Hrithik Roshan’s Parents Lease Prime Andheri West Commercial Space For Rs 14.5 Lakh

Hrithik Roshan’s parents, Rakesh Roshan and Pramila Rakesh Roshan, have leased a prominent commercial property in Andheri West to Fabindia Limited for a monthly rent of ₹14.5 lakh. The agreement, registered on December 9, 2025, covers a 6,389.47 sq ft carpet area at De Mall on Veera Desai Road and includes five designated car parking slots, signalling a notable transaction in Mumbai’s premium retail real estate segment.

The five-year lease commenced on September 1, 2025, with a structured rental escalation across the term. The initial monthly rent of ₹14.5 lakh will increase to ₹15 lakh in the second year, ₹16 lakh in the third, and ₹18.4 lakh for the fourth and fifth years. Fabindia benefits from a 15-month lock-in period, while the landlords are bound by a full five-year lock-in. The security deposit has been fixed at ₹87 lakh, reflecting prevailing market norms for prime Mumbai commercial properties. Real estate analysts suggest that the lease underscores growing interest among high-net-worth individuals, including celebrities, in strategically located commercial assets. “This lease demonstrates how premium retail spaces in key Mumbai locations continue to attract established brands seeking visibility and long-term value,” an industry expert said. The transaction also highlights the shift of celebrities towards diversifying wealth through real estate investments, which offer consistent returns alongside asset appreciation.

The property’s location in Andheri West, a hub for commercial activity and upscale retail, enhances its investment appeal. Fabindia’s entry into this space aligns with the brand’s strategy of expanding footprint in high-traffic zones, combining retail presence with experiential offerings, such as curated product displays and lifestyle services. Analysts note that rental rates around ₹227 per sq ft for such premium locations reflect steady demand despite broader market fluctuations. The structured escalation mechanism also provides both tenant and landlord predictability, ensuring a balance between revenue growth and operational stability. “Commercial leases with staggered rental increments and defined lock-ins are increasingly preferred in Mumbai’s retail sector, particularly in high-value corridors like Andheri West and Bandra Kurla Complex,” a senior real estate consultant commented.

This high-profile lease, involving a well-known celebrity family and a nationally recognised retail brand, illustrates evolving dynamics in Mumbai’s commercial real estate market, where strategic location, brand alignment, and structured lease terms are key determinants of investment attractiveness. As more investors and high-profile owners participate in such deals, the city’s commercial property sector continues to demonstrate resilience and long-term growth potential.

Hrithik Roshan’s Parents Lease Prime Andheri West Commercial Space For Rs 14.5 Lakh