NEW DELHI: Sonu Nigam has rented a commercial space in Trade Centre BKC, Santacruz East, Mumbai, at a monthly rate of ₹19 lakh.
The leased area spans 4,257 sq ft (395 sq meters). The transaction included a stamp duty of ₹3.27 lakh and a registration fee of ₹1,000, along with a security deposit of ₹90 lakh, as per property registration documents from the Inspector General of Registration (IGR) reviewed by Square Yards. The lease was officially recorded in December 2025.
The lease agreement extends over five years. The rent is fixed at ₹19 lakh for the first year, escalating by 5.26% to ₹20 lakh in the second year.
From the second year onward, the rent will increase at a consistent annual rate of 5%, culminating in ₹21 lakh in the third year, ₹22.05 lakh in the fourth year, and ₹23.15 lakh in the fifth year. Overall, the total rental expenditure throughout the lease term is estimated to be ₹12.62 crore, according to Square Yards’ assessment.
