Bollywood actress Sara Ali Khan has leased out a premium bungalow in Mumbai’s Andheri West to an educational institution in a structured five-year agreement, according to property registration documents accessed by CRE Matrix. The transaction was registered on March 27, 2026, highlighting continued institutional interest in large-format residential assets across key city micro-markets.
The bungalow, located in Belscot Co-operative Housing Society in the Old Lokhandwala Complex, has been leased to Prodigy Montessori India Private Limited. The starting monthly rent is ₹6.5 lakh. The property spans around 4,500 sq ft, translating to a rental value of ₹144.44 per sq ft.
Deal Structure and Rental Escalation
The lease spans 60 months, with a lock-in period of 36 months starting May 1, 2026. The agreement follows a step-up rental structure. It starts at ₹6.5 lakh per month for the first two years and increases from the third year. Thereafter, the rent rises to ₹6.82 lakh in year three, ₹7.16 lakh in year four, and ₹7.52 lakh in year five. This structured escalation takes the total rental outgo over the tenure to approximately ₹4.14 crore. The tenant has also paid a security deposit of ₹20 lakh as part of the agreement.
Property Use: Exclusive School Operations
The agreement specifies that the tenant will use the property strictly for school-related activities. This clearly indicates a growing trend of residential-to-institutional conversions in Mumbai’s premium neighbourhoods. At the same time, the contract outlines clear operational conditions to maintain the residential character of the society. It restricts the entry of vehicles such as cars, buses, and vans within the premises. It also mandates that all student pick-up and drop-off activities take place outside the complex. The tenant must also comply fully with society rules and applicable municipal regulations.
Location Advantage: Andheri West
Andheri West remains one of Mumbai’s most sought-after micro-markets due to its strong connectivity and established ecosystem. The location offers easy access to Versova, JVPD, and Link Road. It also benefits from its proximity to production houses, corporate offices, and educational hubs. A diverse mix of bungalows, high-rise developments, and commercial spaces continues to support sustained demand across occupier segments.
Recent Transactions
Recent real estate activities highlight how celebrities are actively participating in commercial property transactions. High-value deals involving premium assets reflect strong demand from occupiers. Actors are increasingly monetising real estate through structured, long-term agreements across key urban micro-markets.
In a recent transaction, Hrithik Roshan’s parents, filmmaker Rakesh Roshan and Pramila Rakesh Roshan, leased a commercial property in Andheri, Mumbai, to Fabindia Limited for a monthly rent of ₹14.5 lakh. In another transaction, actor Bobby Deol and his wife, Tania Deol, acquired multiple office units worth over ₹15 crore in Andheri West.
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