Introduction
Actor Shraddha Kapoor and her father Shakti Kapoor are turning a
Mumbai investment into steady rental income. The Shraddha Kapoor Mahalaxmi apartment lease covers a furnished 1,050 square foot flat that has been rented out for three years, starting at ₹2.5 lakh a month. Across the full term, the family stands to collect roughly ₹94.58 lakh in gross rent.
Who Is Renting and Who Is Letting
The family has taken the landlord's seat here. The registered agreement lists Shakti Kapoor and Shraddha Kapoor as licensors, while Akshat Khetan is the licensee, meaning the tenant. This is a leave and licence arrangement, which is the standard rental format in Maharashtra, and it was registered on June 26, 2026.
The Property in Question
The apartment sits on the third floor of Piramal Mahalaxmi South Tower, on GB Sakpal Marg and San Guruji Marg in Mahalaxmi East. It has a carpet area of about 1,042.73 square feet, including two balconies. The flat is fully furnished, with a sofa, chairs, cupboards, four air conditioners, a refrigerator, a washing machine, a water purifier, and a modular kitchen setup, which helps explain the premium rent.
How the Rent Rises Over Three Years
The monthly rent starts at ₹2.5 lakh in the first year, climbs to about ₹2.62 lakh in the second, and reaches roughly ₹2.75 lakh in the third. That is a 5 percent annual increase, a fairly common structure in Mumbai's premium rentals. The lease runs until June 2029, and the tenant has paid a security deposit of ₹7.5 lakh.
Who Pays for What
Under the agreement, the owners will handle maintenance costs, while the tenant covers electricity bills. The flat can only be used for residential purposes. These details matter more than they seem, because who pays maintenance can shift the real return on a rental by a noticeable margin.
A Second Flat in the Same Tower
This is not the family's only holding in the project. In January 2025, Shraddha and Shakti Kapoor jointly bought another apartment in Piramal Mahalaxmi South Tower for ₹6.24 crore. Shraddha later renewed a lease on that unit in February 2026 for another year, at a starting rent of ₹6 lakh a month, covering the same apartment and four parking spaces.
What the Numbers Say About Yield
A flat rented at ₹2.5 lakh a month brings in ₹30 lakh a year in the first year. For a Mahalaxmi apartment of this size, that places the rent among the stronger figures in the area. High rents like this show how tight supply is for furnished, well managed homes close to Lower Parel and the Worli business belt.
Why Mahalaxmi Keeps Attracting Tenants
Mahalaxmi sits between South Mumbai and the central business districts, with quick access to offices in Lower Parel and Worli. Tenants from corporate and professional backgrounds often prefer it for exactly this reason. A Mumbai leave and licence agreement in a branded high rise like Piramal's also appeals to those who want amenities and security along with a good address.
The Bigger Celebrity Pattern
This deal fits a wider trend of celebrity rental income Mumbai wide, where well known names buy premium flats and then lease them out instead of living in them. It is a simple way to earn steady returns while the property itself appreciates.
Summary
The Shraddha Kapoor Mahalaxmi apartment lease, worth about ₹94.58 lakh over three years, shows how premium rentals in Piramal Mahalaxmi South Tower continue to command strong money. Structured as a Mumbai leave and licence agreement with 5 percent yearly increases and a ₹7.5 lakh deposit, the deal adds another example of celebrity rental income Mumbai buyers are chasing as they build property portfolios that earn while they wait.
