Bollywood actor Ranbir Kapoor has rented out his luxury apartment in Pune’s Trump Towers at monthly rentals of Rs 4 lakh for a total tenure of 36 months.
The apartment on the 10th floor of one of the towers of Trump Towers in the city’s Kalyani Nagar locality is spread over nearly 6,100 sq ft.
The actor has rented the apartment to a Pune-headquartered company Duroshox that provides suspension and motion control solutions to automobile Original Equipment Manufacturers (OEMs).
The rent agreement includes an escalation clause to increase the monthly rental amount to Rs 4.2 lakh in the second year and to Rs 4.41 lakh during the third year. The agreement was registered on September 15, showed the document accessed through Zapkey.com.
Duroshox has paid Rs 24 lakh as an upfront refundable security deposit for the registration of this rental transaction.
ET’s email query to Ranbir Kapoor’s team remained unanswered until the time of going to press. Duroshocks could not be reached for a comment.
Trump Towers Pune comprises two glass facade towers of 23 storeys each, with 46 luxury apartments. Located in Kalyani Nagar, Trump Towers Pune features one sprawling residence on each floor. These ready-to-move-in Trump-branded residences, designed by Italian interior designer Matteo Nunziati, offer a 360-degree view of the city.
Real estate has remained one of the most preferred investments for high networth individuals. Bollywood personalities have also been picking up properties not only for self-use but also as an investment.
Several Bollywood actors, producers and directors including Amitabh Bachchan himself, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai have invested in properties.
Many deals of high-end luxury properties acquired by Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhat, Disha Patani, and Janhvi Kapoor have also been reported in the last few quarters. Most of these properties are usually acquired for the investment purpose with rental yield as a key factor.
Published On Sep 20, 2023 at 07:30 PM IST
Join the community of 2M+ industry professionals
Subscribe to our newsletter to get latest insights & analysis.
We provides services in the real estate market catering to residential & commercial buyers and sellers, financiers & investors. Our expert advisory will help to fulfil the requirement of our customers & associates.