Bollywood icon Madhuri Dixit has leased a commercial office in one of Mumbai’s sought-after business districts, marking a notable move in the city’s high-end real estate segment.
The veteran actress has rented a 731-square-foot office space in the One Lodha Place building located in Lower Parel for a five-year period, with the total rental value amounting to ₹2.81 crore, according to property registration documents reviewed by Square Yards.
The lease agreement, registered on March 24, 2026, includes one dedicated car parking slot. Official records indicate a stamp duty payment of ₹72,600 and registration charges of ₹1,000, along with a security deposit of ₹17 lakh. The property was leased from an individual named Rinku Parikshit Joshi.
Under the terms of the agreement, the monthly rent begins at ₹4.25 lakh in the first year and escalates by 5 per cent annually. It rises to ₹4.46 lakh in the second year, ₹4.68 lakh in the third, ₹4.91 lakh in the fourth, and ₹5.16 lakh in the fifth and final year. This structured increase brings the cumulative rent over the 60-month tenure to ₹2.81 crore, as calculated by Square Yards.
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Neither Madhuri Dixit nor the property owner, Rinku Parikshit Joshi, could be reached for comment on the transaction.
Lower Parel has emerged as one of Mumbai’s most premium and dynamic real estate hotspots. Once dominated by textile mills, the area has evolved into a vibrant mixed-use hub that combines luxury residential towers, upscale commercial developments, and modern infrastructure. Its convenient connectivity and blend of business and lifestyle amenities continue to draw professionals, entrepreneurs, and high-net-worth individuals seeking both investment opportunities and contemporary urban living.
Madhuri Dixit remains one of Hindi cinema’s most celebrated figures, known for her powerful performances and dancing prowess that defined blockbuster films from the late 1980s and 1990s onward. She continues to maintain a significant presence in the entertainment industry as an actress, dancer, and television personality.
This latest real estate development underscores the enduring appeal of Mumbai’s prime commercial addresses among prominent personalities from the world of entertainment and beyond. The transaction reflects the robust demand for quality office spaces in well-connected, upscale localities like Lower Parel, even as the city’s property market adapts to evolving professional needs.
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