In a move highlighting the lucrative nature of Mumbai's premium real estate, renowned playback singer Sonu Nigam has sealed a major property transaction. The celebrated artist has leased out a high-end commercial space located in Santacruz East, commanding a staggering monthly rent of Rs 19 lakh.
Deal Details and Financial Projections
According to official property documents accessed on the Inspector General of Registration (IGR) portal and registered in December 2025, the agreement involves a spacious property within the Trade Centre BKC. The leased area spans an impressive 4,257 square feet (approximately 395 square meters).
The financial components of the deal are substantial. A security deposit of Rs 90 lakh was paid upfront. The registration process incurred a stamp duty of Rs 3.27 lakh along with a registration fee of Rs 1,000.
A Five-Year Revenue Stream Exceeding Rs 12 Crore
The lease is locked in for a period of five years with a structured rental escalation. The rent is fixed at Rs 19 lakh per month for the first year. It will see a 5.26% increase in the second year, taking the monthly figure to Rs 20 lakh.
From the third year onwards, the rent will increase by 5% annually. The projected monthly rents are as follows:
- Year Three: Rs 21 lakh
- Year Four: Rs 22.05 lakh
- Year Five: Rs 23.15 lakh
Over the entire five-year lease term, the total rental income for Sonu Nigam is projected to be a massive Rs 12.62 crore, showcasing a significant investment return.
Celebrity Investments in Mumbai's Booming Real Estate
This high-profile deal underscores a growing trend where top-tier Bollywood celebrities are actively capitalizing on Mumbai's robust property market. By leasing premium commercial assets, they create substantial, long-term passive income streams.
Sonu Nigam, with a legendary career spanning over three decades, is known for timeless hits like 'Suraj Hua Maddham,' 'Kal Ho Naa Ho,' and 'Abhi Mujh Mein Kahin.' This deal reflects his astute financial acumen beyond the recording studio.
The transaction also signals strong demand and high value for premium commercial spaces in key Mumbai micro-markets like Santacruz and the Bandra-Kurla Complex (BKC) corridor, making them attractive assets for high-net-worth individuals.
