Overview

• John Abraham leased three apartments in The Sea Glimpse Co-operative Housing Society in Bandra West for a 60-month term starting in May 2025.
• The agreements set a combined monthly rent of Rs 6.3 lakh in the first year, rising to Rs 8 lakh by the fifth year.
• Rent escalates by roughly 8% annually during the first two years; it then increases by about 5% each year for the remaining three years.
• Tenants provided a Rs 36 lakh security deposit along with Rs 1,12,600 in stamp duty and Rs 1,000 in registration fees.
• Bandra West’s luxury real estate market commands premium yields from celebrity-owned complexes, underscoring the investment’s appeal.