In Mumbai's bustling real estate market, Karisma Kapoor, a prominent Bollywood actress, has reportedly leased out her apartment in Bandra West for a substantial monthly rent of ₹5.5 lakh. This transaction highlights the continuing trend of celebrities engaging in property rentals in prime Mumbai locations.
While details about the specific apartment, such as its size and exact location, remain limited in available reports, the high rental value reflects the desirability of Bandra West as a residential area. Bandra West is known for its upscale apartments, vibrant nightlife, and connectivity to other parts of Mumbai, making it a sought-after location for both celebrities and high-net-worth individuals.
Several other Bollywood figures have also been active in the Mumbai rental market. For instance, in December 2024, Kiran Rao leased an apartment in Bandra West for ₹6.5 lakh per month. Similarly, Shraddha Kapoor rented a luxury apartment in Juhu for ₹6 lakh per month. These transactions indicate a preference among celebrities to rent properties, possibly for investment purposes or due to the flexibility it offers. Furthermore, in June 2025, R. Madhavan and his wife Sarita rented out their apartment in Bandra Kurla Complex (BKC) for a starting monthly rent of ₹6.50 lakh, which would escalate to ₹6.83 lakh in the second year.
Karisma Kapoor herself has experience with Mumbai real estate. In 2018, she sold her 675 sq ft flat in Bandra for ₹7 crore, significantly higher than the market value of ₹1.89 crore. This earlier transaction demonstrates the potential for significant returns on investment in Mumbai's property market, particularly for properties associated with celebrities.
The decision to rent out the Bandra West apartment could be influenced by several factors. It may be a strategic investment move, allowing Kapoor to generate a steady income stream from a valuable asset. Additionally, renting offers flexibility, especially for individuals with dynamic lifestyles and frequent travel commitments. The prevailing market rates in Bandra West, known for their premium pricing, further support the financial prudence of this decision.
The trend of Bollywood celebrities renting properties also reflects broader dynamics in the Mumbai real estate market. High property prices and limited availability often make renting a more attractive option, even for those who can afford to purchase real estate. Additionally, renting in upscale areas like Bandra provides access to premium amenities and a desirable lifestyle without the long-term commitment of ownership.
