John Abraham leases out three of his properties in Mumbai worth Rs 6.30 lakh: Report
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
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
5 Books Warren Buffett Wants You to Read In 2025
Blinkist: Warren Buffett's Reading List
Undo
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
33 minutes ago
- Time of India
Mumbai court rejects discharge plea of woman accused in money laundering case linked to ponzi scheme
Mumbai: A special PMLA court on Friday rejected the discharge plea of 44-year-old Andheri resident, Rashmi Prasad, an accused in a money laundering case linked to a Rs 564 crore Ponzi scheme involving chartered accountant Amber Dalal and his company Ritz Consultancy Services. The court said that there is sufficient prima facie evidence to frame charges against Prasad for the offence of money laundering. The prosecution alleged that she received Rs 18.81 crore in her personal and business accounts from the accused firm Ritz Consultancy Services. "Admittedly, a huge amount of money was transferred from the account of M/s Ritz Consultancy Services and from the accused No. 1 (Dalal) into the account of accused No. 2 (Prasad) and her entities, and she purchased the property in Dubai (for Rs 4.19 crore). Therefore, there is prima facie sufficient material to frame a charge against accused No. 2," Special Judge RB Rote said on Friday. Prasad claimed to be one of 600 investors who entrusted money to the main accused, who allegedly ran a fraudulent investment firm. The court, however, found that the prosecution presented a strong prima facie case against her. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Gorgeous Female Athletes Ranked - But Did We Get It Right? Learn More Undo "The defence of the accused is required to be considered at the time of a full-fledged hearing of the matter on evidence. Therefore, at this stage, it is not possible to record the findings that accused No 2 was only an investor like other investors and the property was not acquired by using the proceeds of crime," the judge said. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai While Prasad claimed that the amount was accepted towards the returns on the investment, the judge said that she nowhere specified what the investment was and what the returns were. "No documentary evidence in the form of an MOU is forthcoming in this case to show that she invested the amount. Admittedly, accused No 1 was operating the Demat Account of accused No. 2. If accused No. 2 was only an investor and accused No 1 defrauded her, she would have lodged a complaint in respect of the same, but no such complaint is forthcoming by accused No 2," the judge said. The judge also noted that the case involves a serious economic offence, affecting the socio-economic condition of society. "There are 2015 investors who invested their funds in the scheme of accused No. 1, and they have been defrauded to the tune of Rs 564 crore," the judge said. The ED submitted that Prasad was Dalal's close associate and not an investor. The ED further alleged that she used these funds to acquire assets in India and Dubai, and to pay for personal expenses like car loans and credit card bills. Bank records reportedly show that Prasad remitted approximately Rs 4.27 crore to Dubai, with over Rs 4.19 crore of that amount used to purchase a property from M/s EMAAR Group. Case initiated by Andheri investor The case originated from an FIR filed by an investor, Babita Malkani, at the Oshiwara police station in Andheri. The FIR accused Dalal of offences including cheating and criminal breach of trust. The investigation was later transferred to the Economic Offence Wing (EOW). According to the prosecution's case, Dalal, through his firm Ritz Consultancy Services, collected funds from 2015 investors with the promise of monthly returns of 1.5% to 1.8% on investments in commodities like gold, silver, and crude oil. Investors were told their capital was safe and were given undated cheques for the invested amount. The EOW charge sheet states that a total investment of over Rs 1146 crore was collected, and after paying out returns of more than Rs 581 crore, the remaining amount of over Rs 564 crore was defrauded from the investors. The ED initiated its investigation subsequently. The ED alleges that the main accused was operating a Ponzi scheme, using a large portion of new investments to pay returns to existing investors. The funds were also allegedly diverted to close associates and family members for personal use, including purchasing properties. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
33 minutes ago
- Time of India
Max Verstappen poses with Kelly Piquet in a lovely picture from their family time together
Max Verstappen and Kelly Piquet (Image credit: Instagram) Max Verstappen and Kelly Piquet continue to spend quality time during the summer break, which started soon after the Hungarian Grand Prix. Kelly has now shared a few fresh glimpses from their relaxing time with family and friends. The couple welcomed their baby girl, Lily, in May. Verstappen has been constantly making sure to spend most of his free time with her. Kelly Piquet shares new picture with Max Verstappen Taking to her Instagram Stories, Kelly Piquet shared a picture of herself and Max Verstappen posing for a couple's picture. The monochrome image shows Kelly in a double-shade top and pants, as Verstappen holds her in a close embrace. The two are seen posing on the banks of a water body. Piquet also shared a picture of her elder daughter Penelope's wrist, adorned with a bracelet that had her name on it. Penelope is Piquet's daughter from her previous relationship. Kelly Piquet shares pictures of Max Verstappen and Penelope According to a report in Daily Mail, Max Verstappen and Kelly Piquet have bought a luxurious property in Portugal. The couple has reportedly bought land in the Pinheirinho estate, located on the Portuguese coast near Comporta. Max Verstappen completes 200 races at Red Bull Max Verstappen recently celebrated 200 races with Red Bull. He has already made it clear that he has no plans of quitting the team despite his struggles with the car. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Prince William & Kate Met Princess Diana's Secret Daughter. Plays Star Undo The 27-year-old has won just two races this season, besides an F1 Sprint win. He is currently in third position in the F1 Driver Standings. Talking about it, Verstappen said in Red Bull Racing's YouTube series Beyond the Charge, 'For me, what has always been really nice is it feels like a second family when I'm here. That's why I feel like when I walk into the garage, there's nothing that feels awkward or weird, you know, you're just one of the boys, and you just jump in the car.' Also Read: Here's what Max Verstappen is doing when not spending time with Kelly Piquet during the summer break He will now return to compete in F1 for the Dutch Grand Prix at the Zandvoort circuit. It is scheduled from August 29–31. He had secured second place at the race last year. It is his home race and is expected to serve as an advantage for the F1 champion to make an impressive comeback on the podium. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Time of India
33 minutes ago
- Time of India
Miller vs Schiller: Who is the real 'Trump whisperer'?
