Shahid Kapoor Leases His Flat in Oberoi Three Sixty West Worli

Shahid Kapoor Leases Out his Investment Flat for Over ?20 Lakh per Month in Oberoi Three Sixty West in Worli

Bollywood actor Shahid Kapoor has leased his luxury apartment in the prestigious Three Sixty West tower in Mumbai's Worli district. The apartment, jointly acquired by Shahid and Mira Kapoor in May 2024 for ?58.6 crore, offers a spacious 5,395 sq ft carpet area and includes three dedicated car parking spaces.

Key Details

• Lease Structure and Terms
  The lease agreement, registered in November 2024, spans 60 months with an initial security deposit of ?1.23 crore. The rental structure is tiered, starting at ?20.5 lakh per month and gradually increasing to ?23.98 lakh over the five-year period. Notably, the lease includes a rent-free period for the first 10 months.

• Effective Monthly Rent Calculation
  Considering the 10-month rent-free period, the total rent payable over the 60-month lease is for 50 months. Assuming an average rent of ?22 lakh per month over the lease term, the total rent for 50 months amounts to Rs.11 crore. When spread over the full 60 months, the effective monthly rent is approximately 18.33 lakhs.

• Property Specifications
  Located in Oberoi Realty’s Three Sixty West, one of Mumbai’s premier residential towers, the apartment provides a luxurious living space, exemplifying the growing trend of Bollywood stars investing in prime real estate for both residence and rental income.

Worli: Mumbai's Emerging City Centre

Worli has rapidly evolved into a central hub in Mumbai, attracting corporate offices, high-net-worth individuals (HNIs), non-resident Indians (NRIs), and affluent residents. Its strategic location, connecting South Mumbai to the suburbs via the Bandra-Worli Sea Link, has enhanced its accessibility and appeal. The area boasts a blend of commercial spaces, luxury residences, and upscale ameniti