Bollywood actor Tiger Shroff recently made headlines by investing in a lavish property in Pune worth ₹7.5 crore and promptly leasing it out on the same day. This strategic move is poised to bring him substantial monthly income and a significant boost in earnings annually.
Key Highlights
- Tiger Shroff purchases property in Pune for ₹7.5 crore.
- Leases out the property for five years, with a 5% annual rental increase.
Property Investment Details
The actor’s new property acquisition is situated in Pune and is part of a premium project by the real estate developer Panchsheel Realty. According to data from the real estate database platform Zapkey, Tiger Shroff finalized the purchase from ASN Properties Private Limited on March 5th, 2024. The property spans approximately 4,248 square feet, and the actor has paid stamp duty of ₹52.5 lakh for the transaction.
Rental Agreemen
Under the terms of the lease agreement, Tiger Shroff has leased the property to Cherise India Pvt Ltd for a duration of five years. The lessee has deposited ₹14 lakh as security, and the rent is set to increase by 5% every year.
Prospects for Lucrative Returns
With a monthly rental income of ₹3.5 lakh and an annual rental escalation of 5%, Tiger Shroff stands to benefit significantly from this investment. The property’s prime location and the upward trend in rental rates ensure a promising stream of income for the actor in the coming years.
Trend of Celebrities Investing in Real Estate
Tiger Shroff’s move to invest in real estate follows a trend among Bollywood celebrities who are increasingly diversifying their portfolios by investing in properties. Earlier this year, actress Mrunal Thakur purchased two apartments in Mumbai’s Andheri West area for ₹10 crore. Similarly, Ranveer Singh sold his luxury flat in Mumbai for ₹15.24 crore last year, showcasing the allure of real estate investments among celebrities.
Tiger Shroff’s investment in the Pune property underscores his financial acumen and forward-thinking approach to wealth management. By leveraging the potential of real estate, the actor is poised to enjoy lucrative returns and bolster his financial portfolio. As the trend of celebrity investments in real estate continues to gain momentum, Tiger Shroff’s latest move sets a noteworthy example of strategic wealth building in the entertainment industry.