https://igrmaharashtra.gov.in. The three-year lease renewal transaction was officially registered in April 2025.

Juhu is home to several Bollywood celebrities. The locality is known for its scenic beach, upscale restaurants, and proximity to business hubs like Andheri and Bandra. It also boasts excellent connectivity via the Western Express Highway and the Mumbai Metro network. Bollywood stars such as Varun Dhawan, Janhvi Kapoor, Kartik Aaryan, and Shakti Kapoor also own apartments in Juhu, as per Square Yards’ analysis of IGR property registration documents.

The leased apartment is located in Raj Mahal, a ready-to-move residential project. According to property registration documents reviewed by Square Yards, the apartment spans a carpet area of 258.48 sq. m. (~2,781.83 sq. ft.). The transaction incurred a stamp duty payment of Rs. 1.69 lakh and registration charges of Rs. 1,000. Additionally, the lease agreement provides exclusive rights to three car parking spaces, along with a security deposit of Rs. 1.75 crore.

Square Yards’ analysis reveals that the current three-year lease agreement starting from January 2025, includes a monthly rent of Rs. 17.01 lakh for the first and second years, which increases to Rs. 17.86 lakh in the final year. Over the lease tenure, the total rental payment by Kaushal is projected to reach approximately Rs. 6.2 crore. This renewal follows a previous lease agreement signed in July 2021 for a five-year period, where the monthly rent started from Rs. 8 lakhs.