Kajol Devgan Leases Mumbai Retail Unit for ₹8.6 Cr During Tenure

Mumbai, November 19, 2025: Bollywood actor Kajol Devgan has given on rent a retail unit located in Mumbai’s Goregaon West locality for a monthly rent starting at INR 6.9 lakh, according to property registration documents reviewed by Square Yards. The deal was officially registered in November 2025.

Goregaon West is a dynamic and rapidly developing real estate hotspot in Mumbai, offering a balanced mix of residential and commercial spaces. The locality benefits from strong connectivity through the Western Express Highway, Link Road, SV Road, and the suburban railway network, along with expanding metro routes that enhance daily commuting. It is strategically positioned near key business and entertainment hubs such as Andheri, Malad, and the Oshiwara District Centre (ODC). This strategic placement fuels steady demand for homes and offices, as professionals seek convenient living options while businesses take advantage of Goregaon West’s proximity to corporate hubs, malls, film studios, and other commercial centers.

As per IGR property registration documents reviewed by Square Yards, the retail unit located in Bharat Arize has a carpet area of 1,817 sq. ft. (~168 sq. m.) and one car parking. The deal incurred a stamp duty payment of INR 5.61 lakh and registration charges of INR 30,000. The transaction includes a security deposit of INR 27.61 lakh.

According to Square Yards’ analysis, the rental agreement spans nine years, starting from November 2025. The monthly rent is set at INR 6.9 lakh for the first three years, with a 15 per cent escalation after expiry of every successive period of three years, increasing to INR 7.9 lakh for the next three years and 9.13 lakh in the final three years of the term. Based on this structure, the total rent acquired during the lease tenure amounts to INR 8.6 crore.

As per the IGR property registration documents reviewed by Square Yards, Kajol Devgan purchased this retail unit in March 2025 for INR 28.78 crore.