Shahid Kapoor joined the list by renting out his premium apartment in Mumbai’s posh Three Sixty West, Worli, a high-end residential project by Oberoi Realty.
Shahid Kapoor’s Luxury Property in Three Sixty West.
A High-Value Investment: Shahid Kapoor and his wife, Mira Rajput, purchased this luxurious apartment in May 2024 for a whopping ₹58.6 crore. The property offers spacious living in Mumbai’s sought-after area of Worli, featuring both 4 and 5 BHK apartments spread across 1.58 acres.
About the Property: Located in the iconic Three Sixty West, the apartment boasts a carpet area of 5,395 square feet and a built-up area of approximately 6,175 square feet. Designed with premium amenities, this residence includes three dedicated car parking spaces, which is a valuable addition in Mumbai’s crowded real estate scene.
Rental Agreement Details and Earning Potential
Monthly and Annual Rent: Shahid’s rental agreement is set for a period of 60 months (5 years) at an initial monthly rent of ₹20.5 lakh. Over time, the rent will increase to ₹23.98 lakh per month, yielding an annual income of approximately ₹2.46 to ₹2.87 crore.
Security Deposit and Rent-Free Period: The agreement includes a significant security deposit of ₹1.23 crore and a 10-month rent-free period, which is a strategic advantage for the tenant, Dipan Bhuptani, a senior executive at D’Decor Home Fabrics.
Rental Yield: According to Square Yards, the property is expected to generate a gross rental yield of 4-5%, which is an attractive return in Mumbai’s luxury real estate market.
Why Are Bollywood Celebrities Renting Out Their Properties?
Renting out high-end properties provides a steady income stream, contributing to financial security outside of their main careers. For Shahid, this rental agreement represents an opportunity to leverage his real estate investment, generating substantial passive income over five years.
Shahid Kapoor’s Current Projects and Career Evolution
While his property investment is making headlines, Shahid’s career continues to thrive. Known for his versatile roles, Shahid Kapoor has evolved from the “chocolate boy” roles of his early career to more intense, complex characters like those in Kabir Singh and Haider.
His latest appearance was in Teri Baaton Mein Aisa Uljha Jiya, and he is set to return in Deva, scheduled for release on February 14, 2025. Shahid also debuted on OTT platforms with the successful series Farzi in 2023, marking a new phase in his acting journey.
Conclusion and Call-to-Action
Shahid Kapoor’s real estate decision highlights the smart financial moves Bollywood stars make to grow their wealth. With consistent rental yields and a strategic location, this property in Three Sixty West stands as a wise investment, providing Shahid with both financial gains and flexibility for the future.
If you’re interested in learning more about celebrity real estate investments or exploring similar high-yield properties, stay updated with our blog. Curious about the top real estate investments in Mumbai? Contact our real estate experts today!
Source – Internet
