Ronit Roy leases Andheri west office space for Rs 1.39 crores over five yearsi

Actor Ronit Roy has leased a commercial office space in Mumbai’s Andheri West for a total rent of approximately Rs 1.39 crores over a five-year period.

The transaction adds to the actor’s reported real estate holdings in the city, where he also owns a residential apartment in Versova.

According to a Business Standard report citing property registration documents accessed by CRE Matrix, the office measures 950 square feet and is situated on the fourth floor of Vastu Prestige, near City Mall in Andheri West.

The leave-and-licence agreement was registered on June 12, with the lease commencing on July 10.

The agreement will remain valid until July 9, 2031, covering a total tenure of 60 months.

As per the report, the commercial premises have been leased to Kerawi Care (OPC) Private Limited, represented by its director, Vandana Verma.

Roy is listed as the licensor in the agreement, while the company is the licensee.

The office space carries a monthly rent of Rs 2.1 lakhs, while the security deposit has been set at Rs 6.5 lakhs.

The total rent payable over the five-year period amounts to Rs 1,39,24,584.

The agreement also provides for an annual rent escalation of 5%, along with a lock-in period of 36 months for both parties.

The terms further specify the division of property-related expenses between the parties.

Roy, as the licensor, will be responsible for property taxes, maintenance charges and non-occupancy charges.

Meanwhile, the tenant will pay electricity bills according to actual consumption.

The report also noted that the agreement does not mention any designated car parking space for the office.