Renowned actor and filmmaker R Madhavan and his wife, Sarita, have leased their luxury apartment in Mumbai’s upscale Bandra Kurla Complex (BKC) for a monthly rent of ₹6.50 lakh, according to property registration documents accessed via Square Yards.
The lessee is BP Exploration (Alpha) Limited, a British multinational oil and gas company formerly known as British Petroleum. The lease agreement was officially registered on June 11, 2025.
Lease and Rental Details
The 4,182 sq ft apartment is located in Signia Pearl, one of BKC’s premium residential towers. The lease is for a two-year term, with a 16-month lock-in period. The monthly rent of ₹6.50 lakh in the first year will escalate by 5% to approximately ₹6.83 lakh in the second year. Over the course of the lease, the total rental income will amount to ₹1.60 crore.
Madhavan has also received a security deposit of ₹39 lakh. The stamp duty for the transaction was ₹47,000, with a registration fee of ₹1,000.
Investment Returns
R Madhavan and Sarita purchased the apartment in July 2024 for ₹17.50 crore. Based on the current rental agreement, the gross rental yield is estimated at 4.5% in the first year, increasing to about 4.7% in the second year—a healthy return for luxury real estate in the area.
About the Actor
R Madhavan is a well-established actor and filmmaker known for his work across Tamil, Hindi, Telugu, Kannada, Malayalam, and English films. His career spans critically acclaimed roles in Minnale, Kannathil Muthamittal, Anbe Sivam, and Aaytha Ezhuthu, along with popular Bollywood hits such as Rang De Basanti, Guru, and 3 Idiots.
BKC – Mumbai’s Prime Business District
The Bandra Kurla Complex (BKC) is Mumbai’s central business district and among the costliest commercial zones in India. It houses major offices of Fortune 500 companies such as Apple, Amazon, Netflix, Facebook, and Jio, along with critical government institutions like the GST, Reserve Bank of India, Income Tax Department, and the Family Court. The US Consulate is also located within BKC, making it a strategic and high-value location for real estate investment.
While R Madhavan has not commented publicly on the transaction, it reflects a growing trend of celebrities turning to premium real estate for investment and leasing opportunities in India’s top business hubs.
