Saif Ali Khan Leases Mumbai Office Space to Fintech Firm
Actor secures five-year commercial lease agreement for Andheri East property at premium rates.
1Commercial Lease Agreement Details
Bollywood actor Saif Ali Khan has leased two commercial office units in Mumbai’s Andheri East to Durva Fintech Private Limited. The agreement covers a total RERA carpet area of 5,692 square feet. This five-year lease, registered on 29 September 2026, is set to commence on 10 May 2026 and conclude in May 2031.
2Financial Terms and Escalation
The monthly rental for the property is set at ₹22.76 lakh, which equates to approximately ₹400 per square foot. The contract includes a 5% annual rental escalation clause. Over the full five-year tenure, the total base rent payable by the fintech firm is projected to exceed ₹14 crore, excluding applicable Goods and Services Tax.
3Security Deposit and Fit-out
The deal involves a substantial security deposit of ₹2.36 crore, representing over ten months of the initial rent. Additionally, the tenant has been granted a two-month rent-free period from 10 May to 9 July 2026. This window allows the company to complete necessary interior fit-out work before active billing begins in July.
4Asset Acquisition Background
Saif Ali Khan purchased these specific office units in November 2025 for a combined value of ₹30.75 crore. The seller of the assets was Apicore Pharmaceuticals Private Limited. These transactions were officially registered on 18 November 2025, marking a relatively recent addition to the actor's growing commercial real estate investment portfolio in Mumbai.
5Location and Property Profile
The units are situated on a higher floor of Kanakia Wall Street, a premium commercial building located on Andheri Kurla Road. This area is a prominent micro-market for businesses in Mumbai. The building is recognized for its high-end infrastructure, attracting corporate tenants who require professional office environments within the city's western suburbs.
6Broader Market Context
The Andheri micro-market continues to see significant commercial leasing activity. For instance, Starlink Satellite Communications recently secured 1,294 square feet of office space in nearby Chandivali. These transactions highlight the sustained demand for premium commercial real estate among both established firms and emerging technology companies operating within the Mumbai metropolitan region.
7Actor's Real Estate Footprint
Beyond this commercial venture, Khan maintains a significant residential presence in Mumbai. He currently resides in a 6,500 square foot luxury apartment in Bandra West’s Satguru Sharan building. This residential property was purchased in April 2012 for ₹23.50 crore, demonstrating his long-term commitment to high-value real estate assets within the city.
8Strategic Investment Implications
This lease agreement underscores the trend of high-net-worth individuals leveraging commercial property for steady rental yields. By securing a fintech tenant for a five-year term with built-in annual escalations, the actor ensures predictable cash flow. Such deals reflect the broader institutionalization of commercial real estate investments by private investors in India.
Original article: mint - industry — Saif Ali Khan Leases Mumbai Office Space to Fintech Firm