This article was last updated on April 16, 2022
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Bollywood actor Amitabh Bachchan is getting a new tenant in the State Bank of India. The bank has leased the ground floor of a property owned by the Bachchans in Mumbai’s upscale Juhu locality. The bank has got into an agreement with Amitabh and Abhishek Bachchan.
The Bachchans have leased a 3,150 sq ft in a building close to the family residence, Jalsa, in Juhu. The bank has agreed to pay Rs. 18.9 lakh as monthly rent for a 15-year lease. As per reports, the rent will see a 25% escalation every five years.
Reportedly, the bank has paid a security deposit of over Rs. 2.26 crore, equivalent to a year's rent. The agreement was registered on September 28, 2021. The property was earlier occupied by Citibank who recently vacated the space.
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