Manoj Bajpayee Leases Mumbai Office Spaces, to Earn ₹11 Lakh/Month
Bollywood actor Manoj Bajpayee and his wife Shabana Raza have made a significant investment in the commercial real estate market in Mumbai. According to documents reviewed by CRE Matrix, the couple has leased two commercial spaces in the Andheri West area of the city. The deal is expected to generate a monthly income of ₹10.9 lakh for the next five years.
The property has been taken on lease by Barcode Influencer Marketing Pvt Ltd, a company that specializes in influencer marketing and content creation. The total rent for the five-year lease period comes to a staggering ₹7.26 crore.
Manoj Bajpayee, known for his versatility in playing a wide range of characters on screen, has now ventured into the world of real estate investing. This latest move is a testament to his shrewd business acumen and ability to diversify his investments.
Andheri West is a popular commercial hub in Mumbai, with many offices, co-working spaces, and retail establishments. The area is well-connected to other parts of the city, making it an attractive location for businesses. The leased properties are likely to be used for office spaces, which will benefit from the area’s excellent connectivity and infrastructure.
The deal highlights the growing interest in commercial real estate investing among celebrities and high-net-worth individuals. With property prices and rentals soaring in Mumbai, investors are looking for ways to generate passive income. Commercial properties, in particular, offer a stable source of income, as they are less susceptible to market fluctuations compared to residential properties.
Manoj Bajpayee’s decision to invest in commercial real estate is likely driven by the potential for long-term growth and stability. The actor has built a reputation for himself in the film industry, and his investment in commercial properties is a strategic move to diversify his assets.
The deal also underscores the importance of location in real estate investing. Andheri West is a prime area, with many businesses and organizations setting up shop there. The area’s connectivity, infrastructure, and amenities make it an attractive location for investors.
In conclusion, Manoj Bajpayee’s decision to lease two commercial spaces in Andheri West is a smart investment move that is expected to generate a significant income for the next five years. The deal highlights the growing interest in commercial real estate investing among celebrities and high-net-worth individuals, and underscores the importance of location in real estate investing.
