Bollywood film screenwriter, director, and producer Karan Johar has renewed the lease of two commercial properties in the name of Dharma Productions. The monthly rent of both these properties is Rs 17.56 lakh and Rs 6.15 lakh. This information has been received from Zapkey.com, which does analysis and research in the real estate sector.
Leave and License were registered on 25 August 2021. We have inquired with Moneycontrol regarding this, but have not received any response. Please tell that Dharma Productions is a film production distribution firm. It was established in 1979 by Karan Johar’s father Yash Johar.
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The first commercial property is in the second floor of the Supreme Chambers building at Veera Desai Road in Andheri West, Mumbai. The lease of this property has been renewed from 1 May 2021. The area of this property is 11,374 sq ft and its rent is being charged at Rs 155 per sq ft. This lease has been renewed for 60 months. Earlier both the properties were given on lease in the year 2017. After the end of its lease, it has been renewed again from 1 May 2021.
In this, the security deposit of the first property is Rs 75 lakhs while the security deposit of the second property is Rs 25 lakhs. As per the agreement, the rent will be increased by 10% every year.
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Another property is also on the same floor in the same building. Its area is 3,971 square feet and its carpet area is 2,820 square feet. Its rent is Rs 6.15 lakh per month and it is being charged from Rs 155 per sq ft. The second property is owned by Yashwan Productions Private Limited. In this company, Karan Johar’s mother Hiroo Yash Johar, Apoorva Jekisandas Mehta and Karan Johar are as directors.
The Leave and License agreement of the second property was also registered on 25 August 2021. The renewal of its second lease has also been implemented from 1 May 2021. The Supreme Chambers has a total of 10 floors including the ground floor. The total area of the building is about 250,000 square feet. In this, people associated with BFSI, media houses, shipping have taken it on rent.
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