Filmmaker Rakesh Roshan and Wife Lease Andheri West Retail Property to Fabindia for ₹14.5 Lakh Monthly Under Five-Year Deal

Veteran Bollywood filmmaker Rakesh Roshan and his wife Pramila Roshan have reportedly entered into a significant commercial leasing agreement with lifestyle retail brand Fabindia, involving a premium retail property situated in Mumbai's Andheri West. According to reports, the five-year lease arrangement will commence with a monthly rental of ₹14.5 lakh, marking yet another instance of Bollywood personalities leveraging real estate investments for steady income generation.

Key Transaction Details

The property in question is located at De Mall on Veera Desai Road in Andheri West, one of the rapidly emerging commercial corridors in Andheri West. The leased retail space reportedly spans 6,389.47 square feet of carpet area, translating to approximately ₹227 per square foot in monthly rental at current rates.

Structured Rent Escalation Over Five Years

The agreement reportedly includes a structured rent escalation clause, which is increasingly common in commercial real estate lease arrangements in India. Under this arrangement, the monthly rent is set to increase progressively over the tenure of the lease.

The security deposit of ₹87 lakh amounts to approximately six months of the initial rental, which is standard practice in premium commercial leasing transactions.

Lock-In Period Provisions

Industry observers note that the lease agreement includes differential lock-in periods for both parties. Fabindia is reportedly bound by a 15-month lock-in period, while the landlords—Rakesh and Pramila Roshan—are committed for the full five-year duration. This arrangement is said to reflect the typical structuring of commercial rental agreements in India, where landlords often commit to longer periods to provide tenants with operational stability.

Significance for Mumbai's Retail Leasing Market

The transaction underscores the sustained demand for premium retail spaces across Mumbai's western suburbs. Veera Desai Road in Andheri West has emerged as a sought-after location for lifestyle brands, food and beverage outlets, and high-end commercial establishments. The area's proximity to key residential and commercial hubs reportedly makes it attractive for retailers seeking visibility and footfall.

This deal follows a broader trend where commercial rentals in Mumbai have witnessed notable appreciation. The western suburbs, in particular, continue to attract significant investor interest, with major developers announcing commercial projects in Andheri West.

Celebrity Investors Turning to Commercial Real Estate

The Roshan-Fabindia lease is part of a growing pattern where high-net-worth individuals from the entertainment industry are actively monetising their real estate portfolios through strategic leasing arrangements. Similar to actress Kajol's investment in Goregaon West retail space, this transaction demonstrates how celebrities are increasingly viewing commercial real estate as a reliable investment avenue.

Market analysts suggest that premium commercial assets in established locations continue to deliver stable yields, making them attractive for investors seeking to build profitable real estate portfolios. The rental yields in prime Mumbai locations reportedly remain competitive compared to other asset classes.

Broader Market Implications

The Roshan family's lease arrangement with Fabindia is being viewed as a benchmark transaction in Mumbai's high-street retail leasing segment. The deal's size, premium location, and structured escalation clause reportedly reflect the confidence that both established brands and property investors have in the long-term growth trajectory of India's urban retail infrastructure.

As more celebrities turn to real estate investments, such transactions are expected to set new benchmarks for commercial leasing in Mumbai's thriving retail market.

Disclaimer: This news article is intended for informational purposes only and should not be construed as investment advice, legal counsel, or a recommendation to buy, sell, or lease any property. Readers are advised to conduct independent research and consult qualified professionals before making any real estate or financial decisions. The information presented is based on publicly available reports and may be subject to change.