Ajay Devgn Leases Office Space to Kabir Khan in Mumbai
Bollywood actor Ajay Devgn has taken the entrepreneurial route by leasing out his commercial office space in Mumbai to filmmaker Kabir Khan. The prime property is located in Signature Tower on Veera Desai Road in Oshiwara, Mumbai, and spans a generous 3,455 square feet. The lease agreement, finalized in September 2024, involves a monthly rental of ₹7 lakh and a substantial deposit of ₹30 lakh. The lease tenure is set for a period of 60 months, and a stamp duty of ₹1.12 lakh was paid for the transaction.
A Strategic Investment
This strategic move underscores Ajay Devgn’s active participation in the real estate market, complementing his illustrious career in the film industry. The leasing of his commercial property demonstrates his astute business acumen and entrepreneurial spirit. The prime location of the office space, situated in the bustling Oshiwara district of Mumbai, is a testament to Devgn’s keen eye for lucrative real estate ventures.
A Flourishing Real Estate Portfolio
While Devgn’s foray into the real estate market might surprise some, it’s worth noting that he joins a growing list of Bollywood celebrities who have invested in property. The thriving film industry in Mumbai has made real estate a lucrative avenue for many celebrities, who often utilize their earnings to secure prime properties for both personal and commercial purposes.
Kabir Khan’s New Workspace
For filmmaker Kabir Khan, the lease agreement with Ajay Devgn provides a prestigious and well-equipped workspace. The spacious office space in Signature Tower offers a conducive environment for Khan’s creative endeavors and professional pursuits. As a renowned director with several blockbuster films under his belt, Khan’s presence in the building adds to its prestige and appeal.
A Win-Win Situation
Overall, the lease agreement between Ajay Devgn and Kabir Khan presents a win-win situation for both parties. Devgn benefits from a steady stream of rental income, while Khan secures a prime office space in a sought-after location. This transaction highlights the symbiotic relationship between the film industry and the real estate market in Mumbai, where celebrities often play a significant role in shaping the city’s landscape.
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