Rohit Sharma and His Father Lease Apartment in Lower Parel’s Lodha Marquise for ₹2.6 Lakh Per Month
Cricketer Rohit Sharma, along with his father Gurunath Sharma, has leased their apartment in Mumbai's prestigious Lower Parel area for a monthly rent of ₹2.6 lakh. This transaction was registered on January 27, 2025, as per property registration documents accessed by Zapkey.com.
The apartment, located on the 45th floor of Lodha Marquise, forms part of The Park project developed by the Lodha Group. With a total area of 1,298 square feet, the apartment comes with two parking spaces. The rental agreement reflects a significant income from the property, marking an important move for the Sharma family in Mumbai’s real estate sector.
The documents reveal that the transaction involved a stamp duty payment of ₹16,300 and a registration fee of ₹1,000. The property has been leased to Murali Krishnan Nair, although attempts to reach him for comment have been unsuccessful.
Rohit Sharma and his father originally purchased the apartment in July 2013 from the Lodha Group for ₹5.45 crore. The sale was part of their investment in Mumbai's upscale real estate market, a city known for its competitive property landscape. The lease is another move in their ongoing involvement in the city's property sector.
The Sharma family has previously made real estate moves in Mumbai, with notable leasing agreements for high-value properties. For example, in January 2024, Rohit Sharma leased two apartments in the Bandra West area at a higher rent of ₹3 lakh per month, with gradual increases over the years. The Bandra properties reflect a different segment of the city’s property market, emphasizing Sharma's portfolio diversification.
In addition to this recent transaction, Rohit Sharma has had a history of high-value real estate deals. In June 2021, he sold a property in Lonavala worth ₹5.25 crore. This 6,329-square-foot property indicated Sharma's strategic approach to both buying and selling properties across various locations.
Sharma’s involvement in real estate goes beyond his cricket career. The cricketer's business interests extend to different sectors, with real estate being one of the key avenues. His investments and leasing activities reflect the growing demand for premium properties in Mumbai, particularly in high-end developments like The Park project by Lodha Group.
This move also aligns with the ongoing trend of cricketers and celebrities investing in luxury real estate. Mumbai has become a hotbed for such high-net-worth individuals seeking properties in prime locations. The demand for premium rental properties continues to rise, fueled by both national and international investors. Cricketers like Sharma, with their significant earnings, are increasingly becoming part of this trend, contributing to the dynamic real estate market.
As the city’s property market evolves, these transactions highlight a shift in how high-profile individuals leverage their assets. Sharma’s consistent involvement in Mumbai’s real estate market indicates his long-term strategy for wealth accumulation, further solidifying his financial portfolio.
Despite the growing real estate market in Mumbai, the rental and sales of luxury properties remain competitive, with only a select few able to afford the premium spaces. This transaction also serves as an example of the lucrative rental income potential that Mumbai’s real estate offers to owners of high-value properties.