Mumbai, 30th August 2024:
Bollywood heartthrob Kartik Aaryan has made headlines once again, this time for renting out his luxurious apartment in Mumbai’s upscale Juhu neighborhood. The property, which the actor purchased in June 2024 for an impressive Rs. 17.5 crore, has been rented out at a monthly rate of Rs. 4.5 lakh, highlighting the robust demand in Mumbai’s premium real estate market.
Located in the prestigious Siddhi Vinayak Presidency Co-operative Housing Society, the apartment spans 1,912 sq. ft. (177.72 sq. m) and is known for its stunning sea views and prime location. The transaction was officially registered with a stamp duty of Rs. 42,500, reflecting the meticulous attention to detail in this high-profile deal.
Kartik Aaryan’s real estate investments have consistently demonstrated his astute financial acumen. The ‘Chandu Champion’ actor’s purchase of the Juhu property was jointly registered with his mother, Mala Tiwari, on June 30, 2024. The acquisition involved a stamp duty payment of Rs. 1.05 crore and a registration fee of Rs. 30,000, along with two dedicated car parking spaces. The rental yield on this property, according to Square Yards, stands at a noteworthy 3.1 percent.
This latest transaction is part of Aaryan’s expanding real estate portfolio. In July 2023, his parents also invested Rs. 16.5 crore in an apartment on the 8th floor of the same housing project, underlining the family’s confidence in the Juhu locality.
Juhu remains a top choice for celebrities and high-net-worth individuals, celebrated for its beachfront, vibrant atmosphere, and proximity to luxury amenities. The area’s allure has attracted many from the entertainment industry, including renowned screenwriter, poet, and lyricist Javed Akhtar, who also purchased property in the area earlier this year.
As Kartik Aaryan continues to make strides in both his career and personal investments, his latest move reinforces the ongoing strength and appeal of Mumbai’s premium real estate market.
*About Kartik Aaryan:*
Kartik Aaryan is one of Bollywood’s most sought-after actors, known for his roles in popular films such as ‘Bhool Bhulaiyaa 2’ and the upcoming ‘Bhool Bhulaiyaa 3’. He is not only a talented actor but also an astute investor, with a growing real estate portfolio in Mumbai.
