Archive · 17 Sep 2025
SEBI Leases Luxury Mumbai Apartment for Chairman
The Securities and Exchange Board of India (SEBI), the group in charge of the stock market, has leased a luxurious apartment in Mumbai for its new chairman, Tuhin Kanta Pandey.
The apartment, located in the upscale Prabhadevi area, costs ₹7 lakh per month to start, with an annual rent increase.
The lease is for three years, totaling ₹2.65 crore.
The apartment comes with four parking spots, and the SEBI office is about 30 minutes away.
This decision aligns with SEBI's board-approved policy for housing its chairman, and the rent was decided upon after valuation by a property valuer.
SEBI leased a luxury 5-BHK apartment in Prabhadevi, Mumbai, for Chairman Tuhin Kanta Pandey.
The monthly rent starts at ₹7 lakh and increases annually.
The lease agreement is for three years.
The apartment is located in the Rustomjee Crown Tower and includes four parking spots.
The lease aligns with a board-approved policy for providing housing for senior SEBI officials.
- Who
- SEBI and Chairman Tuhin Kanta Pandey
- What
- SEBI leased a luxury apartment for the chairman.
- When
- The lease was registered on September 3, 2025.
- Where
- Prabhadevi, Mumbai, Rustomjee Crown
- Why
- To provide an official residence for the SEBI chairman.
SEBI
Taxpayers
Expenditure Justification
SEBI
The expenditure is in accordance with board-approved policy for providing leased accommodation for SEBI chairman and officers.
Taxpayers
Some taxpayers may question the expense of a luxury apartment.
- Tenant
- SEBI (Securities and Exchange Board of India)
- Purpose
- Official residence for SEBI Chairman
- Location
- Prabhadevi, Mumbai
- Monthly Rent
- ₹7 lakh (starting)
- Apartment Details
- 5-BHK in Rustomjee Crown
- Lease Duration
- 3 years
- Annual Rent Escalation
- 5%
- Chairman
- Tuhin Kanta Pandey
Sources
SEBI rents luxury Prabhadevi apartment for the Chairman at ₹7 lakh a month
Mumbai Real Estate News: SEBI Rents 5-BHK Luxury Apartment In Prabhadevi For Chairman At ₹7 Lakh Per Month
SEBI to pay Rs 7 lakh/month rent for chairman Tuhin Kanta Pandey, far beyond his monthly salary - Industry News
