Mumbai: Malaika Arora has leased out a residential apartment in Mumbai’s premium locality of Bandra West for a total rental value of ₹1.17 crore over a three-year period, according to property registration records accessed via the Inspector General of Registration (IGR) portal and reviewed by Square Yards.
The lease agreement, officially registered in March 2026, outlines a starting monthly rent of ₹3.10 lakh. The rental value escalates annually, reflecting a structured 5% increase. The tenant will pay approximately ₹3.25 lakh in the second year, while the third-year rent continues the upward trend, contributing to the cumulative deal value.
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The transaction also includes a security deposit of ₹20 lakh, along with stamp duty charges of ₹30,819 and registration fees of ₹1,000, as per official documents.
The apartment is located in the Vida residential building in Bandra West—one of Mumbai’s most sought-after real estate micro-markets. Known for its blend of luxury residences, heritage properties, and modern infrastructure, Bandra West continues to attract high-net-worth individuals, celebrities, and investors.
Often referred to as the “Queen of the Suburbs,” Bandra West offers seamless connectivity through major infrastructure corridors including the Western Express Highway and the Bandra-Worli Sea Link. Its proximity to business districts such as Bandra Kurla Complex (BKC), Lower Parel, and Andheri enhances its residential appeal among working professionals and entrepreneurs.
In addition to strong connectivity, the locality is known for its vibrant social ecosystem, featuring premium dining outlets, boutique retail spaces, and popular recreational zones like Carter Road and Bandstand.
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This transaction highlights the sustained demand for high-value rental assets in Mumbai’s luxury housing segment, particularly in celebrity-driven micro-markets such as Bandra West.
