R. Madhavan rents out Rs 17.5 crore BKC home, earns Rs 1.6 crore in 2-year lease deal

The property, which is roughly 388.55 square meters (4,182 square feet) in size, is situated in Signia Pearl, one of BKC's upscale residential developments.

Indian actor R. Madhavan and his wife Sarita have leased out a jointly owned luxury residential apartment in Mumbai’s prestigious Bandra Kurla Complex (BKC) for a starting monthly rent of Rs 6.50 lakh, as per property registration records reviewed by Square Yards on the Maharashtra government’s Inspector General of Registration (IGR) website. The leave and license agreement was formally registered in June 2025.

Located in Signia Pearl, one of BKC's upscale residential developments, the property spans approximately 388.55 square meters (about 4,182 square feet).

This transaction underscores the rising appeal of BKC not only as a financial and commercial powerhouse but also as a high-demand residential hub, thanks to its top-tier infrastructure, proximity to business centers, and excellent connectivity.

According to documents accessed by Square Yards, the rental agreement includes a security deposit of Rs 39 lakh, with stamp duty and registration charges amounting to Rs 47,000 and Rs 1,000 respectively. The lease tenure covers 24 months, beginning in the first week of June 2025, and includes a 16-month lock-in period.

The rent is set to increase by 5% in the second year—from Rs 6.50 lakh to approximately Rs 6.83 lakh per month. Over the two-year lease, the total rent value is projected to be around Rs 1.60 crore.

Madhavan and Sarita originally purchased the luxury unit in July 2024 for Rs 17.50 crore. Based on the terms of the lease, the gross rental yield is estimated to be approximately 4.5% in the first year and will rise to around 4.7% in the second—indicating a healthy return on investment within one of Mumbai’s most sought-after addresses.