Shreyas Iyer Signs 3-Year Lease for Worli Luxury Apartment

Indian cricketer Shreyas Iyer has rented a luxury apartment in Mumbai's premium residential locality of Worli for a period of three years. According to property registration documents reviewed by real estate data analytics platform Square Yards, the transaction involves a high-end apartment spread across approximately 3,875 sq ft.

The lease agreement has a total rental value of around ₹7.14 crore over the entire tenure, highlighting the continued demand for luxury rental properties in one of Mumbai's most sought-after residential markets.

Details of the Rental Transaction

The apartment has been leased for a duration of 36 months. The rental structure includes periodic escalations during the lease tenure, resulting in a total rental commitment of approximately ₹7.14 crore across the three-year period.

• Location: Worli, Mumbai
• Apartment Size: 3,875 sq ft
• Lease Tenure: 3 years
• Total Rental Value: ₹7.14 crore
• Tenant: Shreyas Iyer

The transaction was officially registered and details were accessed through property registration records analysed by Square Yards.

Rental Structure of the Agreement

The lease follows a structured rental arrangement with rent increasing during different phases of the agreement.

• First year: Monthly rent of ₹19.07 lakh.
• Second year: Monthly rent of ₹20.02 lakh.
• Third year: Monthly rent of ₹21.02 lakh.

The gradual escalation reflects a common practice in premium residential leasing agreements where rental values are revised annually during the contract period.

Security Deposit and Registration Details

The agreement includes a security deposit of ₹57.21 lakh. Property registration records also show that a stamp duty payment was made as part of the registration process.

The apartment is located within one of Mumbai's prominent luxury residential developments in Worli, an area that continues to attract high-net-worth individuals, corporate executives and celebrities due to its premium housing stock and connectivity advantages.

Worli Remains a Preferred Luxury Housing Market

Worli has consistently remained among Mumbai's most expensive residential markets, witnessing strong demand for both ownership and rental properties. The locality is known for its luxury high-rise developments and premium residential offerings.

Large-format apartments in the area continue to command significant rental values, reflecting the limited availability of premium homes and sustained demand from affluent tenants.

Key Highlights

• Shreyas Iyer leased a 3,875 sq ft apartment in Worli.
• The lease tenure is three years.
• Total rental value is approximately ₹7.14 crore.
• Monthly rent increases annually during the agreement period.
• The lease includes a ₹57.21 lakh security deposit.
• The transaction was identified through property registration documents.

The rental transaction underscores the strength of Mumbai's luxury housing market, where premium residences in established locations such as Worli continue to attract high-value leasing activity from prominent individuals and affluent tenants.

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