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Malaika Arora has rented out her apartment in Bandra West, Mumbai, for a total lease value of around INR 1.17 crore over a three-year period. The agreement starts at a monthly rent of about INR 3.10 lakh, with structured increases during the tenure. The deal was registered recently, as per official property documents accessed through the registration portal. The transaction reflects steady demand for premium rental homes in key Mumbai locations and highlights how high-value residential assets are being used to generate consistent rental income.
Malaika Arora has leased out her residential apartment in Bandra West, Mumbai, a location known for its strong demand for premium housing. The agreement, which was registered in the past few days, shows a total rental value of approximately INR 1.17 crore for a tenure of three years. Advertisement
As per the registered documents, the lease begins at a monthly rent of around INR 3.10 lakh. The agreement follows a structured format where the rent is expected to increase gradually during the tenure, a common practice in Mumbai's leave and license arrangements. This ensures a steady rise in rental income over the full lease period.
The transaction has been recorded with the Inspector General of Registration, confirming all financial and contractual details. The apartment is part of a well-developed residential area in Bandra West, which continues to attract tenants due to its connectivity, lifestyle appeal, and proximity to commercial hubs like BKC and Lower Parel.
The deal also includes a security deposit component, which is typically part of such high-value rental agreements, although the exact deposit amount was not highlighted in the available documents. The structured nature of the agreement reflects standard leasing practices followed in Mumbai's premium housing segment.
Bandra West remains one of the most active micro-markets for luxury rentals in Mumbai. Limited availability of high-quality inventory and consistent demand from professionals, expatriates, and high-income tenants have supported stable rental values in the area. In recent months, similar leasing transactions involving high-profile individuals have been recorded, indicating continued activity in this segment.
This development also comes at a time when many property owners in Mumbai are choosing to lease out their assets instead of keeping them vacant, as rental yields in prime locations have shown stability despite broader market fluctuations.
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