Mumbai’s real estate market continues to witness high-value celebrity transactions, and the latest one involves Bollywood actress Sara Ali Khan. The actress has leased out her premium bungalow in Andheri West for school-related activities, with the total deal value reaching an impressive ₹4.14 crore.
This development not only highlights the earning potential of celebrity-owned properties but also reflects a rising trend of institutional leasing in residential spaces.
Property Details: Location, Size & Tenant
Sara Ali Khan’s bungalow is located in the Belscot Co-operative Housing Society in Andheri West’s Lokhandwala Complex, one of Mumbai’s most premium residential pockets.
Tenant: Prodigy Montessori India Pvt. Ltd.
Usage: School-related activities
Agreement registered: March 27, 2026
The deal clearly indicates how educational institutions are now exploring large residential properties for operational use in prime locations.
Lease Structure & Rental Breakdown
The lease agreement spans 5 years (60 months) with a structured rent escalation model.
Starting rent: ₹6.5 lakh/month
Year 3: ₹6.82 lakh/month
Year 4: ₹7.16 lakh/month
Year 5: ₹7.52 lakh/month
Total deal value: ₹4.14 crore
Security deposit: ₹20 lakh
Lock-in period: 3 years (starting May 1, 2026)
This step-up rental model ensures steady income growth for property owners, making such deals attractive investments.
Why the Property Will Be Used for School Activities
The agreement clearly states that the bungalow will be used only for educational purposes, specifically for a Montessori school setup.
Interestingly, certain restrictions are also in place:
Limited vehicle movement inside the society
Controlled operations to maintain residential harmony
This reflects how residential societies are adapting to mixed-use demands while maintaining balance.
Andheri West: A Hotspot for High-Value Rentals
Andheri West remains one of Mumbai’s most sought-after real estate markets due to:
Strong connectivity via Link Road and nearby hubs
Proximity to film studios, corporate offices, and educational institutions
A mix of residential and commercial demand
The area offers consistent rental demand and attractive yields, especially for large-format properties.
Market Insight: What This Deal Means
1. Rise of Institutional Leasing
Schools, startups, and organizations are increasingly leasing large residential spaces instead of commercial units.
2. Celebrity Real Estate as Passive Income
Bollywood celebrities are leveraging real estate for stable, long-term rental income.
3. Demand for Premium Locations
Areas like Andheri West continue to attract high-value tenants due to strategic location advantages.
Conclusion
Sara Ali Khan’s ₹4.14 crore bungalow lease in Andheri is a strong example of how Mumbai’s real estate market is evolving beyond traditional usage. With residential properties being repurposed for institutional needs, and celebrities capitalizing on premium assets, this trend is expected to grow further.
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