Reel Estate Returns: Rakesh and Pramila Roshan Lease Mumbai Flat for ₹1.89 Crore

Backed by official property registration documents, Bollywood veterans Rakesh and Pramila Roshan have secured a high-value three-year lease on their Mumbai residence.

Expanding Portfolio Activity in Mumbai's JVPD Scheme

The property portfolio of Bollywood's prominent cinematic family has expanded with a fresh real estate transaction. According to official property registration documents accessed via data analytics firm CRE Matrix and reported by Hindustan Times and the Times of India, filmmaker Rakesh Roshan and his wife, Pramila (Pinkie) Roshan—parents of Bollywood star Hrithik Roshan—have officially leased out their residential apartment.

The property is situated on the second floor of the Hiralaya Building along N.S. Road within the affluent Juhu-Vile Parle Development (JVPD) Scheme in Mumbai. The formal lease agreement was registered on August 24, 2026, with the official tenancy term commencing retroactively on August 15, 2026, to tenant Asavari Rajopadhye.

Financial Breakdown of the Lease Agreement

The transaction details outline a structured rental model featuring progressive annual increases. According to state registration filings and reports published via Free Press Journal and India.com, key parameters of the agreement include:

• Initial Monthly Rent: Set at ₹5 lakh for the first year of the tenure, generating an annual rental of ₹60 lakh.

• Annual Rent Escalation: A mandated 5% increase taking effect in the second and third years.

• Tiered Rental Growth: Monthly rent climbs to ₹5.25 lakh (annualized at ₹63 lakh) in year two, and further rises to approximately ₹5.51 lakh (annualized at ₹66.15 lakh) in year three.

• Total Value & Security Deposit: The cumulative three-year rental payout totals approximately ₹1.89 crore, supported by an upfront security deposit of ₹21.75 lakh.

Why It Matters

The practical implications of high-value celebrity real estate transactions reflect the sustained strength of premium housing markets in prime western Mumbai suburbs like JVPD. For investors and market analysts, consistent rental yields and annual escalations in established entertainment hubs demonstrate strong liquidity and high demand for luxury residential properties among established families.

Key Facts at a Glance

• Property Owners: Filmmaker Rakesh Roshan and Pramila (Pinkie) Roshan.

• Location: Hiralaya Building, JVPD Scheme, Mumbai.

• Lease Duration: Three years, starting August 15, 2026.

• Total Rental Value: Approximately ₹1.89 crore inclusive of annual escalations.

FAQ Section

What is the total rental value of Rakesh and Pramila Roshan’s JVPD apartment lease?

According to official registration documents, the three-year lease is valued at approximately ₹1.89 crore.

How much is the starting monthly rent for the property?

The agreement establishes an initial monthly rent of ₹5 lakh for the first year of tenancy.

Does the lease agreement include annual rent increases?

Yes, the contract incorporates a 5% annual escalation clause that raises the monthly rent in both the second and third years.

Where can readers find verified details regarding celebrity real estate deals in Mumbai?

Transaction specifics are typically obtained through public property registration archives and verified real estate analytics firms like CRE Matrix and SquareYards, as reported by outlets such as Hindustan Times.

Source: Hindustan Times, Times of India, Free Press Journal, India.com