Sara Ali Khan and her mother, Amrita Singh, have leased a 2,545 sq ft commercial office space in Mumbai’s Andheri West to AI studio firm Upsurge Labs LLP for five years, at an initial monthly rent of ₹5.85 lakh. According to property registration documents accessed by CRE Matrix, the agreement covers a total rental commitment of ₹3.76 crore over the tenure.
Where Is the Office Space Located?
The commercial unit is located in the Signature building on Veera Desai Road in Andheri West, a prominent commercial locality in Mumbai. The property has a RERA carpet area of 2,545 sq ft and comes with three dedicated car parking spaces.
Upsurge Labs LLP, an AI studio firm, has taken the premises on lease.
What Are the Key Details of the Lease Agreement?
The parties registered the leave and licence agreement on September 29, 2026, for a tenure of 60 months, commencing on October 1, 2026. The 2,545 sq ft office unit includes three car parking spaces. The agreement sets the initial monthly rent at ₹5,85,350 and the security deposit at ₹35,12,100. It also provides for a rent-free period from October 1 to November 30, 2026, to facilitate fit-out work, with rent payments beginning on December 1, 2026.
Furthermore, the agreement stipulates an annual rent escalation of 5%, taking the total rental commitment over five years to ₹3.76 crore. Based on the initial monthly rent and the stated RERA carpet area, the transaction translates to approximately ₹230 per sq ft per month, before accounting for the annual escalation.
How Does This Deal Compare With Saif Ali Khan’s Recent Commercial Lease?
The transaction follows another commercial property deal involving Sara Ali Khan’s father, actor Saif Ali Khan. He recently leased two commercial units spanning 5,692 sq ft of RERA carpet area on Andheri Kurla Road in Mumbai to Durva Fintech Private Limited for a monthly rent of ₹22.76 lakh, according to property registration documents accessed by CRE Matrix.
The five-year leave and licence agreement was registered on September 29, 2026. The lease covers the period from May 10, 2026, to May 9, 2031. Compared with Sara Ali Khan and Amrita Singh’s transaction, Saif Ali Khan’s deal involves a larger commercial area and a substantially higher monthly rental commitment.
Why Are Bollywood Celebrities Investing in Commercial Real Estate?
Bollywood celebrities have increasingly featured in commercial real estate transactions, either by acquiring income-generating properties or leasing their existing assets to businesses. Such investments can provide a recurring rental income stream while allowing property owners to retain ownership of their real estate assets.
Moreover, commercial leases with defined tenures and contractual rent escalations can offer greater visibility into future rental income. For businesses, meanwhile, leasing provides access to office space without the substantial upfront capital required to purchase a property.
Consequently, celebrity-linked commercial property transactions offer an interesting perspective on Mumbai’s office leasing market, where location, rental rates, lease tenure, and tenant profile play important roles in determining a deal’s financial structure.
Recent Transactions
Recent celebrity-linked commercial real estate transactions highlight how actors and other prominent personalities generate rental income by leasing office spaces and other commercial properties. These deals also offer insights into rental values, tenant demand, and investment opportunities across India’s commercial property market.
In a recent transaction, actor Ronit Bose Roy has leased a commercial office in Mumbai’s Andheri West for a total rent of ₹1.39 crore over five years. In another transaction, Sonu Nigam has purchased two commercial units in Mumbai’s Andheri West for a total consideration of ₹16 crore.
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