Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Priyanka Chopra's mother, Madhu Chopra, and brother, Siddharth Chopra, have leased their 4,800 sq ft property in Pune's Koregaon Park for INR 2.25 lakh per month. The five-year lease includes a 5% annual rent escalation, starting at INR 2.25 lakh and reaching INR 2.73 lakh by the fifth year, totaling an expected rental income of INR 1.49 crore. Purchased in August 2017 for INR 5.6 crore, the property's rental yield is projected to increase from 4.8% in the first year to 5.86% by the fifth year.
In a notable real estate transaction, Bollywood actress Priyanka Chopra's family has leased out their expansive property in Pune's upscale Koregaon Park area. The 4,800 square foot (445.9 square meters) property has been rented for a monthly sum of INR 2.25 lakh. The lease agreement was formalized in February 2025, incurring a stamp duty of INR 39,000 and registration charges of INR 1,000, as per documents from the Inspector General of Registration (IGR) reviewed by Square Yards. ? Advertisement
The lease terms include a security deposit of INR 13.5 lakh and a lock-in period of 36 months. An annual rent escalation clause of 5% is specified, with the monthly rent set to increase from INR 2.25 lakh in the first year to INR 2.73 lakh by the fifth year. Over the five-year duration, the total rental income is projected to be approximately INR 1.49 crore.
The Chopra family acquired this property in August 2017 for INR 5.6 crore. Based on the current lease agreement, the annual rental yield is calculated at 4.8% for the first year, with an anticipated rise to 5.86% by the fifth year.
This transaction highlights the family's strategic approach to real estate investment, leveraging their assets to generate substantial rental income. Koregaon Park remains one of Pune's most sought-after residential locales, known for its upscale amenities and vibrant community, making it a favorable location for such high-value property dealings.?
The leasing of Priyanka Chopra's family property in Koregaon Park underscores a prudent investment strategy, capitalizing on Pune's robust real estate market. With structured lease terms and anticipated rental yield growth, this move reflects the potential of premium properties in prime locations to offer significant returns. Such transactions contribute positively to the local real estate landscape, reinforcing Koregaon Park's status as a desirable destination for high-end residential investments.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
