Deepika Padukone and Ranveer Singh Lease Luxury Apartment in Mumbai for Rs 7 Lakh Per Month

Bollywood actor Deepika Padukone, along with her husband Ranveer Singh, has recently leased an apartment in Mumbai’s upscale Beau Monde Towers Co-operative Housing Society Ltd, for a monthly rent of Rs. 7 lakhs. The project is located in Prabhadevi, a locality in Mumbai which provides seamless connectivity to both the Western and Central suburbs, as well as key roadways such as the Western Express Highway and the Worli-Bandra Sea Link. The area is renowned for housing the iconic Siddhivinayak Temple and is in close proximity to popular landmarks like Dadar Beach and High Street Phoenix.

According to Square Yards, the apartment rented by the couple spans a built-up area of 3,245 sq. ft. (~301.47 sq. m) and a carpet area of 2,319.50 sq. ft. (~215.49 sq. m), along with three dedicated car parking spaces. The lease agreement, registered in November 2024, spans a tenure of 36 months and includes an initial security deposit of Rs. 21 lakhs. The rental arrangement follows a tiered structure, with the monthly rent set at Rs. 7 lakhs for the first 18 months, rising to Rs. 7.35 lakh for the remaining 18 months. 

Deepika Padukone already owns a property in Beau Monde Towers, a luxury residential project by the Ashwin Sheth Group which offers 2, 3, 4, and 5 BHK apartments. Her latest leased apartment is an addition to her recent real estate investments, which include a premium apartment in Bandra and a spacious bungalow in Alibaug. 

The rental arrangement at Beau Monde Towers highlights the couple’s continued preference for premium properties in Mumbai. Leasing an apartment instead of purchasing reflects a flexible approach to living arrangements, allowing them to stay in a convenient and upscale area without long-term ownership commitments. 

The structured lease terms, with a tiered rental arrangement, reflect current trends in Mumbai’s high-end rental market. The inclusion of three parking spaces also shows the practical requirements of properties in busy urban areas like Mumbai.

Prabhadevi has become a favored location for high-profile residents due to its central connectivity and access to essential and leisure amenities. Its proximity to business hubs and key landmarks makes it a practical choice for individuals who value convenience and access.

Deepika Padukone and Ranveer Singh’s decision to lease this property aligns with their broader real estate strategy. The couple has shown interest in both urban and suburban properties, balancing their need for convenience with investments in spacious locations.

The demand for luxury housing in Mumbai remains strong, with celebrities and other prominent individuals driving interest in high-end properties. Prabhadevi, in particular, continues to attract residents due to its blend of connectivity, infrastructure, and premium offerings.