Ajay Devgn Leases Juhu Bungalow For ₹16 Lakh Monthly

Bollywood actor Ajay Devgn and his mother, film producer Veena Devgan, have taken a bungalow on lease in Mumbai's Juhu area at a starting monthly rent of ₹16 lakh. The details emerged from property registration documents reviewed by real estate platform Square Yards.

The leave and license agreement was registered in August 2026 and covers a bungalow in Kapol CHS Ltd., Juhu, with a built-up area of 724.90 sq m. The agreement includes a security deposit of ₹48 lakh, while the stamp duty was ₹2.71 lakh and registration charges stood at ₹1,000.

According to Square Yards' analysis of the registration documents, the 60-month lease comes with an annual rent increase of 5 per cent. The monthly rent begins at ₹16 lakh during the first year and rises to approximately ₹19.45 lakh by the fifth year. The total rental value over the entire five-year period is estimated at around ₹10.61 crore.

Juhu continues to rank among Mumbai's most sought-after residential neighbourhoods, particularly for luxury homes and celebrity properties. Its location along the city's western coastline offers access to the beachfront while also providing connectivity to major commercial and business hubs.

The neighbourhood has strong social infrastructure, along with high-end retail, hospitality and entertainment options. Limited availability of premium land, combined with steady demand for luxury housing, has helped keep property prices and rents elevated in the area.

Ajay Devgn, an actor, filmmaker and producer, made his Hindi film debut with Phool Aur Kaante in 1991. He has built a career spanning commercial successes and critically acclaimed performances. His notable films include Dilwale, Zakhm, Company, The Legend of Bhagat Singh, Omkara, Singham, and Drishyam.

He was last seen in Dhamaal 4 and will next be seen as a host of Crime Patrol. Ajay will also be seen in Drishyam 3, which is set to hit the big screens on October 2.

The leasing of the bungalow in Juhu is a significant transaction in Mumbai's luxury property market. It highlights the ongoing demand for high-end properties in the city, particularly in premium locations like Juhu.

In conclusion, the leasing of the bungalow in Juhu by Ajay Devgn and his mother is a notable development in Mumbai's real estate market. It underscores the appeal of Juhu as a premium residential location and the ongoing demand for luxury properties in the city.