TOI Correspondent from Washington: "There are no Democrats and Republicans in Washington anymore, only 'ins' and 'outs.'" is the new mantra in the US capital. India may be finding that out the hard way amid questions on whether its newly-hired lobbyist is delivering the goods after the tariff fiasco and if he is being outplayed by a Pakistani lobbyist. Both are said to be close to President Trump. In May this year, India hired Jason Miller -- a communications strategist and political adviser who has served as a senior adviser to Trump's presidential campaigns in 2016, 2020, and 2024 -- through his firm SHW Partners LLC, to lobby for New Delhi. The year-long contract is costing the government $1.8 million, with a monthly fee of $150,000. His firm's role is to provide strategic counsel, tactical planning, and government relations assistance on policy matters before the U.S. government, Congress, and other relevant stakeholders. India's Miller/SHW contract came a month after Pakistan zeroed in on Keith Schiller, a former Trump bodyguard for two decades, through his firm Javelin Associates which he established with George Sorial, who served as Executive Vice President and Counsel to The Trump Organization. Pakistan is paying Javelin $ 50,000 per month as retainer. While both Miller and Schiller have been dubbed "Trump whisperers" developments over the past six-eight weeks suggest Javelin has hit the mark while SHW has come up short. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 25 of the Best Cities to Live In Undo by Taboola by Taboola In a city where influencers float in an out of Trump inner circle, Schiller is believed to have the President's ear while Miller is said to be out the loop, going by Trump's suddenly love for Islamabad manifested in his invitation to Pakistan's army chief Asim Munir for a White House luncheon and the lower tariff (19 per cent) on Pakistan compared to India, which has been slammed with 25 percent, with another 25 percent punitive penalty impending on August 25 if New Delhi continues to buy Russian oil. However, White House insiders say characterisations like "Trump whisperer" are simplistic and the President is his own man taking decisions on what he sees as being good for America. They point out that Schiller left the White House as Director of Oval Office Operations in September 20 2017 after only nine months on the job and his access to Trump is exaggerated. Miller too has been out of the White House loop after declining a position of White House communications director after the 2016 election. Others in the influence-peddling business say the best lobbyists are the foreign leaders themselves. Nothing pleases Trump more than foreign leaders phoning him personally, and even better, supplicating themselves before him in the Oval Office and pledging billions in investment. And if they can play golf with him (like former Japanese Prime Minister Shinzo Abe did), and lose to him, that would be a birdie hit. Former South Korean President Yoon Suk Yeol was among those who reportedly took up golf in an effort to connect with Trump. India is more cricket than golf, and the upshot is that it may be holing out hole (not hole-in-one) on the tariff issue. Prime Minister Modi's declining of Trump's invitation to visit the White House when the US President was hosting Pakistan's army chief Asim Munir on June 18, his subsequent non-engagement on the tariff issue, and the defiant tone on Russian oil issue in terms of a personal phone call are factors said to have miffed Trump. "The (Indian) Prime Minister does not negotiate on tariffs over the phone. He leaves it to the negotiating," a senior Indian diplomat said by way of explaining the phone calls that some influencers are pressing for. But New Delhi is leery given the experience of some leaders who phoned Trump, came over to Washington, and left red-faced after they did not meet his terms, on trade and other issues. South African President Cyril Ramaphosa was publicly embarrassed in the White House, while Ukraine's Voldymyr Zelensky was humiliated in the Oval Office. Some phone calls have bought time, notably one from Mexico's President Claudia Sheinbaum, while others Vietnam's Lo Tam and South Korea's Lee Jae-myung, made calls that secured lower tariffs. Some other calls and visits have ended in disaster. Switzerland's President Karin Keller-Sutter came last week to avert a 39% tariff on Swiss goods, and did not get to meet Trump -- not even Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, or Commerce Secretary Howard Lutnick. She got to see Secretary of State Marco Rubio, who does not oversee trade policy, and returned empty-handed.
