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Time of India
2 days ago
- Business
- Time of India
John Abraham's monthly rental income from his Mumbai properties could be someone's yearly salary
Bollywood actor and producer John Abraham, best known for his performance in The Diplomat, is not only making headlines for his films but also for his sharp business sense. Recently, the actor leased out three luxury apartments in Mumbai's Bandra West for a combined monthly rent of Rs 6.30 lakh, a sum that mirrors what many professionals across the country earn in an entire year. The properties are located in the Sea Glimpse Co-operative Housing Society, one of the most upscale residential areas on Bandstand. Details of the Lease Agreement The rental deal was officially registered on May 29, 2025. According to documents reviewed by Square Yards, the lease was formalised with a stamp duty of Rs 1.12 lakh and a registration fee of Rs 1,000. A hefty security deposit of Rs 36 lakh was also collected from the tenants. The monthly rent of Rs 6.30 lakh is applicable for the first year and includes annual increases. For the first two years, the rent will rise by 8% annually, followed by a 5% annual increase for the remaining two years. By the final year of the agreement, the rent is expected to reach Rs 8 lakh per month. Over the five-year lease period, the total rental income is projected to be around Rs 4.3 crore. Bandra's Premium Real Estate Market The tenants named in the lease documents are Varun Talukdar and Pooja Gupta. Bandra West, where these properties are located, continues to be one of Mumbai's most premium residential markets, home to celebrities such as Shah Rukh Khan, Salman Khan, Ranbir Kapoor, and Janhvi Kapoor. With its mix of high-end residential and commercial spaces, Bandra remains a preferred destination for high-net-worth individuals. John Abraham's Property Holdings This isn't the actor's only significant real estate activity. In December 2023, John purchased a sprawling 5,416-square-foot bungalow in Khar, along with a 7,722-square-foot plot of land. The transaction, worth Rs 70.83 crore, was registered after an additional stamp duty payment of Rs 4.24 crore. The bungalow is located on Linking Road, a prime commercial stretch known for its retail prominence and connectivity. Apart from acting, John Abraham is actively involved in several business ventures. He owns JA Entertainment, a production house, and has invested in various other sectors including fitness, coffee, and ice cream. His ventures include NorthEast United FC, JA Fitness, and investments in Subko Coffee Roasters and NOTO Healthy Ice Cream. His estimated net worth stands at Rs 251 crore. The 52-year-old star also has a passion for automobiles. His collection includes luxury vehicles such as a Lamborghini Gallardo, Nissan GT-R Black Edition, Porsche Cayenne Turbo, Audi Q7 and Q3, along with superbikes like the BMW S1000RR, Aprilia RSV4 RF, and Honda CBR 1000RR.
Time of India
2 days ago
- Business
- Time of India
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 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.
Indian Express
2 days ago
- Entertainment
- Indian Express
John Abraham rents out three properties in Mumbai for Rs 6.30 lakh
Actor John Abraham recently rented out three properties in Mumbai for Rs 6.30 lakh per month. The properties are located at The Sea Glimpse Co-operative Housing Society of Bandra West. According to property registration documents accessed by Square Yards, the rental agreement has been registered with a stamp duty of Rs 1.12 lakh and registration charges of Rs 1000. The actor also charged a security deposit of Rs 36 lakh collectively for three properties. These properties are leased out for five years and will earn a cumulative monthly rent of Rs 6.30 lakh in the first year and will increase to Rs 8 lakh in the final year. The rent will increase by 8% annually for the first two years, then reduce to 5% annually for the final two years. The actor will earn approximately Rs 4.3 crore from his rental deal. According to Financial Express, John Abraham has a net worth of Rs 251 crore. The actor has successfully ventured into business beyond films. He owns the production house JA Entertainment, the football club NorthEast United FC, the racing team Goa Aces by JA Racing, and JA Fitness. He is also an investor in Subko Coffee Roasters and NOTO Healthy Ice Cream. Also Read | Navjot Singh Sidhu says he put one condition regarding Archana Puran Singh before returning to Kapil Sharma's show: 'How can I be the reason of…' Back in 2024, The Diplomat actor made headlines for purchasing a 5,416-square-foot bungalow in Khar for a whopping Rs 70.83 crore along with 7,722 square-foot plot of land where the said bungalow is located. The actor reportedly registered the deal in December 2023 after paying a whopping Rs 4.24 crore for stamp duty. The 52-year-old actor also owns several luxury cars and bikes like Lamborghini Gallardo, Nissan GT-R Black Edition, Porsche Cayenne Turbo, Audi Q7 and Q3, BMWS 1000 RR, Aprilia RSV4 RF, and Honda CBR 1000RR, among others. Abraham also owns a penthouse in Mumbai, which offers a stunning view of the Arabian Sea. The property is spread across a 4000 square ft. area.
