Bollywood actor Kajol Devgan has leased out a premium retail space in Goregaon West, Mumbai, through a long-term agreement valued at ₹8.6 crore over nine years. The commercial unit is located in the Bharat Arize project, a modern mixed-use development in one of Mumbai’s rapidly growing western suburbs. The property has a carpet area of 1,817 sq ft and includes one designated parking slot. The lease was formally registered in November 2025, as per official documentation.
According to the terms of the agreement, the monthly rent for the first three years has been set at ₹6.9 lakh. The contract includes scheduled rent escalations of 15% every three years, increasing the monthly payout to approximately ₹7.9 lakh during the second phase and around ₹9.13 lakh in the final phase. In addition to rental income, the agreement also includes a security deposit of ₹27.61 lakh, along with applicable stamp duty and registration charges.
Kajol had purchased this retail unit earlier in March 2025 for ₹28.78 crore, reflecting her continued interest in commercial real estate opportunities. The new lease agreement enables her to generate steady, long-term income from a high-demand retail asset located in one of Mumbai’s key micro-markets.
Goregaon West has emerged as a strong commercial and residential destination due to its strategic connectivity and evolving infrastructure. The area benefits from easy access to the Western Express Highway, Link Road, SV Road, and the suburban railway network. With expanding metro routes and proximity to major business hubs such as Andheri, Malad, and the Oshiwara District Centre, Goregaon West is increasingly sought after by retailers, banks, and corporate occupiers.
The lease deal highlights the rising appeal of high-street retail spaces in Mumbai’s western corridor and showcases the growing trend of investors monetising premium commercial properties. With consistent real estate demand and improved infrastructure, Goregaon West is positioned to remain a preferred location for both investors and long-term commercial tenants.
Also Read: Maharashtra Approves Iconic City Plan and MHADA Redevelopment
