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Shah Rukh Khan Leases Luxury Duplexes in Khar West, Mumbai

Bollywood superstar Shah Rukh Khan has leased two high-end duplex apartments in Khar West, Mumbai, for a total cost of ₹8.67 crore. The properties, located in the prestigious Puja Casa Building in Pali Hills, are owned by renowned Indian film producer Vashu Bhagnani and his family. The lease agreement is for three years, further strengthening the demand for luxury rentals in Mumbai s premium localities. Details of the Leased Properties 1. Duplex on the First & Second Floors Owners: Jackky Bhagnani & Deepshika Bhagnani Monthly Rent: ₹11.54 lakh Security Deposit: ₹32.97 lakh 2. Duplex on the Seventh & Eighth Floors Owner: Vashu Bhagnani Monthly Rent: ₹12.61 lakh Security Deposit: ₹36 lakh Total Lease Agreement Terms Monthly Rent for Both Units: ₹24.15 lakh Lease Duration: 36 months (3 years) Annual Rent: ₹2.9 crore Total Lease Value: ₹8.67 crore Stamp Duty Paid: ₹2.22 lakh Registration Fee: ₹2,000 Registration Date: February 14, 2025 Shah Rukh Khan s Expansion of Mannat This leasing decision comes shortly after the Maharashtra Coastal Zone Management Authority (MCZMA) granted approval for expansion of Shah Rukh Khan s iconic residence, Mannat. The expansion will: Add two more floors to the six-storey annexe behind Mannat. Increase the built-up area by 616.02 sq. meters. Maharashtra Government s Refund to Shah Rukh Khan In another development, the Maharashtra Government has announced a ₹9 crore refund to Shah Rukh Khan due to an error in premium calculation by the Mumbai Suburban Collectorate. The mistake occurred during the ownership transfer of Mannat, resulting in an overcharge in fees. The refund is currently awaiting final government approval. Growing Celebrity Interest in Luxury Mumbai Real Estate Mumbai s luxury real estate market continues to thrive, with celebrities investing heavily in premium rental and owned properties. Shah Rukh Khan s lease of these high-end duplexes further fuels demand for upscale residences in Mumbai s posh neighborhoods. With increasing demand for luxury homes and premium rental agreements, Mumbai s rental market in high-end localities such as Bandra, Khar West, and Juhu is witnessing an upward trend.