Actor Ajay Devgn and his mother enter a five-year lease for their Juhu bungalow in Mumbai, with The Times of India reporting a monthly rent of about Rs 16 lakh. The lease is for a property area of 7,802.75 sq ft, according to the reports.
Florian Hurel Salons Private Limited is named as the tenant, with a security deposit of Rs 48 lakh and annual rent increases. The Economic Times and Times of India describe the lease’s rental value as substantial, with Times of India estimating total rental income of Rs 10.61 crore over the agreement.
Both outlets present the transaction as a leasing arrangement for the Juhu property, but the details emphasized differ. One report foregrounds the monthly rent figure, while the other highlights the five-year total income and key commercial terms such as deposit and escalations. Times of India also notes the bungalow’s past association with a major loan transaction involving the actor, a detail not elaborated by The Economic Times in the provided excerpt.
