Hrithik Roshan Leases Commercial Office Space in Goregaon for ₹5.62 Lakh per Month
Bollywood actor Hrithik Roshan has leased out a 2,727 sq ft commercial office space located in the prominent Lotus Corporate Park in Goregaon East. The property, owned by the actor, has been rented for ₹5.62 lakh per month to a private technology company, as per the property registration documents accessed by SquareYards.
The Lotus Corporate Park is situated in the heart of Goregaon, one of the most vibrant and sought-after business districts in Mumbai’s western suburbs. Known for its excellent connectivity, bustling commercial ecosystem, and premium infrastructure, the park provides an ideal setting for businesses to thrive. The development, spread across 27.55 acres, is home to several ready-to-move-in office spaces, catering to a range of industries, including technology, finance, and professional services.
The Lease Agreement
The lease agreement was officially registered with a stamp duty of ₹88,000 and a registration fee of ₹1,000. While the specific terms of the lease agreement have not been disclosed, the fact that Hrithik Roshan has successfully leased the office space at this rate signals the growing demand for office spaces in prime locations such as Goregaon.
This particular office space has been leased to a private technology company, which is indicative of the increasing presence of tech firms in Mumbai's western suburbs. Over the past few years, the western suburbs, particularly the areas of Andheri, Goregaon, and Malad, have emerged as major hubs for tech companies and startups due to their strategic location, affordability compared to South Mumbai, and proximity to key residential areas for working professionals.
Why Bollywood Celebrities Invest in Commercial Real Estate?
The decision of Hrithik Roshan to lease out his commercial space adds to a growing trend among Bollywood stars of investing in commercial real estate. Many of these celebrities, including Amitabh Bachchan, Ajay Devgn, and Sussanne Khan, have turned to commercial properties as a way to diversify their investment portfolios and generate steady income streams. Commercial properties, particularly office spaces, offer a higher return on investment (ROI) compared to residential real estate. This is mainly because commercial properties are typically leased out for longer periods and often come with higher rental yields.
According to real estate experts, the rental income from commercial properties tends to be more stable and predictable, especially in a city like Mumbai, which is home to a thriving business ecosystem. Moreover, the growing demand for commercial office spaces in key business districts like Goregaon makes such investments more attractive. With major corporations and startups expanding their operations in Mumbai, leasing commercial spaces in prime locations has become a lucrative opportunity.
Hrithik Roshan is not the only Bollywood celebrity to enter the commercial real estate market. Several other stars have also purchased or leased commercial office spaces in Mumbai. For instance, actor and director Ajay Devgn recently leased a 3,455 sq ft office space in Andheri for ₹7 lakh per month. This deal was registered in September 2024, and the property was rented out to a corporate entity. Similarly, Amitabh Bachchan, known for his significant real estate investments, purchased three office units in the Signature Tower, located in the western suburbs, for nearly ₹60 crore in 2024.
Apart from these, other Bollywood celebrities, such as Sara Ali Khan, Kartik Aaryan, and Manoj Bajpayee, have also made real estate investments in commercial spaces. Many of these stars prefer investing in office spaces due to the high investment returns and long-term rental agreements.
The Growing Popularity of Goregaon
Goregaon has emerged as one of Mumbai’s top commercial hubs in recent years. The area’s proximity to major residential neighborhoods, high-quality infrastructure, and improved connectivity to the rest of the city make it an attractive choice for businesses. With multiple commercial parks and office buildings offering ready-to-occupy spaces, Goregaon has seen a steady influx of businesses seeking to set up operations in the western suburbs.
Additionally, the development of the Metro rail network and the completion of several infrastructure projects in the area have further bolstered its appeal. The real estate market in Goregaon continues to attract investment from both corporate players and individual investors, further contributing to the area’s commercial growth.
For Bollywood celebrities like Hrithik Roshan, leasing out commercial space offers a way to generate consistent rental income while holding on to the property as an appreciating asset. Commercial real estate investments typically yield higher returns compared to residential real estate, especially in a city like Mumbai where demand for office spaces is consistently strong. By leasing out their properties, celebrities not only earn income but also keep their properties as long-term assets, benefiting from potential capital appreciation over time.
