Ajay Devgn Rents Mumbai Office for Rs 5.47 Lakh

Mumbai’s commercial real estate market continues to attract big-ticket interest from celebrity investors, with actor and entrepreneur Ajay Devgn strengthening his real estate footprint through a fresh leasing agreement in the city’s sought-after Andheri West locality.

According to recently accessed property registration documents, Devgn has leased out a premium office space of 2,545 square feet for ₹5.47 lakh per month for a tenure of five years, adding to his expanding commercial property portfolio in the metropolis. The leased premises, located in the Signature building on Veera Desai Road, are part of a high-end commercial project known for its premium amenities and strategic accessibility. The tenancy began in May 2025 and will continue until April 2030. Registration documents confirm that the lease was formally executed on May 2, 2025, with a stamp duty of ₹85,500 and a nominal registration fee of ₹1,000. A security deposit of ₹16.42 lakh has been placed for the transaction.

The office unit leased is part of a trio of contiguous commercial spaces that Devgn acquired in April 2023, each measuring approximately 2,545 sq ft. The combined value of the three units, as per market data, stood at ₹30.35 crore, pegging each unit at around ₹10.12 crore. Based on the agreed rental value and acquisition cost, real estate analysts estimate a rental yield of 6.5% in the first three years of the lease term, which is expected to rise to 7.5% in the final two years, post an agreed rent escalation to ₹6.29 lakh monthly. Industry insiders note that this lease deal is a continuation of Devgn’s methodical and strategic investment approach in Mumbai’s growing Grade-A commercial spaces. The Signature building itself has become a notable hub for creative and business professionals, with proximity to major production houses, corporate offices, and social infrastructure in the western suburbs. This is reflective of the actor’s ongoing commitment to diversifying investments while aligning with growth corridors in Mumbai’s real estate market.

In total, Ajay Devgn has acquired five office units in the Signature building, which collectively span over 13,000 sq ft across the 16th and 17th floors. These units are accompanied by 14 parking slots, signalling a premium investment in both real estate and commuter convenience. The scale of this investment—totalling ₹45.9 crore—underscores his confidence in Mumbai’s commercial property sector amid ongoing shifts in work culture and space demand. While neither Devgn nor the current tenant, Bombay Design Centre Private Limited, have issued public statements on the lease, the transaction follows a series of similar deals executed by the actor in recent months. In June 2024, Devgn was reported to have leased over 4,200 sq ft in the same Signature tower for ₹9 lakh per month. Later that year, in September, he signed another commercial lease for a 3,455 sq ft unit at ₹7 lakh monthly. These sequential moves have positioned him as a significant landlord in the western suburbs’ commercial leasing landscape.

Also in September 2024, Devgn renewed a lease agreement for two commercial office units totalling 1,500 sq ft in Andheri, continuing a partnership with Saraswat Co-operative Bank Limited. This renewal extends the lease from December 2023 to December 2028, building on a prior term that spanned five years. Market experts point out that the consistent interest from high-profile individuals like Ajay Devgn not only reinforces market sentiment but also adds a layer of visibility and credibility to the city’s premium office zones. These investments contribute to the vitality of Mumbai’s urban ecosystem, encouraging more structured and sustainable commercial developments.

However, as urbanisation intensifies, there is growing public interest in how these real estate ventures align with sustainable city planning. Experts emphasise the need for energy-efficient building practices, inclusive design, and green certifications to ensure that such developments contribute positively to Mumbai’s long-term ecological goals. While details about the environmental credentials of the Signature building are not public, its increasing popularity among leading business and entertainment professionals signals a shift towards more consolidated, well-serviced, and strategically located workspaces. This trend is especially relevant as Mumbai looks to redefine its urban planning priorities to meet sustainability benchmarks and support equitable economic development.

As real estate continues to evolve alongside shifting urban dynamics, Ajay Devgn’s calculated investments mirror a broader trend among high-net-worth individuals exploring asset diversification in premium, rent-yielding properties. With Mumbai’s office demand showing signs of resilience despite economic uncertainties, the latest lease underscores both optimism and long-term vision in the city’s real estate corridors. Whether these investments will influence broader adoption of sustainable practices in commercial realty remains to be seen. Still, the involvement of public figures like Devgn brings renewed focus to responsible urban development—a shift that could prove vital for cities aiming to become greener, more inclusive, and economically resilient.

Ajay Devgn Rents Mumbai Office for Rs 5.47 Lakh