Madhu Chopra, mother of global icon Priyanka Chopra, and her brother, Siddharth Chopra, have leased out a property located in the upscale Koregaon Park area of Pune for Rs. 2.25 lakh per month. The five-year lease agreement, which was registered in February 2025, includes a security deposit of Rs. 13.5 lakh and specifies a 36-month lock-in period.
Details of the Lease Agreement
The agreement includes a 5% annual rent escalation, which means that the rent will increase each year, starting at Rs. 2.25 lakh per month in the first year and rising to Rs. 2.73 lakh per month in the fifth year. Throughout the five-year lease, the total rental income is expected to reach Rs. 1.49 crore.
The transaction involved a stamp duty payment of Rs. 39,000 and registration charges of Rs. 1,000, as per the documents reviewed by the Inspector General of Registration (IGR).
Property Purchase and Rental Yield
The property in question was purchased by the Chopra family in August 2017 for Rs. 5.6 crore. With the agreed-upon rental terms, the annual rental yield in the first year is expected to be 4.8%, which will increase to 5.86% by the fifth year, reflecting a healthy return on investment.
Conclusion
This property leasing transaction by Priyanka Chopra’s family highlights a lucrative rental investment in one of Pune's most sought-after areas. With a solid lease agreement in place and the projected rental yield increase over the next five years, the Chopras continue to make strategic moves in the real estate sector.