Alia’s Production Firm Leases Bandra Flat for ₹9 Lakh per Month
Bollywood actress Alia Bhatt has made a significant investment in a luxurious property in Bandra, Mumbai, through her production company, Eternal Sunshine Productions. According to a recent report, the production firm has leased an apartment in Pali Hill, Bandra, for a staggering ₹9 lakh per month. The lease agreement, which was signed on February 21, comes with a security deposit of ₹36 lakh and a term of 48 months.
The report suggests that the lease agreement includes a 5% annual rent escalation per annum, which means that the rent will increase by ₹45,000 every year. This means that the monthly rent will increase by ₹22,500 in the second year, ₹27,750 in the third year, and so on.
The reason behind leasing the property through her production company is not clear, but it is likely that Alia Bhatt will use the property for her professional purposes. As the co-founder of Eternal Sunshine Productions, Alia Bhatt has been actively producing films and web series through her company. The property in Pali Hill is strategically located, making it an ideal spot for the production house to host events, meetings, and other professional activities.
Pali Hill is one of the most sought-after locations in Bandra, known for its upscale residential buildings, trendy restaurants, and vibrant nightlife. The area is also home to many film and television production houses, making it an ideal location for Alia Bhatt’s production company.
The lease agreement is a significant investment for Eternal Sunshine Productions, considering the monthly rent and security deposit. However, the production company may have plans to use the property for long-term purposes, which could justify the significant investment. The 5% annual rent escalation may also be a strategic move to ensure that the production company keeps pace with the increasing cost of living in Mumbai.
Alia Bhatt’s decision to lease the property through her production company may also indicate a shift in her priorities. As an actress, she may be looking to diversify her income streams and invest in her growing production company. The luxury property in Pali Hill could be a symbol of her company’s growth and success.
The news of Alia Bhatt’s production firm leasing the property has sent shockwaves in the Bollywood industry. Fans and industry insiders are eager to know what plans the production company has for the property. Will it be used for filming, hosting events, or something else? Only time will tell.
In conclusion, Alia Bhatt’s production firm, Eternal Sunshine Productions, has made a significant investment in a luxurious property in Pali Hill, Bandra, for ₹9 lakh per month. The lease agreement, which includes a 5% annual rent escalation, is a testament to the production company’s growth and success. As we wait to see what plans the production company has for the property, one thing is certain – Alia Bhatt’s production company is here to stay.
