Malaika Arora Leases Bandra West Apartment for ₹1.17 Crore Over 3 Years

• Total lease value stands at ₹1.17 crore for 3 years
• Monthly rent starts at around ₹3.10 lakh with gradual increase
• Bandra West continues to see strong demand for luxury rentals

Mumbai: Bollywood actress Malaika Arora has leased out her premium apartment in Bandra West for a total rental value of approximately ₹1.17 crore over a three-year period, according to recently registered property documents.

The lease agreement begins with a monthly rent of around ₹3.10 lakh and follows a structured escalation model, where the rent increases over time. This step-up rental format is commonly seen in Mumbai’s leave and license agreements, ensuring a steady rise in income for property owners.

The transaction has been officially recorded with the Inspector General of Registration (IGR), confirming its legal and financial details. While the agreement includes a standard security deposit component, the exact amount has not been disclosed in available records.

Located in one of Mumbai’s most sought-after residential hubs, the apartment benefits from Bandra West’s strong connectivity and lifestyle appeal. The area is well connected to major business districts such as Bandra-Kurla Complex (BKC) and Lower Parel, making it a preferred choice for corporate professionals, expatriates, and high-income tenants.

Real estate experts note that Bandra West continues to remain a high-demand micro-market for luxury rentals due to limited premium inventory and consistent tenant interest. Similar high-value rental deals involving celebrities and affluent homeowners have been recorded in recent months, indicating sustained momentum in the segment.

The deal also reflects a broader trend where property owners in prime Mumbai locations are increasingly choosing to lease out their homes instead of keeping them vacant. With rental yields remaining stable in key areas, such transactions are becoming a reliable source of income in the city’s premium housing market.