Kajol Devgan Leases Goregaon Retail Space to HDFC Bank

Bollywood actor Kajol Devgan has leased a retail property in Mumbai’s Goregaon to HDFC Bank for a total rental value of Rs. 8.6 crore over a nine-year period, according to property documents verified by SquareYards.

The leased property is located in Bharat Arize, Goregaon West, and spans 1,817 sq ft of carpet area, along with a designated parking slot. Kajol originally purchased the commercial unit in March 2025 for Rs. 28.78 crore. The lease agreement, registered on November 14, 2025, includes a security deposit of Rs. 27.61 lakh, stamp duty of Rs. 5.61 lakh, and registration charges of Rs. 30,000.

Key Highlights

• Kajol leases Goregaon retail space to HDFC Bank for Rs. 8.6 crore over nine years
• Rent starts at Rs. 6.9 lakh per month with 15 percent escalation every three years
• Deal reinforces Goregaon West as a fast-growing commercial real estate hub

The rent structure is staggered over three phases: Rs. 6.9 lakh per month for the first three years, Rs. 7.9 lakh for the next three years, and Rs. 9.13 lakh for the final phase, with a 15 percent escalation every cycle. Neither Kajol nor HDFC Bank has commented on the deal.

This development follows multiple high-value real estate transactions involving Bollywood celebrities, including actor Ajay Devgn, who leased two commercial office units in Andheri in separate deals in 2024.

Also Read: Ajay Devgn Expands Real Estate Footprint with New Andheri Office Lease

Goregaon West continues to grow as a major real estate hotspot, supported by connectivity via Western Express Highway, Link Road, SV Road, suburban rail and expanding metro routes. Its proximity to commercial hubs such as Andheri, Malad, and Oshiwara District Centre (ODC) further strengthens its commercial appeal.