Bollywood actor Ranbir Kapoor has recently leased his luxurious apartment in Pune's Trump Towers for an impressive monthly rent of Rs. 4 lakhs. The apartment was leased to Duroshox, a leading company in suspension solutions, for a 36-month period. The lease agreement includes an annual rent escalation. This move reflects a growing trend among celebrities to invest in premium real estate, with stars like Shahid Kapoor and others, making real estate investment a prominent choice in the industry.
The “ Yeh Jawani Hai Deewani” actor Ranbir Kapoor has recently made headlines for leasing out his luxurious apartment in Pune’s lavish Trump Towers at a substantial monthly rent of Rs. 4 Lakhs.
The apartment is spread over a large carpet area of 6094 square feet and is situated on the 10th floor of one of the sumptuous 23 storeyed Trump Towers located at Yerwada, Pune. The Trump Towers are well-known for their upscale amenities and extravagant architecture.
Tenancy of the apartment has been leased to the company Duroshox for a rental period of 36 months. According to a clause included in the registration documents assessed by Zapkey, the monthly rent is to be escalated to Rs. 4.2 lakhs in the second year and Rs. 4.41 lakhs in the third year.
The company Duroshox is a leader in the area of vibration isolation, motion control, comfort, damping and suspensions. They are global suppliers of suspension solutions to various large Original Equipment Manufacturers.
Similarly earlier this year, Actor Shahid Kapoor leased out his Juhu apartment to fellow actor Kartik Aryan for Rs. 7.5 Lakhs. The “Kabir Singh” star’s sea-facing apartment reportedly spreads across 3681 square feet and is located in the Praneta building on Juhu Tara Road. The lease agreement indicates an annual rent-escalation of 7%.
Ranbir Kapoor's choice to rent out this luxurious apartment showcases the growing trend of celebrities' penchant for premium real estate as investment opportunities. Several Bollywood celebrities have leased out their properties, notably, actors Salman Khan, Saif Ali Khan, Amitabh Bachchan and filmmaker Karan Johar to name a few.
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