In a notable commercial real estate move, actor and producer Ajay Devgn has leased one of his premium office units in Mumbai’s Andheri West to Bombay Design Centre. The lease spans five years, beginning in May 2025 and running through April 2030.

The 2,545 sq. ft. office, part of a trio of adjacent units Devgn purchased in April 2023 for ₹30.35 crore, has been rented for a starting monthly rent of ₹5.47 lakh. As per the rental agreement reviewed by Square Yards and registered with the Inspector General of Registration (IGR), the rent is locked at ₹5.47 lakh for the initial three years. It will then escalate to ₹6.29 lakh per month for the remaining two years.

The lease includes a standard fit-out period and a security deposit of ₹16.42 lakh. Registration charges for the deal stood at ₹1,000, while stamp duty was ₹85,500, underscoring the scale and formality of the transaction.

Based on the current rental terms and the estimated acquisition cost of a single unit, Devgn is expected to earn a rental yield of approximately 6.5% for the first half of the lease, rising to about 7.5% in the final two years. These figures align well with Mumbai’s high-demand office space market, especially in business-heavy zones like Andheri West, known for its creative and media-driven clientele.

This lease reflects a growing trend of high-profile investors monetising commercial properties in key metros. Devgn’s strategic acquisition and rental move also underscore the continued strength of Mumbai’s flexible and premium office space segment.

With the rise in demand for boutique design studios and creative offices, leasing space to Bombay Design Centre is not just a property transaction — it’s a signal of the evolving office landscape in India’s financial capital.