Mumbai, Maharashtra, 27th of March 2026 : Bollywood actress Madhuri Shankar Dixit has taken a commercial unit on rent in Mumbai, with a starting monthly rent of Rs. 4.25 lakh, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR) at https://igrmaharashtra.gov.in. The deal was officially registered in March 2026.
Lower Parel is regarded as one of Mumbai’s most premium and rapidly evolving real estate destinations, known for its seamless blend of luxury living, commercial prominence, and strong investment potential. Once an industrial zone, it has transformed into a vibrant urban hub featuring upscale high-rise residences, gated communities, and integrated mixed-use developments, attracting corporate executives, entrepreneurs, and affluent families. The locality enjoys excellent connectivity through major arterial routes and the suburban railway network, along with easy access to key business districts such as Bandra Kurla Complex, Nariman Point, and Worli, making it highly convenient for daily commuting professionals. It is also home to prominent commercial and lifestyle landmarks like High Street Phoenix and Palladium, along with numerous corporate offices and financial institutions, further enhancing its appeal. With its strategic central location, modern infrastructure, and cosmopolitan lifestyle, Lower Parel continues to be a preferred residential choice for high-net-worth individuals, including members of the business and entertainment fraternity.
According to property registration documents accessed by Square Yards, the commercial unit in One Lodha Place, Lower Parel, was rented, with a carpet area of 67.91 sq. m. (731 sq. ft.). The deal also includes one car parking space and was registered with a stamp duty of Rs. 72,600, registration charges of Rs. 1,000 and a security deposit of Rs. 17 lakh.
As per Square Yards’ analysis, the lease tenure is set for a period of 60 months (5 years). The agreed monthly rent commences at Rs. 4.25 lakh for the first year and increases by 5% to Rs. 4.46 lakh in the second year. It further rises by 5% to Rs. 4.68 lakh in the third year, Rs. 4.91 lakh in the fourth year, and reaches Rs. 5.16 lakh in the fifth year. Accordingly, the cumulative rental value over the entire five-year term is Rs. 2.81 crore.
Madhuri Dixit is an Indian actress, dancer, and television personality, widely regarded as one of the most iconic performers in Hindi cinema. She rose to prominence in the late 1980s and 1990s with blockbuster films such as Tezaab, Dil, Beta, Hum Aapke Hain Koun..!, and Dil To Pagal Hai, earning widespread acclaim for her expressive acting and exceptional dancing skills. Known as the “Dhak Dhak Girl” after her hit song in Beta, she became one of the most bankable and celebrated actresses of her era. Over the years, she has continued to remain relevant through television appearances, reality shows, and digital projects like The Fame Game. Admired for her elegance, versatility, and enduring charm, she is also known for balancing her successful career with her personal life. Her husband, Dr. Shriram Nene, a cardiovascular surgeon, has been a strong pillar of support, and together they have built a family life centered around their two sons while maintaining her connection with the entertainment industry.
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