John Abraham leases out three of his properties in Mumbai worth Rs 6.30 lakh: Report
John Abraham
who was last seen in 'Diplomat' and got a lot of appreciation for it, is also a producer. He's also proven to have a great business acumen and that's also evident in his investments. As per a latest report, the actor has leased out three of his properties in Mumbai's upscale Sea Glimpse Co-operative Housing Society in Bandra West, locking in a five-year rental agreement.
According to documents sourced by Square Yards, the deal was formalised with a stamp duty of ₹1.12 lakh and registration charges of ₹1,000.
The initial monthly rent for the three properties stands at ₹6.30 lakh, with annual escalations built into the contract. The rent will increase by 8% annually for the first two years, and by 5% annually over the following two years, culminating in a monthly income of ₹8 lakh in the final year.
Over the span of five years, John is expected to earn nearly ₹4.3 crore in rental income. A security deposit of ₹36 lakh has also been collected from the tenants for all three units combined.
This isn't John's only real estate move in recent times. In 2024, the actor, known for his role in The Diplomat, made waves when he purchased a lavish 5,416-square-foot bungalow in Khar, situated on a 7,722-square-foot plot, for a staggering ₹70.83 crore.
by Taboola
by Taboola
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The transaction, finalized in December 2023, saw him shell out an additional ₹4.24 crore in stamp duty.
Apart from his property portfolio, the 52-year-old also boasts an enviable collection of luxury automobiles. His garage includes high-end names like Lamborghini Gallardo, Nissan GT-R Black Edition, Porsche Cayenne Turbo, Audi Q7 and Q3, and superbikes such as BMW S1000RR, Aprilia RSV4 RF, and Honda CBR 1000RR.
In recent times, John is largely known for being a part of content-driven movies.
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