2 weeks ago
Ajay Devgn, Mother Lease Juhu Bungalow for Rs 16 Lakh
A very famous movie star from India named Ajay Devgn and his mother, Veena Devgan, have made a big property deal in Mumbai.
Mumbai is a huge city in India, and Juhu is a fancy neighbourhood by the sea where many celebrities live.
The deal is about a big bungalow, which is a large house with a garden.
Someone pays 16 lakh rupees every month for this bungalow.
One lakh is one hundred thousand rupees, so 16 lakh rupees is a very large amount.
The rent goes up a little bit every year — by five per cent.
By the fifth year, the monthly rent will be about 19.45 lakh rupees.
Over the whole five years, the rent comes to about 10.61 crore rupees.
The two news articles disagree about who pays the rent — one says Ajay and his mother will receive that money, while the other says they will pay it.
Ajay Devgn makes movies, and he will appear in a new film called Drishyam 3 in October.
Bollywood actor Ajay Devgn and his mother, film producer Veena Devgan, are party to a lease on a bungalow in Mumbai's Juhu at a starting rent of Rs 16 lakh per month.
The five-year (60-month) leave and license agreement was registered in August 2026, per documents reviewed by Square Yards on the IGR Maharashtra website.
The bungalow, in Kapol CHS Ltd., Juhu, has a built-up area of 724.90 sq m (about 7,803 sq ft), with a security deposit of Rs 48 lakh.
The lease carries a 5 per cent annual rent increase, rising to about Rs 19.45 lakh monthly by the fifth year, for a total rental value of around Rs 10.61 crore; stamp duty was Rs 2.71 lakh.
The two articles contradict each other on their role: one says they leased out the bungalow to earn rent, while the other says they took it on lease.
Ajay Devgn was last seen in Dhamaal 4 and is set to host Crime Patrol and appear in Drishyam 3, which releases on October 2.
- Who
- Bollywood actor Ajay Devgn and his mother, film producer Veena Devgan
- What
- A five-year lease on a bungalow in Juhu, Mumbai, starting at Rs 16 lakh monthly rent with 5 per cent annual escalation, worth about Rs 10.61 crore over the term
- Where
- Kapol CHS Ltd., Juhu, Mumbai, Maharashtra, India
- When
- The agreement was registered in August 2026
- Why
- Not explicitly stated; articles attribute sustained demand for high-value homes in Juhu to its beachfront western-coastline location and connectivity to commercial districts
Key facts
- Contracting parties
- Ajay Devgn and Veena Devgan (articles differ on whether they are lessors or lessees)
- Property
- Bungalow in Kapol CHS Ltd., Juhu, Mumbai
- Built-up area
- 724.90 sq m (approx. 7,803 sq ft)
- Starting monthly rent
- Rs 16 lakh
- Lease term
- 60 months (5 years)
- Annual rent escalation
- 5 per cent (approx. Rs 19.45 lakh monthly by year five)
- Total rental value
- Approx. Rs 10.61 crore
- Security deposit
- Rs 48 lakh
Sources
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