Actor Madhavan, Wife Sarita’s ₹17.50 Cr BKC Apartment on Rent, 2-Year Rental Income ₹1.60 Cr

Mumbai, June 20, 2025: Actor R Madhavan and wife Sarita have rented out a co-owned residential apartment located in Bandra Kurla Complex (BKC) for a starting monthly rent of INR 6.50 lakh, according to property registration documents reviewed by real estate platform squareyards.com on the website of the Inspector General of Registration (IGR). The leave and license agreement was officially registered in June.

BKC is a planned commercial hub in Mumbai developed to ease congestion in traditional business districts. It hosts a concentration of financial institutions, multinational companies and consulates, making it one of the city’s most sought-after office markets. While primarily commercial, the surrounding areas have seen high-end residential development driven by proximity and infrastructure. Strong connectivity and consistent demand continue to keep property values elevated across segments.

According to property registration documents accessed by Square Yards, the couple have rented out a residential unit located in Signia Pearl. The rental agreement includes a security deposit of INR 39 lakh and was registered with a stamp duty of INR 47,000 and registration charges of INR 1,000.

Per Square Yards’ analysis, the lease tenure spans 24 months starting from the first week of June with a lock-in period of 16 months. The monthly rent will increase by 5 per cent to approximately INR 6.83 lakh in the second year. Over the full term, the cumulative rental value is estimated at approximately INR 1.60 crore.

Madhavan and his wife acquired this property—measuring 388.55 sq m—for INR 17.50 crore in July 2024. Based on the agreed rental terms and acquisition cost, the gross rental yield stands at approximately 4.5 per cent for the first year, rising to around 4.7 per cent in the second year of the lease.