Posted By Khushi Pal
Published Apr 21, 2024

Hindustan Times
Real Estate

Bollywood stars prefer rented apartments. Here's why

Imran Khan and his girlfriend Lekha Washington recently leased a flat in Mumbai’s Bandra for…

Bollywood actor Imran Khan and his girlfriend Lekha Washington recently leased a flat in Mumbai’s Bandra area from film producer Karan Johar at a monthly rent of 9 lakh for three years.

 The three-storey apartment is located in Clefepete on Carter Road, Bandra. The actor paid a security deposit of 27 lakh on the deal.

From Katrina Kaif to Kriti Sanon, all these Bollywood stars have taken homes on rent.

In October 2021, Madhuri Dixit rented an apartment for  12.5 lakh per month for three years in Mumbai.

Vicky Kaushal and Katrina Kaif moved into a rented apartment located in Chandra Bai Nagar, Juhu, soon after their wedding in 2021. 

Kirti Sanon had taken a duplex on rent from Amitabh Bachchan for 10 lakh per month for which she had paid 60 lakh in deposit. 

Kartik Aaryan had also moved into a house owned by Shahid Kapoor for a rent of 7.5 lakh a month.

Why do Bollywood actors rent instead of buying an apartment?

Some Bollywood stars  prefer to rent because of specific individual choices such as a sea-facing view in a particular location. 

It may also be because the apartment of their choice is not available for sale. Due to their unstable incomes, some may not want to commit to a large outgo on property purchase.

Check out which actors have bought apartments to rent them out.

Bollywood actor Tiger Shroff recently bought a property for 7.5 crore in Pune and leased it immediately for 3.5 lakh per month, documents accessed by Zapkey had shown.

In 2023, Bollywood actor Ranbir Kapoor leased a residential unit located in Trump Towers in Pune for a monthly rent of around 4 lakh for three years, documents shared by Zapkey showed. 

In 2023, Salman Khan had leased a flat in Bandra West in Mumbai for a monthly rent of 1.5 lakh per month for three years. The tenant had paid a deposit of 4.5 lakh.