<a href="https://www.mid-day.com/sports/cricket/article/shreyas-iyer-to-be-named-indias-new-t20i-captain-for-uk-tour-23633771" rel="nofollow">Indian T20I skipper Shreyas Iyer</a>&nbsp;has signed a major residential rental agreement in Mumbai, securing a luxury apartment in the upscale Worli area, one of the city&rsquo;s most premium real estate locations.
According to property registration data accessed from the Inspector General of Registration (IGR), the cricketer will begin his stay at a monthly rent of Rs 18.50 lakh.
The leased property is located in the high-end Artesia development in Worli, known for its <a href="https://www.mid-day.com/buzz/article/we-are-creating-golf-course-living-luxury-address-for-luxury-seekers-in-mumbai-mr-vijay-choraria-9092" rel="nofollow">luxury residences and prime city views.</a>
The apartment has a built-up area of around 3,875 square feet (360 sq m) and comes with four dedicated parking spaces, adding to its premium value.
The agreement also involved a security deposit of Rs 74 lakh, along with a stamp duty payment of Rs 1.84 lakh and a registration fee of Rs 1,000.
<h2>Three-year lease</h2>
The rental agreement is set for a duration of 36 months, with a structured yearly increase in rent.
- Year 1: Rs 18.50 lakh per month
- Year 2: Rs 19.79 lakh per month
- Year 3: Rs 21.18 lakh per month
Over the full term, the total rental value of the agreement is estimated at around Rs 7.14 crore.
<h2>Mumbai&rsquo;s Luxury Housing Market in Focus</h2>
The high-value lease highlights Mumbai&rsquo;s growing ultra-luxury rental market, particularly in prime residential zones such as Worli, which continues to attract high-profile tenants from sport, business and entertainment sectors.

Indian batsman Shreyas Iyer has rented a premium 3,875 sq. ft. residence in Mumbai’s iconic Artesia tower, locking in a high-value deal in Worli

Shreyas Iyer rents 3,875 sq ft luxury apartment in Mumbai's Worli

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Indian batsman Shreyas Iyer has rented a premium 3,875 sq. ft. residence in Mumbai’s iconic Artesia tower, locking in a high-value deal in Worli


Shreyas Iyer rents luxury Worli apartment for Rs 18.5 lakh month

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