7 hrs ago

Ajay Devgn’s Juhu Bungalow Lease Sparks Housing Society Dispute

Ajay Devgn’s Juhu Bungalow Lease Sparks Housing Society Dispute
Why Residents Are Upset About Ajay Devgn's Bungalow · rediff.com

Ajay Devgn owns a bungalow in Juhu, Mumbai.

He rented it to a company that operates salons.

The local housing society says the neighborhood is meant only for homes.

Residents worry that salon customers could cause parking problems.

They also fear more unknown visitors could affect security and privacy.

The society says its approval allowed the property to be leased but required other official permissions for its use.

Devgn Group says those permissions were obtained.

The five-year agreement starts at Rs 16 lakh in monthly rent and increases each year.

The disagreement is about whether the bungalow can legally be used for business.

Key facts

Property size
7,802.75 square feet
Property location
N S Road No 11, JVPD Scheme, Juhu, Mumbai
Tenant
Florian Hurel Salons Private Limited
First-year rent
Rs 16 lakh per month
Annual escalation
5 percent
Security deposit
Rs 48 lakh
Original acquisition
Devgn acquired the property for Rs 47.5 crore in 2020

Quotes

Atul Barot

Chairman of the Kapole Cooperative Housing Society

“The society is entirely residential with all 32 plots allotted for bungalow use. Plot S-10 is on a narrow road and if it is used for commercial purposes, parking will become a major issue. There will also be a regular influx of unknown visitors, affecting residents' privacy and security.”
rediff.com

Sources

Related news