Bollywood actress Shraddha Kapoor, who is currently basking in the success of her recent blockbuster film Stree 2, has taken a luxury apartment on rent in Mumbai’s Juhu area. According to property documents accessed by Zapkey, the actress will be paying a whopping ₹6 lakh per month as rent for the apartment.
The luxury apartment, which spans an area of 3928.86 sq ft, has been rented by Shraddha for a period of one year. As per the documents, the actress has paid an advance rent of ₹72 lakh for the entire year. The apartment comes with four car parkings, and a stamp duty of ₹36,000 and a registration fee of ₹1000 have been paid for the transaction.
Shraddha’s decision to rent a luxury apartment in Juhu is not surprising, given the area’s proximity to the film industry and its upscale amenities. The actress, who is the daughter of veteran actor Shakti Kapoor and Shivangi Kolhapure, has been a part of several successful films in her career, including Teen Patti, Aashiqui 2, and Stree.
Why Do Bollywood Stars Prefer Renting Apartments?
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Shraddha’s decision to rent a luxury apartment is not an isolated one. Several Bollywood stars have been known to prefer renting apartments over buying them. One of the main reasons for this is the flexibility that renting offers. Many Bollywood stars have busy schedules and may not have the time to maintain a property. Renting an apartment allows them to focus on their work without worrying about the maintenance of a property.
Another reason why Bollywood stars prefer renting apartments is the location. Many upscale areas in Mumbai, such as Juhu and Bandra, offer luxurious apartments with amenities that are hard to find in other areas. By renting an apartment in these areas, Bollywood stars can enjoy the benefits of living in a luxurious area without having to commit to buying a property.
Karan Johar and Imran Khan’s Rental Deals
Earlier this year, Bollywood film director and producer Karan Johar had taken a property on rent in Mumbai’s Pali Hill area for a rent of ₹8 lakh per month for three years. The property, which is located in a upscale building in Pali Hill, offers luxurious amenities and a stunning view of the city.
In another instance, Bollywood actor Imran Khan and his girlfriend Lekha Washington had leased a flat in Mumbai’s Bandra area from film producer Karan Johar at a monthly rent of ₹9 lakh for three years. The apartment, which is located in a three-storey building in Clefepete on Carter Road, Bandra, offers a stunning sea-facing view and luxurious amenities.
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In conclusion, Shraddha Kapoor’s decision to rent a luxury apartment in Juhu is not surprising, given the flexibility and location that renting offers. With many Bollywood stars preferring to rent apartments over buying them, it will be interesting to see how the luxury rental market in Mumbai evolves in the coming years.
The luxury rental market in Mumbai has seen a significant surge in recent years, with many Bollywood stars and business executives opting for luxurious rented apartments. The demand for luxury rented apartments is driven by the desire for flexibility, convenience, and upscale amenities. Many luxury buildings in Mumbai offer top-notch amenities, including swimming pools, gyms, and spas, making them an attractive option for those who want to live in style.
As the luxury rental market in Mumbai continues to grow, it will be interesting to see how it evolves in the coming years. With more and more Bollywood stars opting for luxurious rented apartments, the demand for such properties is likely to increase. This could lead to a surge in rental prices, making it even more challenging for those who are looking to rent luxurious apartments in Mumbai.
