SEBI's Chairman Apartment Lease in Mumbai for ₹7 Lakh Monthly

SEBI Leases Luxurious Apartment for Chairman in Prabhadevi

In a significant move, the Securities and Exchange Board of India (SEBI) has leased a lavish 5 BHK apartment in the upscale area of Prabhadevi, Mumbai, designated for its chairman. The monthly rent for this sprawling residence is pegged at an impressive ₹7 lakh, reflecting the high standards expected for such a high-ranking position.

This decision comes amidst an ongoing debate about the living arrangements of top officials, especially in a city where property prices have surged in recent years. The apartment provides a comfortable and luxurious space, featuring all modern amenities one could expect at this price point.

Such moves raise questions about the appropriateness of state-funded housing for regulators, but it also underscore the importance of housing being conducive for individuals holding significant responsibilities within major financial institutions.

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