R Madhavan and wife Sarita rent out Rs 17.50 crore apartment, to earn Rs 1.6 crore rent in 2 years | Bollywood News
Actor R Madhavan and his wife Sarita have given their Mumbai apartment, worth Rs 17.5 crore, on rent. The residential property, located in Bandra Kurla Complex, will draw Rs. 6.50 lakh monthly rent, as per property regration documents reviewed Square Yards. The leave and license agreement was officially regered in June, 2025.
The property will earn Rs 1.60 crore rent over a period of two years and is situated in Signia Pearl apartment complex. The rental agreement also includes a security amount of Rs 39 lakh, along with a stamp duty of Rs 47,000 and regration charges of Rs 1,000.
Madhavan bought this property, measuring 388.55 sq. m. (4,182 sq. ft.) at Rs. 17.50 crore in July 2024. Going the agreed rental terms and acquisition cost, the total rental revenue is at approximately 4.5% for the first year, escalating to 4.7% in the second year of the lease.
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The actor himself resides in Dubai where he moved along with his family during Covid to ensure that son Vedaant’s training as a swimmer was not impacted. In an interview to SCREEN, Madhavan had spoken about the move, “The larger swimming pools in Mumbai are either closed because of Covid or out of bounds. We are here with Vedaant in Dubai where he has access to large pools. He’s working towards the Olympics, and Sarita (his wife) and I are right his side”. The actor frequently travels between the two countries for his work. he had also commented about how he is blown away the quality of life in Dubai even though he remains connected with India. He is often seen hosting celebs in Dubai, including Ajith, Nayanthara and her husband Vignesh Shivan and many more.
On the work front, Madhavan was last seen in Kesari Chapter 2: The Untold Story of Jallianwala Bagh, alongside Ananya Panday and Akshay Kumar. He will next feature in Anshul Sharma’s De De Pyaar de 2, with Ajay Devgn, Rakul Preet Singh and Jimmy Shergill.
