Actor Manish Paul rents a 1,200 sq. ft. office in Mumbai’s Andheri West for ₹2 lakh per month, joining Bollywood stars investing in commercial real estate. Celebrities like Madhuri Dixit, Ajay Devgn, and Amitabh Bachchan leverage Mumbai’s high yields, with Grade-A spaces offering 6-8% annual returns in prime locations.
Popular television host and actor Manish Paul has leased a 1,200 sq. ft. commercial property in Andheri West, Mumbai, for ₹2 lakh per month, according to documents accessed by Square Yards. The two-year lease, registered in December 2024, includes a tiered rental structure, with the rent rising to ₹2.14 lakh in the second year and an upfront security deposit of ₹8 lakh.
The property is part of Morya Grand, a 0.69-acre commercial project developed by Nakta Investment Pvt. Ltd. Originally purchased for ₹2.25 crore in September 2023, the office is located in one of Mumbai’s most sought-after neighbourhoods. It is known for landmarks like Versova Beach and excellent connectivity via the Western Express Highway and Mumbai Metro Line 1.
Manish Paul, best known for hosting reality shows like Jhalak Dikhhla Jaa and Indian Idol, has also made a mark in films such as Mickey Virus and Jugjugg Jeeyo. His awards, including multiple ITA Best Anchor accolades, highlight his versatility and enduring appeal as an entertainer.
Celebrities and Mumbai’s Commercial Real Estate
Manish Paul’s deal is part of a growing trend among Bollywood celebrities investing in Mumbai’s commercial real estate market. Earlier, Madhuri Dixit leased a commercial space in Andheri West to Karamtara Engineering Pvt. Ltd. for ₹3 lakh per month. Similarly, Ajay Devgn rented out an office space in the same area for ₹9 lakh per month over a five-year term, while Amitabh Bachchan leased four commercial units in Oshiwara for an annual income of ₹2.07 crore.
Other notable transactions include Sonu Nigam’s purchase of two commercial properties in Andheri for ₹11.37 crore and Sara Ali Khan’s acquisition of office spaces with her mother, Amrita Singh, for ₹22.26 crore. Kangana Ranaut has also added to her portfolio with a ₹1.56 crore purchase of office space in Andheri.
Rising Yields in Mumbai’s Commercial Market
Mumbai remains a hotspot for commercial real estate, offering lucrative rental yields. According to CBRE India, Grade-A office spaces in the city provide annual returns between 6% and 8%, while retail assets can generate yields of up to 9.5% in prime locations.
Experts highlight that commercial properties typically outperform residential ones in terms of return on investment. The growing trend of celebrities venturing into this market underscores its potential for generating steady income and capital appreciation.
As Mumbai continues expanding as a business hub, its commercial real estate sector remains a reliable investment avenue for high-profile individuals and institutional investors. The city’s office market is poised for robust growth, and premium locations like Andheri West are attracting sustained interest.
