Alia Bhatt’s Production House Leases Bandra Apartment for ₹9 Lakh Per Month

Eternal Sunshine Production Pvt Ltd, owned by actress Alia Bhatt, has leased an apartment in Mumbai’s Bandra area for ₹9 lakh per month. According to property registration documents accessed by IndexTap.com, the transaction was registered in February. The lease agreement is valid for 48 months, with an annual rent escalation of 5%. The apartment is located on the 6th floor of Vastu Building on Nargis Dutt Road in Pali Hill, Bandra West.

The property has been leased from Narendra Shetty, who received a security deposit of ₹36 lakh. As part of the transaction, a stamp duty of ₹1.25 lakh and a registration fee of ₹1,000 were paid. The agreement follows a structured payment plan, with the rent increasing by a fixed percentage each year over the four-year period.

This is not the first real estate transaction by Eternal Sunshine Production Pvt Ltd. In 2023, the company purchased an apartment in Bandra West for ₹37.80 crore. The company’s interest in acquiring and leasing properties in Mumbai suggests a long-term strategy involving premium real estate investments.

Mumbai’s real estate market has seen several high-value transactions in recent years, particularly in the Bandra and Pali Hill areas. These locations continue to attract interest from celebrities, entrepreneurs, and corporate entities looking for properties that offer both convenience and exclusivity.

Pali Hill has remained a preferred residential location for many Bollywood personalities and business figures. The area is known for its premium residential projects, with property prices often exceeding ₹1 lakh per square foot. The demand for rental properties in this region remains steady, driven by its central location, infrastructure, and access to commercial hubs.

The lease agreement between Eternal Sunshine Production Pvt Ltd and Narendra Shetty reflects a broader trend of high-profile real estate transactions in Bandra. Other recent purchases in the area highlight the continued appeal of luxury properties.

In July 2024, cricketer KL Rahul and his wife Athiya Shetty, daughter of Bollywood actor Suniel Shetty, bought an apartment in Pali Hill for ₹20 crore. This transaction further underscored the demand for high-value properties in the locality. Around the same time, Apco Infratech Private Limited, a company involved in infrastructure projects, acquired a sea-view triplex apartment worth ₹155 crore in Bandra’s Pali Hill.

The triplex apartment was purchased in a project named ‘The Legend,’ developed by Ashar Group. The building is being constructed on the site of Bollywood legend Dilip Kumar’s bungalow. Once completed, it will feature high-end residential units, including duplex apartments. A 2,000 sq ft museum dedicated to Dilip Kumar will also be part of the project.

Bandra West continues to be a hub for luxury real estate, with several prominent personalities investing in residential properties. The increasing number of lease agreements and outright purchases suggests sustained demand in the area. Property developers and brokers note that the locality remains attractive due to its accessibility, well-developed infrastructure, and proximity to business districts.

Real estate analysts observe that transactions like these highlight the resilience of Mumbai’s luxury property market. Despite fluctuations in the broader economy, the demand for premium residential and commercial spaces in prime locations remains steady. The structured leasing agreements and high rental values indicate confidence in the long-term viability of investments in this sector.

With multiple high-profile transactions taking place in the Pali Hill area, the locality remains one of Mumbai’s most sought-after residential zones. The lease agreement involving Eternal Sunshine Production Pvt Ltd adds to the list of significant real estate deals in the region.