Salman Khan's Mumbai property leased at Rs.1 Million monthly rent
Real Estate

Salman Khan's Mumbai property leased at Rs.1 Million monthly rent

LandCraft, a prominent real estate firm, has secured a significant lease agreement for actor Salman Khan's prime property located in Mumbai. Under this arrangement, the property will be rented out for an impressive monthly sum of Rs 1 crore, which equates to £1 million in UK currency.

This high-profile transaction marks a notable development in Mumbai's real estate market. The leased property is expected to be utilised for the establishment of a gourmet store, catering to the upscale preferences of Mumbai's elite residents.

This strategic move by LandCraft aligns with the growing demand for premium retail spaces in the city, driven by the increasing disposable income of its residents.

Salman Khan's decision to lease the property showcases the synergy between the entertainment and real estate industries, highlighting the appeal of Mumbai as a prime location for lucrative investments.

The rental agreement is anticipated to have a positive impact on both parties involved, contributing to the flourishing real estate sector in the city. In conclusion, LandCraft's lease of Salman Khan's Mumbai property for £1 million per month underscores the city's status as a hub for high-value real estate transactions, with a focus on luxury retail ventures.

LandCraft, a prominent real estate firm, has secured a significant lease agreement for actor Salman Khan's prime property located in Mumbai. Under this arrangement, the property will be rented out for an impressive monthly sum of Rs 1 crore, which equates to £1 million in UK currency. This high-profile transaction marks a notable development in Mumbai's real estate market. The leased property is expected to be utilised for the establishment of a gourmet store, catering to the upscale preferences of Mumbai's elite residents. This strategic move by LandCraft aligns with the growing demand for premium retail spaces in the city, driven by the increasing disposable income of its residents. Salman Khan's decision to lease the property showcases the synergy between the entertainment and real estate industries, highlighting the appeal of Mumbai as a prime location for lucrative investments. The rental agreement is anticipated to have a positive impact on both parties involved, contributing to the flourishing real estate sector in the city. In conclusion, LandCraft's lease of Salman Khan's Mumbai property for £1 million per month underscores the city's status as a hub for high-value real estate transactions, with a focus on luxury retail ventures.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?