Bollywood actor Ajay Devgn, identified in the document as Ajay alias Vishal Veeru Devgan, and his mother Veena Devgan have finalized a five-year lease agreement for their bungalow in Mumbai's upscale Juhu area. The property has been leased to Plurison Hotels & Resorts Private Limited, with the official registration completed on August 10, 2026.
The agreement specifies an initial monthly rent of ₹16 lakh, which is set to increase progressively each year throughout the lease term. This high-value transaction further highlights the premium real estate market in Mumbai's Juhu neighborhood.
Lease Details and Financials
According to the registered document, the bungalow, located at S-10 on N.S. Road No. 11 in the Juhu Vile Parle Development Scheme, spans 724.90 square metres. The rental structure outlines a significant annual escalation:
- First Year: ₹16 lakh per month
- Second Year: ₹16.80 lakh per month
- Third Year: ₹17.64 lakh per month
- Fourth Year: ₹18.52 lakh per month
- Fifth Year: ₹19.44 lakh per month
In addition to the escalating rent, the lease includes an interest-free refundable security deposit of ₹48 lakh. The registration process for this transaction incurred a stamp duty of ₹2,71,500 and a registration fee of ₹1,000, underscoring the legal and financial commitment involved in such a prominent property deal.
Parties Involved in the Agreement
The lease agreement records Ajay Devgn and Veena Devgan as the lessors, represented by an authorized power of attorney holder. Plurison Hotels & Resorts Private Limited is named as the lessee, with an authorized signatory completing the documentation. This transaction reflects the ongoing trend of high-profile real estate movements involving celebrities and corporate entities in prime Mumbai locations.