In a notable move within Mumbai’s real estate sector, Sohail Khan, a well-known figure in Bollywood as an actor, producer, and director, has sealed a deal to rent out his shop in the posh locality of Bandra.
The property has been leased for an impressive sum of Rs. 10.3 crore over a span of five years to The Irish House Food and Beverages Private Limited. This transaction highlights the high stakes involved in Mumbai’s commercial real estate market, especially in areas favored by celebrities and affluent individuals.
The shop, situated in the luxurious Gasper Enclave in Bandra, covers a built-up area of about 119.88 sq. m. (or approximately 1,290.57 sq. ft.). Bandra, known for its rich cultural vibe and premium real estate, is a preferred residential area for many Bollywood stars. This deal not only underscores the premium value of properties in such elite neighborhoods but also showcases Sohail Khan’s strategic investment acumen. The terms of the lease dictate that the rental amount will start at Rs. 16.89 lakh per month for the initial 36 months, following which it will increase to Rs. 17.73 lakh for the remaining 24 months.
This lucrative agreement was officially recorded in March 2025 and involves a security deposit of Rs. 60 lakh. The documentation process for the lease incurred a stamp duty of Rs. 2,67,000 and a registration fee of just Rs. 1,000, as detailed by reports from Square Yards. These financial terms reflect the significant investment and potential return associated with properties in Mumbai’s Bandra area, highlighting the competitive nature of the city’s real estate market.
Sohail Khan’s foray into the real estate market by leasing out his Bandra shop at such a substantial amount demonstrates his savvy investment strategies. Initially acquired in April 2009 for Rs. 3.11 crore, the shop’s lease to The Irish House signifies a considerable return on investment. This business maneuver is particularly noteworthy given Khan’s established career in the film industry, where he has produced and directed multiple successful films, including Partner and Jai Ho, under his banner, Sohail Khan Productions.
Khan’s involvement in the entertainment industry goes beyond his real estate ventures. He has had a successful career in Bollywood, contributing to several hit movies like Maine Dil Tujhko Diya, Hello Brother, and Veer. His work has not only garnered a fan following but has also earned him numerous award nominations, cementing his reputation as a versatile and accomplished figure in the industry.
The decision to lease the Bandra shop and the specifics of the deal shine a light on the lucrative nature of real estate investments in Mumbai’s upscale localities. It also reflects the blending of celebrity influence with strategic business decisions, showcasing how individuals in the entertainment sector are diversifying their investment portfolios. This move by Sohail Khan adds a new dimension to his professional achievements, both in the realms of cinema and real estate.