R Madhavan's BKC apartment fetches stunning rent
Actor and filmmaker R Madhavan, known for hits like 3 Idiots, has leased out his swanky apartment in Mumbai's Bandra Kurla Complex (BKC) to BP Exploration (Alpha) Limited.
The flat sits in Signia Pearl, a high-end tower right in the city's financial hub.
Details of the lease agreement
Madhavan and his wife Sarita bought the spacious 4,182 sq ft apartment for ₹17.5 crore in July 2024.
They're now renting it out for two years—starting at ₹6.5 lakh per month, with a bump to about ₹6.83 lakh in year two.
The lease comes with a 16-month lock-in period and a security deposit of ₹39 lakh.
Total rent over 2 years adds up to ₹1.6 crore
The total rent over two years adds up to around ₹1.6 crore, giving Madhavan an initial return of roughly 4.5%, rising slightly next year.
With BKC booming as Mumbai's top financial hotspot and its great connectivity, this property is only getting more valuable—and clearly catching big corporate attention too.