Bollywood Actor Ajay Devgan and His Mother Veena Devgan Lease Juhu Bungalow for 5 Years, to Earn Estimated Rs. 10.61 Crore in Rent: Square Yards

Indian Bollywood actor Ajay Devgan and his mother, Veena Devgan, have rented a bungalow in Mumbai’s Juhu for a starting monthly rent of Rs. 16 lakh, according to property registration documents reviewed by real estate platform squareyards.com on the website of the Inspector General of Registration (IGR) at https://igrmaharashtra.gov.in. The leave and license agreement was officially registered in August 2026.

Juhu is one of Mumbai’s most prestigious residential neighbourhoods, known for its upscale homes, celebrity residences, and premium lifestyle offerings. Located along the western coastline, it combines a sought-after beachfront setting with strong connectivity to key business and commercial districts. The area has witnessed sustained demand for luxury residential properties, supported by established social infrastructure, retail, hospitality, and entertainment options. Limited availability of premium land and continued demand for high-end housing keep property values elevated across the micro-market.

According to property registration documents accessed by Square Yards, Ajay Devgn and his mother, Veena Devgn, have leased out a bungalow in Kapol CHS Ltd., Juhu. The rental agreement includes a security deposit of Rs. 48 lakh and was registered with a stamp duty of Rs. 2.71 lakh and registration charges of Rs. 1,000. The bungalow has a built-up area of 724.90 sq. m. (7,803 sq. ft.).

As per Square Yards’ analysis, the lease tenure spans 60 months (five years). The monthly rent starts at Rs. 16 lakh in the first year and escalates by 5% each year to approximately Rs. 19.45 lakh in the fifth year. Over the full term, the cumulative rental value is estimated at approximately Rs. 10.61 crore.

Ajay Devgn is an Indian actor, filmmaker, and producer known for his extensive work in Hindi cinema. He made his acting debut with Phool Aur Kaante (1991) and went on to establish himself with acclaimed performances in films such as Dilwale (1994), Zakhm (1998), Company (2002), The Legend of Bhagat Singh (2002), Omkara (2006), Singham (2011), and Drishyam (2015). Over the years, he has received multiple honours, including two National Film Awards for Best Actor, and has also ventured into filmmaking and production. Veena Devgn is an Indian film producer associated with Hindi cinema and the mother of actor Ajay Devgn. She has been involved in film production, including the 1999 family drama Dil Kya Kare, which starred Ajay Devgn, Kajol, and Mahima Chaudhry. She has largely maintained a private profile while remaining connected to the Hindi film industry through her family and production work.