Ajay Devgn and his mom, Veena Devgn, have entered right into a five-year lease settlement for his or her sprawling bungalow in Mumbai’s Juhu, with the full rental revenue from the property estimated at Rs 10.61 crore. The small print are contained in property registration paperwork accessed by Zapkey.The depart and licence settlement was registered on August 10, 2026. The 7,802.75 sq ft bungalow is located at Kapole CHS Ltd on N S Highway No. 11 within the JVPD Scheme space of Juhu, reverse Daftary Nursing Residence. Florian Hurel Salons Non-public Restricted has taken the property on lease.Based on the registered paperwork, the bungalow has a built-up space of 724.90 sq m. The tenancy begins with a month-to-month hire of Rs 16 lakh through the first 12 months, with a 5% escalation yearly. The month-to-month rental will improve to Rs 16.8 lakh within the second 12 months, Rs 17.64 lakh within the third, Rs 18.52 lakh within the fourth and Rs 19.45 lakh within the fifth 12 months.The settlement additionally requires a safety deposit of Rs 48 lakh. The transaction attracted stamp obligation of Rs 2.71 lakh, whereas Rs 1,000 was paid in the direction of registration costs.Ajay Devgn, whose authorized identify is listed as Vishal Veery Devgn, and Veena Devgn are named because the lessors within the settlement. Mohnish Shashikant Dhavale has acted on their behalf via an influence of legal professional. Florian Hurel Salons Non-public Restricted is the lessee, with Zarir Furshostre Meherji signing as its authorised consultant.The property has beforehand been linked to a considerable mortgage transaction involving the actor. In 2021, Ajay Devgn reportedly raised a mortgage in opposition to the bungalow. Earlier reviews citing Zapkey.com said that he had acquired the property for Rs 47.5 crore and subsequently taken a mortgage of Rs 18.75 crore.The bungalow was bought on December 29, 2020, whereas the mortgage was secured on April 27, 2021, in accordance with the paperwork. Ajay Devgn paid Rs 2.37 crore in stamp obligation on the time of the transaction. The information additional point out that the property modified fingers via a switch deed moderately than a traditional sale deed.Juhu continues to be amongst Mumbai’s most sought-after residential pockets, notably for luxurious housing and movie star residences. Based on Sq. Yards, the neighbourhood advantages from its coastal location, connectivity to main business hubs and entry to established retail, hospitality, leisure and social infrastructure. The restricted provide of premium land, coupled with continued demand for upscale properties, has helped maintain excessive property values within the space.On work entrance, Ajay Devgn was final seen in ‘Dhamaal 4’.
