Sonu Sood’s Versova property lease to Bokka Coffee is set to generate approximately Rs 3.52 crore in rental income over five years. Registered in October 2026, the agreement covers a commercial unit in Aram Nagar, Andheri West, Mumbai, with monthly rent starting at Rs 5 lakh.
Key Takeaways
- Monthly rent rises by approximately 8% annually, reaching Rs 6.80 lakh in the fifth year.
- The transaction includes a Rs 32 lakh security deposit, separate from scheduled rental income.
- Sood also leased a separate BKC commercial property to HDFC Bank earlier in 2026.
Table of Contents
- Versova property lease sets annual rent increases
- Separate HDFC Bank lease has a longer term
- Versova’s transport connections provide location context
- Conclusion
Versova property lease sets annual rent increases
Property registration documents reviewed by real estate services firm Square Yards show a stepped rental schedule across five years. The first 12 months carry a fixed monthly rent, followed by annual increases of approximately 8% from the preceding year.
The scheduled payments add up to about Rs 3.52 crore over the full term. That represents rent due under the agreement, rather than income already received. By the fifth year, the monthly payment will be approximately 36% higher than at the outset.
The transaction incurred stamp duty of Rs 93,000 and registration charges of Rs 1,000. The Rs 32 lakh security deposit is distinct from both those transaction costs and the five-year rental total.
| Item | Details |
|---|---|
| Lease year 1 | Monthly rent: Rs 5,00,000 |
| Lease year 2 | Monthly rent: Rs 5,40,000 |
| Lease year 3 | Monthly rent: Rs 5,83,200 |
| Lease year 4 | Monthly rent: Rs 6,29,860 |
| Lease year 5 | Monthly rent: Rs 6,80,240 |
Separate HDFC Bank lease has a longer term
Earlier in 2026, Sood leased a commercial unit in Trade Centre BKC, Bandra East, to HDFC Bank for nine years. That agreement starts at Rs 11.75 lakh per month, with rent unchanged for the first three years and a 15% increase after each successive three-year period.
The BKC transaction included a Rs 70.50 lakh security deposit. Sood bought the 2,700 sq ft property for Rs 24.25 crore, with the purchase registered in October 2012.
The two agreements use different escalation structures: the Bokka Coffee lease raises rent annually, while the bank lease holds rent steady within three-year blocks.
Versova’s transport connections provide location context
The leased unit is in Aram Nagar, within Versova in Andheri West. The area has access to Link Road, SV Road and the Western Express Highway, alongside metro and suburban rail connections.
Mumbai Metro One’s Versova–Ghatkopar route via Andheri provides east–west connectivity. The operator’s route information explains the area’s transport links; it does not establish the terms or value of Sood’s lease.
Conclusion
The Versova property lease establishes a five-year rental schedule rather than an immediate Rs 3.52 crore receipt. The next contractual step is the first rent increase after the initial 12 months, taking the monthly payment to Rs 5.40 lakh.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
