Ajay Devgn and Mother Lease Juhu Bungalow for Rs 10.61 Crore
Bollywood actor Ajay Devgn and his mother, Veena Devgn, have entered into a five-year lease agreement for their 7,802-square-foot bungalow in Juhu, Mumbai. The property is expected to generate a total rental income of Rs 10.61 crore over the lease term.
Key takeaways
- Ajay Devgn and his mother have leased their Juhu bungalow for a period of five years.
- The lease agreement is projected to generate a total rental income of Rs 10.61 crore.
- The monthly rent begins at Rs 16 lakh and includes a 5% annual increase.
- Florian Hurel Salons Private Limited is the tenant for the 7,802 sq ft property.
What Happened
Bollywood actor Ajay Devgn, along with his mother Veena Devgn, has leased a bungalow located in Mumbai’s Juhu area to Florian Hurel Salons Private Limited. The five-year lease agreement was registered on August 10, 2026. The property spans 7,802.75 square feet and is situated in the JVPD Scheme area on N S Road No. 11.
The agreement stipulates a starting monthly rent of Rs 16 lakh for the first year, with a 5% annual escalation. This means the rent will increase to approximately Rs 19.45 lakh by the fifth year. The total estimated rental income from this lease over the five-year period is Rs 10.61 crore. A security deposit of Rs 48 lakh was also part of the transaction.
Background
Ajay Devgn, whose legal name is Vishal Veery Devgn, and Veena Devgn are listed as the lessors, with Mohnish Shashikant Dhavale acting on their behalf via power of attorney. The lessee is Florian Hurel Salons Private Limited, represented by Zarir Furshostre Meherji. Property registration documents indicate the bungalow was purchased on December 29, 2020, for Rs 47.5 crore. Previously, in April 2021, Ajay Devgn reportedly secured a loan of Rs 18.75 crore against this property.
Juhu is described as one of Mumbai’s prime residential areas, known for luxury housing and celebrity residences. Its appeal is attributed to its coastal location, connectivity to business hubs, and established infrastructure, contributing to sustained high property values due to limited premium land supply and consistent demand.
Key Facts
- Ajay Devgn and Veena Devgn leased a 7,802.75 sq ft bungalow in Juhu, Mumbai.
- The lease agreement with Florian Hurel Salons Private Limited is for five years.
- The total estimated rental income over five years is Rs 10.61 crore.
- The monthly rent starts at Rs 16 lakh and escalates by 5% annually.
- A security deposit of Rs 48 lakh was paid.
- The lease agreement was registered on August 10, 2026.
- The bungalow was purchased on December 29, 2020, for Rs 47.5 crore.
Sources reviewed
Project Chintan independently synthesized and analyzed information cross-checked across the sources listed above.
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