Shraddha Kapoor has officially renewed her lease for a premium residential apartment in the upscale Juhu locality of Mumbai. The Bollywood actress will pay a starting monthly rent of ₹6 lakh for the sprawling unit located in the Prime Beach building. This renewal covers a period of 12 months and involves a total rental commitment of ₹72 lakh paid as an advance for the entire term. The deal highlights the sustained demand for high-value real estate in Mumbai’s most prestigious coastal neighborhoods.
The renewed lease is for a 3,929 sq ft apartment in Juhu at a monthly rent of ₹6 lakh, with a total annual value of ₹72 lakh. The agreement covers a 12-month term and includes four car parking spaces. The entire rent for the year has reportedly been paid in advance, signaling strong liquidity and commitment.
According to property registration documents reviewed by Square Yards, the apartment is located in the Prime Beach residential building, a sought-after address in Juhu. The unit measures 365 square meters, equivalent to 3,929 square feet.
Here is a breakdown of the financials:
| Particulars | Details |
|---|---|
| Location | Juhu, Mumbai |
| Building | Prime Beach |
| Area | 365 sq m or 3,929 sq ft |
| Monthly Rent | ₹6,00,000 |
| Lease Tenure | 12 months |
| Total Rental Value | ₹72,00,000 |
| Stamp Duty | ₹36,000 |
| Registration Charges | ₹1,000 |
| Parking | 4 car spaces |
The advance payment of ₹72 lakh for the full tenure reflects a common trend in high-value rental deals, where landlords prefer upfront commitments to reduce risk.
A monthly rent of ₹6 lakh for a nearly 4,000 sq ft apartment positions this deal firmly within Mumbai’s luxury rental segment. To understand its market context, here is a comparison with other premium localities:
| Locality | Average Luxury Rent for 3,500 to 4,000 sq ft | Key Profile |
|---|---|---|
| Juhu | ₹5 lakh to ₹8 lakh per month | Film and entertainment hub |
| Bandra West | ₹4.5 lakh to ₹7 lakh per month | Trendy, mixed-use |
| Worli | ₹6 lakh to ₹10 lakh per month | High-rise sea view towers |
| Lower Parel | ₹4 lakh to ₹6 lakh per month | Corporate executives |
Juhu offers lower density and more traditional residential charm compared to vertical tower-dominated areas like Worli. For many high-profile tenants, privacy and neighborhood legacy matter as much as sea views.
The ₹6 lakh monthly rent aligns well with prevailing luxury rates, especially considering the size and parking allocation.
Juhu remains one of Mumbai’s most prestigious residential pockets due to its sea-facing properties, strong social profile, and proximity to business hubs. High-net-worth individuals, film personalities, and entrepreneurs prefer Juhu for privacy, space, and exclusivity.
The locality offers:
Several well-known personalities, such as Amitabh Bachchan, Akshay Kumar, Ajay Devgn, Varun Dhawan, and Hrithik Roshan, have homes in Juhu, adding to its aspirational value.
The blend of beachside charm and urban convenience makes Juhu one of the most resilient micro markets in Mumbai real estate.
The Juhu real estate market is currently seeing a surge in “leave and license” renewals and fresh luxury purchases. Despite rising interest rates and property prices, the demand for sea-facing properties remains inelastic. Investors and wealthy tenants are willing to pay a premium for large carpet areas and modern amenities in this specific pin code.
| Feature | Juhu | Bandra (West) | Worli |
| Vibe | Coastal/Residential | Trendy/Cosmopolitan | Modern/Corporate |
| Primary Property Type | Bungalows & Large Flats | Mid-size Luxury Flats | High-rise Penthouses |
| Celebrity Density | Very High | High | Moderate |
| Average Rent (Luxury) | ₹4L to ₹12L | ₹3L to ₹10L | ₹5L to ₹15L |
| Key Attraction | Juhu Beach & Privacy | Cafes & Nightlife | Sea Link & Skyline |
As shown in the comparison, Juhu holds its own against newer developments in Worli by offering more lateral space and a traditional sense of luxury. Most buildings in Juhu are older but have been renovated to include modern security systems and private elevators. The consistent rise in rental yields in this area makes it a favorite for property investors who cater specifically to the celebrity demographic.
The renewal of Shraddha Kapoor’s lease in Juhu underscores the enduring appeal of one of Mumbai’s most iconic residential neighborhoods. At a monthly rent of ₹6 lakh, the deal highlights the premium that celebrities are willing to pay for space, security, and a prestigious address. The transaction involving a 3,929 square foot apartment in Prime Beach is a testament to the stability of the luxury rental market in 2026. With an advance payment of ₹72 lakh, this deal reflects the seamless nature of high-net-worth real estate transactions today. As Juhu continues to be a magnet for the elite, such high-value deals will remain a benchmark for the city’s property trends.
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