Actress Madhuri Dixit takes 731 square feet property on rent in Lower Parel for Rs 2.81 crore for five yea
According to property registration documents accessed by Square Yards, a commercial unit in One Lodha Place, Lower Parel, was rented by Bollywood actress Madhuri Shankar Dixit with a carpet area of 67.91 sq. m. (731 sq. ft.). The deal also includes one car parking space and was registered with a stamp duty of Rs 72,600, registration charges of Rs 1,000 and a security deposit of Rs 17 lakh.
The deal was officially registered in March 2026 and the property registration documents showed that Actress Madhuri Shankar Dixit has taken a commercial unit on rent in Mumbai, with a starting monthly rent of Rs. 4.25 lakh.
One Lodha Place Madhuri Dixit deal analysis
As per Square Yards’ analysis, the lease tenure is set for a period of 60 months (5 years). The agreed monthly rent starts at Rs. 4.25 lakh for the first year and increases by 5% to Rs. 4.46 lakh in the second year. It further rises by 5% to Rs. 4.68 lakh in the third year, Rs. 4.91 lakh in the fourth year, and reaches Rs. 5.16 lakh in the fifth year. Accordingly, the cumulative rental value over the entire five-year term is Rs 2.81 crore.
The lease tenure is set for a period of 60 months (5 years) and the agreed monthly rent commences at Rs. 4.25 lakh for the first year and increases by 5% to Rs. 4.46 lakh in the second year. It further rises by 5% to Rs. 4.68 lakh in the third year, Rs. 4.91 lakh in the fourth year, and reaches Rs. 5.16 lakh in the fifth year.
Square Yards’ analysis showed: “Accordingly, the cumulative rental value over the entire five-year term is Rs 2.81 crore.”
Also read: Bollywood actor Sonu Sood invests in a land in Panvel, Mumbai’s fastest growing real estate belts
Lower Parel Mumbai’s premium real estate destination rental trend
According to Square Yards, Lower Parel is regarded as one of Mumbai’s most premium and rapidly evolving real estate destinations, known for its seamless blend of luxury living, commercial prominence, and strong investment potential.
Rental trend in Lower Parel, Mumbai
ConfigurationsIn Lower ParelStudioRs 31,5001 BHKRs 53,2002 BHKRs 1.4 lakh3 BHKRs 3.7 lakh4 BHKRs 5 lakh5 BHKRs 7.6 lakh6 BHKRs 8.5 lakhSource: Square Yards websiteAs per data from Square Yards website, 86% people demanded apartments while only 6% demanded office spaces and the remaining 4% demand was for PG. The data also showed that 57% people demanded 1 BHK units while 10% people demanded 1 RK units. 9% of people demanded 2 BHK units.
By Budget (rental units demand and supply)
PriceDemandSupplyRs 15,000 to Rs 30,00030%3%Rs 30,000 to Rs 50,00021%7%Above Rs 50,00047%90%Source: Square Yards website
For those who have known Mumbai for long enough, Lower Parel was once an industrial zone. However, with time, it has evolved into an urban hub featuring upscale high-rise residences, gated communities, and integrated mixed-use developments, attracting corporate executives, entrepreneurs, and affluent families.
The locality enjoys excellent connectivity through major arterial routes and the suburban railway network, along with easy access to key business districts such as Bandra Kurla Complex, Nariman Point, and Worli, making it highly convenient for daily commuting professionals.
It is also home to prominent commercial and lifestyle landmarks like High Street Phoenix and Palladium, along with numerous corporate offices and financial institutions, further enhancing its appeal. With its strategic central location, modern infrastructure, and cosmopolitan lifestyle, Lower Parel continues to be a preferred residential choice for high-net-worth individuals, including members of the business and entertainment fraternity.
Madhuri Dixit is an Indian actress, dancer, and television personality, widely regarded as one of the most iconic performers in Hindi cinema. She rose to prominence in the late 1980s and 1990s with blockbuster films such as Tezaab, Dil, Beta, Hum Aapke Hain Koun..!, and Dil To Pagal Hai, earning widespread acclaim for her expressive acting and exceptional dancing skills.
Her husband, Dr. Shriram Nene, a cardiovascular surgeon, has been a strong pillar of support, and together they have built a family life centered around their two sons while maintaining her connection with the entertainment industry.
