Filmmaker Rakesh Roshan and his wife, Pramila Roshan, have leased out their apartment in Mumbai’s JVPD area. According to property registration documents accessed by CRE Matrix, the three-year agreement could generate total rental income of around ₹1.89 crore. The property is located in Hiralaya Building on N.S. Road. The transaction adds to recent celebrity-linked residential deals in Mumbai.
Deal Details
The property is a flat located on the second floor of Hiralaya Building. Rakesh Roshan and Pramila Roshan have entered into a three-year leave and licence agreement. The agreement commenced on August 15, 2026. The transaction was registered on August 24, 2026.
The starting monthly rent is ₹5 lakh. The agreement includes a 5% rent escalation every year. The security deposit for the property stands at ₹21.75 lakh. The area of the apartment was not specified in the available property documents.
How Will the Rent Increase During the Three-Year Agreement?
During the first year, the monthly rent is ₹5 lakh. This results in an annual rental value of ₹60 lakh. In the second year, the monthly rent will increase by 5% to ₹5.25 lakh. The annual rent for the second year will therefore reach ₹63 lakh.
The rent will increase by another 5% during the third year. The monthly rent will rise to around ₹5.51 lakh. This will result in an annual rental value of approximately ₹66.15 lakh. The total rent payable over the complete three-year period is around ₹1.89 crore.
Why Does JVPD Remain a Preferred Residential Location?
JVPD remains an established residential location in Mumbai’s western suburbs. The area is close to Juhu and several other prominent neighbourhoods. It offers access to established social infrastructure and lifestyle destinations. These factors continue to support demand for premium residential properties.
The locality also remains active for high-value property transactions and lease agreements. Well-located homes can attract strong rental values in this market. Longer lease agreements also provide greater income visibility for property owners. Rakesh Roshan’s latest lease reflects this continued activity.
Recent Transactions
Celebrity-linked property transactions continue across Mumbai’s premium residential markets. Recently, Ekta Kapoor leased out her Juhu apartment for ₹36 lakh under a two-year agreement. In another transaction, Madhuri Dixit sold her Juhu apartment for ₹4.4 crore. These deals highlight continued activity across Mumbai’s premium residential market.
Rakesh Roshan’s latest lease adds another transaction to this trend. Prime residential locations continue to attract both property buyers and tenants. High-value transactions also provide insights into Mumbai’s changing property market. Such deals reflect continued activity across the city’s established residential neighbourhoods.
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