Ajay Devgn leases office space in Andheri West, Mumbai, for a monthly rent ₹9 lakh.

Ajay Devgn has rented out the office space located in a building called Lotus Signature in Veera Desai Road Extension, Andheri West, Mumbai. Ajay Devgn has leased an office space in Andheri West in Mumbai for a monthly rent of ₹9 lakh for five years, documents accessed by Propstack showed. The lease agreement was registered on May 31, 2024. The property is registered in the name of Vishal Virendra Devgan, whose screen name is Ajay Devgn. The Bollywood star has rented the office premises to MMM Media Works LLP, a Hyderabad-based firm. The office space is located in a building called Lotus Signature in Veera Desai Road Extension, Andheri West, Mumbai, the documents showed. The size of the commercial space is 4209 sq ft and it comes along with three car parks, the documents showed. The actor did not respond to the queries sent by HT Digital. Why do Bollywood stars invest in commercial properties? Several Bollywood stars have invested in commercial properties instead of residential ones for better rental yield. Ajay Devgn had purchased five office units in Andheri West in Mumbai for ₹45.09 crore last year in April. The value of the three units located on the 16th floor was ₹30.35 crore and the stamp duty paid was ₹1.82 crore. The combined built-up area of the units was 8,405 square feet, registration documents showed. Devgn had also purchased two office units on the 17th floor of the same building spread across 4,893 square feet (built-up area) for ₹14.74 crore, on which stamp duty of ₹88.44 lakh was paid, according to registration documents. Properties bought by Devgn in the past Three years back, Devgn had bought a bungalow in Juhu in Mumbai for ₹47.5 crore for which he had taken a loan of ₹18.75 crore. Devgn’s wife, actress Kajol Devgan, had also purchased an apartment in Mumbai for ₹16.5 crore last year.