Sara Ali Khan has leased out her bungalow in Mumbai’s Andheri West in a long-term rental agreement valued at Rs 4.14 crores over approximately five years, according to property registration documents accessed by CRE Matrix. The property, located in the Belscot Co-operative Housing Society at Old Lokhandwala Complex, is expected to be used for school-related activities by the tenant. Monthly rent begins at Rs 6.5 lakhs As per the agreement details, the monthly rent for the bungalow has been set at Rs 6.5 lakhs during the initial phase of the lease. The contract includes a three-year lock-in period, after which the rent will increase by 5 per cent annually from the third year onward.The tenant has also paid a security deposit of Rs 20 lakhs as part of the arrangement.The leave commencement date and rent commencement date for the agreement are both listed as May 1, 2026. Property spans 4,500 sq ft in Lokhandwala Complex The bungalow covers a carpet area of approximately 4,500 square feet and has been leased at a rate of Rs 144.44 per square foot, according to the documents reviewed.Situated in Andheri West’s Old Lokhandwala Complex, the property is located in one of the city’s established residential pockets that has increasingly seen institutional and activity-based leasing in recent years. Continued trend of celebrity real estate activity in Mumbai The transaction adds to a broader pattern of high-value residential leasing involving film personalities in Mumbai’s weste