The renowned Imperial Towers building, where Kartik Aaryan’s rented apartment is located, is a landmark in Mumbai’s Juhu neighborhood. The building is known for its luxurious amenities, including a swimming pool, fitness center, and landscaped gardens. Residents of the building also enjoy access to 24-hour security and concierge services.
Aaryan’s decision to rent out his apartment comes at a time when the Mumbai real estate market is witnessing a surge in demand for premium residential spaces. The city’s growing economy, coupled with a rising population, has led to a shortage of high-end housing options. This has driven up rental prices for luxury apartments, making them a lucrative investment for property owners.
It is not uncommon for celebrities to rent out their properties in Mumbai. Many actors and actresses use their homes as investment assets, generating additional income through rentals. Aaryan’s decision to rent out his apartment is likely motivated by similar financial considerations.
However, it is also possible that Aaryan simply no longer needs the apartment. He may have purchased a larger home or may be spending more time traveling for work. Whatever the reason, Aaryan’s decision to rent out his apartment is a testament to the growing demand for luxury housing in Mumbai.
The rental price of ₹4.5 lakh per month for Aaryan’s apartment is a significant sum. However, it is likely to be justified by the apartment’s prime location, luxurious amenities, and the high demand for premium housing in Mumbai.
Aaryan’s decision to rent out his apartment is also a reflection of the changing dynamics of the Mumbai real estate market. In the past, celebrities were more likely to purchase their homes outright. However, as the market has become more competitive, renting has become a more attractive option for some.
It remains to be seen how long Aaryan will continue to rent out his apartment. However, the high demand for luxury housing in Mumbai suggests that he is likely to have a steady stream of interested tenants.
