madhuri dixit has taken a 731 square-foot commercial unit at One Lodha Place, Lower Parel, on a five-year lease for a cumulative rent of Rs 2. 81 crore, the lease registered on 27 March 2026 (ET). The agreement covers a 60-month term, includes one car parking space and a security deposit. Property registration documents filed with the Inspector General of Registration record the financial terms.
Deal details and registration
Property registration documents filed with the Inspector General of Registration show the carpet area as 731 sq ft and the lease tenure as 60 months. The cumulative rent over the five-year term is Rs 2. 81 crore, and the agreement was registered on 27 March 2026 (ET). The registration notes a stamp duty payment of Rs 72, 600 and registration charges of Rs 1, 000, and it lists a security deposit of Rs 17 lakh.
Madhuri Dixit: rent schedule, parking and charges
The registered lease sets the initial monthly rent at Rs 4. 25 lakh in year one, with a 5% annual escalation thereafter. The monthly rent rises to Rs 4. 46 lakh in year two, Rs 4. 68 lakh in year three, Rs 4. 91 lakh in year four and Rs 5. 16 lakh in year five, producing the stated cumulative rental value of Rs 2. 81 crore over five years. The unit includes one car parking slot as part of the agreement.
Local context and immediate implications
Lower Parel remains a sought-after commercial micro-market within Mumbai, and the deal locates the unit within One Lodha Place. The structure of an upfront security deposit, fixed annual escalations and documented stamp duty and registration charges follows standard commercial leasing mechanics recorded in the Inspector General of Registration files.
What’s next for the space and the market
With the lease formally recorded on 27 March 2026 (ET), the next steps include implementation of the rent schedule and activation of the parking entitlement and security deposit terms as laid out in the registration documents. Market observers will watch whether similar short‑term commercial leases in Lower Parel follow comparable escalation and deposit patterns; any future registrations will be logged with the Inspector General of Registration for verification. For now, the registered agreement confirms that madhuri dixit has secured the unit under the specified five‑year terms.
