{"id":1238,"date":"2025-12-13T15:54:34","date_gmt":"2025-12-13T10:24:34","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=1238"},"modified":"2026-03-13T12:11:48","modified_gmt":"2026-03-13T06:41:48","slug":"hrithik-roshans-parents-lease-commercial-space-in-andheri-west-for-%e2%82%b914-5-lakh-a-month","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/hrithik-roshans-parents-lease-commercial-space-in-andheri-west-for-%e2%82%b914-5-lakh-a-month\/","title":{"rendered":"Hrithik Roshan\u2019s Parents Lease Commercial Space in Andheri West for \u20b914.5 Lakh a Month"},"content":{"rendered":"\n

Hrithik Roshan\u2019s parents, filmmaker Rakesh Roshan and Pramila Rakesh Roshan, have leased a commercial property in Mumbai to Fabindia Limited for a monthly rent of \u20b914.5 lakh, according to documents accessed by CRE Matrix. The deal reflects steady demand for premium retail spaces in established commercial locations across the city.<\/p>\n\n\n\n

The property is located at De Mall on Veera Desai Road in Andheri West, a well-known retail and commercial corridor. It offers a carpet area of 6,389.47 sq ft, with the rent working out to around \u20b9227 per sq ft. This rate aligns with current market levels for quality retail assets in the area.<\/p>\n\n\n\n

Key Lease Terms and Timeline<\/strong><\/h4>\n\n\n\n

The lease agreement was registered on December 9, 2025, and includes a security deposit of \u20b987 lakh. Fabindia Limited also received access to five car parking slots as part of the deal. The landlord handed over the premises on September 1, 2025.<\/p>\n\n\n\n

The lease runs for a period of five years. Fabindia has a lock-in period of 15 months, while Rakesh Roshan and Pramila Rakesh Roshan are committed to a full five-year lock-in. As a result, the structure offers flexibility to the tenant and long-term income visibility to the owners.<\/p>\n\n\n\n

Structured Rental Escalation<\/strong><\/h4>\n\n\n\n

The agreement clearly outlines rental escalation across the lease term. The monthly rent stands at \u20b914.5 lakh in the first year. It rises to \u20b915 lakh in the second year and \u20b916 lakh in the third year. In the fourth and fifth years, the rent increases further to \u20b918.4 lakh per month, reflecting confidence in the long-term potential of Andheri West as a retail destination.<\/p>\n\n\n\n

Celebrity Interest in Commercial Real Estate<\/strong><\/h4>\n\n\n\n

Commenting on the transaction, Abhishek Kiran Gupta<\/a>, CEO, CRE Matrix, said the deal highlights the growing interest among celebrities in commercial real estate. He noted that prime retail assets offer stable cash flows, predictable returns, and long-term value appreciation, making them an attractive wealth-building option for high-net-worth individuals.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/h2>\n\n\n\n

Recent office and commercial space deals involving celebrities show a clear shift towards income-generating real estate assets. Increasingly, high-profile investors are choosing premium retail spaces and Grade A offices to secure steady rental income and long-term capital appreciation.<\/p>\n\n\n\n

Earlier this year, Bollywood actor Manoj Bajpayee and his wife, Shabana Bajpayee, leased two commercial properties in Andheri Wes<\/a>t for a monthly rent of \u20b910.9 lakh for a five-year term, highlighting the continued appeal of Mumbai\u2019s western suburbs for commercial investments.<\/p>\n\n\n\n

Make smarter real estate decisions with CRE Matrix\u2019s data-driven insights. Book a demo now.<\/a><\/p>\n\n\n\n

Media Mention<\/p>\n\n\n\n