Twinkle Khanna Rents Two Apartments for ₹1.85 Lakh Per Month in Mumbai

Twinkle Khanna, a well-known Bollywood actress and author, along with her sister Rinke Khanna, has recently rented two apartments in the upscale Khar area of Mumbai. The monthly rent for these apartments starts at ₹1.85 lakh, according to documents accessed by Zapkey. The lease, which spans five years, shows a structured increase in rent over time: ₹1.85 lakh per month for the first year, ₹2.03 lakh for the second, ₹2.23 lakh for the third, ₹2.46 lakh for the fourth, and ₹2.70 lakh for the fifth year.

The rented properties are located on the fourth and fifth floors of an apartment complex in Khar (West). The leave and licence agreement was registered on July 1, 2024, and the security deposit paid by the lessee was ₹9.33 lakh.

In December 2023, Twinkle Khanna had also leased two ground-floor commercial properties in Khar (West) to a jewellery store. The monthly rent for these commercial spaces was ₹3.11 lakh for the first year, increasing to ₹3.26 lakh in the second year and ₹3.42 lakh in the third year, as per documents accessed by Propstack.

Real estate investments are a common trend among Bollywood celebrities. Prominent figures like Amitabh Bachchan, Salman Khan, Ajay Devgn, and Manoj Bajpayee have shown a preference for investing in properties, both commercial and residential, in Mumbai. The high rental yields and potential for capital appreciation make real estate a lucrative investment in the financial capital.

Twinkle Khanna's husband, Akshay Kumar, is also active in property investments. In 2022, he sold a property in Andheri West to music director Daboo Malik for ₹6 crore. The property spans a carpet area of 1,281 sq ft and includes a 59-sq ft balcony. Additionally, in 2022, Akshay Kumar bought a property in Khar West for ₹7.84 crore and an office property in Lodha Codename No. 1 Lodha Place, Upper Worli, for ₹4.85 crore in 2021.

Twinkle Khanna's consistent investment in real estate underscores a strategic approach to leveraging property as a stable and appreciating asset. The Mumbai real estate market, known for its robust demand and high rental yields, continues to attract significant investments from celebrities and high-net-worth individuals.

These investments highlight the growing trend of celebrities diversifying their portfolios into real estate, seeing it as a secure and profitable venture amidst the dynamic economic landscape of Mumbai.