Sohail Khan's Three-Year Lease Deal in Bandra Brings a Huge Payday
Sohail Khan set to earn more than 100 crores INR from his Bandra property rental over a five-year lease period.
In the always-entertaining world of Bollywood, Sohail Khan, little brother to superstar Salman Khan, has joined the ranks of his fellow stars by leasing a commercial property in the posh area of Bandra. The property, located in the Gasper Enclave, will be run by The Irish House Food and Beverages Pvt Ltd. for the next five years.
The lease agreement reveals that the 1,300-square-foot property, affectionately known as Sohail Khan's shop, was purchased for just over ₹3 crore and will now generate a whopping ₹10.34 crore over the five-year period. The first 36 months will see a monthly rent of ₹16.89 lakh, which will gradually increase to ₹17.73 lakh for the remaining 24 months.
The deal comes with a stamp duty of ₹2.67 lakh and a security deposit of ₹60 lakh, as documented by the Inspector General of Registration (IGR). Furthermore, the deal underscores Bandra's premium real estate market, with structured rent escalation reflecting Mumbai’s rising commercial property rates.
Sohail Khan, the son of screenwriter Salim Khan and Salma Khan, has carved out a successful career in Bollywood, although not quite reaching the blockbuster heights of his brother Salman. He has appeared in and produced films such as "Krishna Cottage", "Tubelight", "Fight Club -Members Only", "God Tussi Great Ho", "Veer", "Hello", "Heroes", and "Main Aurr Mrs Khanna".
With this strategic real estate investment, Sohail looks to diversify his income beyond cinema, ensuring long-term financial stability. After all, it's smart moves like this that help keep the Khan family name shining bright in Bollywood!
[1] FE Online[2] Square Yards[3] Mumbai Property Market Insights[4] Real Estate Times[5] Indiaheadlines.com
- Sohail Khan's latest investment indicates a strategic move to diversify his income beyond cinema, with the lease deal on a commercial property in Bandra's Gasper Enclave expected to generate around ₹10.34 crore over five years.
- The premium real estate market in Bandra is underscored by Sohail Khan's lease deal, with structured rent escalation reflecting Mumbai’s rising commercial property rates.
- The entertainment industry isn't the only arena where Sohail Khan shines; the son of Salim Khan and Salma Khan has also made his mark in the finance and real-estate sector with this significant investment.
- As the brother of superstar Salman Khan, Sohail Khan has joined the ranks of other celebrities who have ventured into the realm of investing in real estate, further expanding his financial foothold.
- The leasing agreement reveals that the property, now run by The Irish House Food and Beverages Pvt Ltd., was purchased for just over ₹3 crore and will initially generate a monthly rent of ₹16.89 lakh for the first 36 months.
- This lucrative deal has put Sohail Khan among the richest in the entertainment industry, joining the ranks of other prominent figures who have leveraged the finance and real estate markets for significant returns.
- The finance world must take note of Sohial Khan's wise decision to invest in a thriving DEFI market, demonstrating that smart moves such as these can lead to long-term financial stability and help keep the Khan family name shining bright in Bollywood and beyond.
