Shreyas Iyer Rents Luxury Apartment in Mumbai’s Worli for ₹7.14 Crore: Check Monthly Rent, Property Details and Real Estate Trends

June 13, 2026 Sheetal

Shreyas Iyer Takes Premium Apartment on Rent in Mumbai

Indian cricket star Shreyas Iyer has once again grabbed headlines, this time for his real estate move in Mumbai’s ultra-premium residential market. According to property registration documents, the cricketer has rented a luxury apartment in Worli, one of Mumbai’s most sought-after neighborhoods, for a period of three years.

The lease agreement has a total rental value of approximately ₹7.14 crore, making it one of the most talked-about celebrity rental deals of 2026. Reports indicate that the apartment is located in the prestigious Artesia residential tower and offers world-class amenities, spacious living areas, and stunning views of Mumbai’s skyline.

Monthly Rent Starts at ₹18.5 Lakh

As per property registration records analyzed by real estate platform Square Yards, the monthly rent for the first year is ₹18.50 lakh. The lease agreement also includes a 7% annual escalation clause, which means the rent will increase every year during the tenancy period.

The rental structure is as follows:

First Year: ₹18.50 lakh per month
Second Year: ₹19.79 lakh per month
Third Year: ₹21.18 lakh per month

Due to these annual increases, the total rental commitment over 36 months reaches approximately ₹7.14 crore.

Details of Shreyas Iyer’s Luxury Home

The apartment is located in Artesia, a premium residential development in Worli. The property reportedly spans approximately 3,875 square feet (360 square meters), offering ample space and luxury living standards expected in Mumbai’s high-end housing market.

Some notable highlights include:

Approximate area of 3,875 sq ft
Four dedicated parking spaces
Located in Mumbai’s prime Worli locality
Premium residential tower with luxury amenities
Three-year lease tenure

The registration documents also reveal that Iyer paid a security deposit of ₹74 lakh along with applicable stamp duty and registration charges.

Why Celebrities Prefer Worli

Worli has emerged as one of India’s most expensive and prestigious residential destinations. The area is home to leading industrialists, Bollywood celebrities, corporate executives, and sports personalities.

The locality offers several advantages:

Prime Location

Worli provides excellent connectivity to South Mumbai, Bandra-Kurla Complex (BKC), Lower Parel, and the Western suburbs.

Luxury Lifestyle

Residents enjoy access to premium malls, five-star hotels, fine dining restaurants, and exclusive social clubs.

Sea Views and High-End Towers

Many residential developments in Worli offer breathtaking Arabian Sea views and modern amenities such as swimming pools, fitness centers, concierge services, and private lounges.

These factors continue to attract high-net-worth individuals and celebrities looking for luxury rental and ownership opportunities.

Mumbai’s Luxury Rental Market Continues to Grow

Shreyas Iyer’s rental transaction reflects a larger trend in Mumbai’s luxury real estate sector. In recent years, many celebrities and business leaders have preferred premium rental properties instead of immediate property purchases.

Industry experts suggest that luxury rentals provide flexibility while allowing tenants to access prime locations without committing significant capital to property ownership.

The increasing demand for premium residences in areas such as Worli, Bandra, Lower Parel, and BKC has led to a steady rise in rental values across Mumbai’s luxury housing segment.

Shreyas Iyer’s Growing Success

The luxury rental deal comes amid a successful phase in Shreyas Iyer’s cricketing career. Known for his consistent performances and leadership qualities, Iyer remains one of India’s most recognized cricketers.

His growing stature in Indian cricket, brand endorsements, and leadership roles have significantly enhanced his market value, making him one of the country’s highest-profile sports personalities.

Conclusion

Shreyas Iyer’s decision to rent a luxury apartment in Worli for approximately ₹7.14 crore over three years highlights both his success and the continued appeal of Mumbai’s premium real estate market. With a starting monthly rent of ₹18.5 lakh, a spacious 3,875-square-foot layout, and a prestigious address in Artesia, the property reflects the growing demand for luxury rentals among celebrities and affluent professionals.

As Mumbai’s high-end housing sector continues to evolve, deals like this showcase the city’s position as India’s most dynamic luxury real estate destination.

FAQs

1. Where has Shreyas Iyer rented a new apartment?

Shreyas Iyer has rented a luxury apartment in the Artesia residential tower located in Worli, Mumbai.

2. What is the monthly rent of Shreyas Iyer’s new apartment?

The starting monthly rent is ₹18.50 lakh for the first year.

3. What is the total value of the lease agreement?

The three-year lease agreement is valued at approximately ₹7.14 crore.

4. How large is the apartment?

The apartment measures around 3,875 square feet (360 square meters).

5. Does the rent increase every year?

Yes, the agreement includes a 7% annual rent escalation clause.

6. How many parking spaces are included?

The luxury apartment comes with four dedicated parking spaces.

7. What is the duration of the lease?

The lease tenure is 36 months, or three years.

8. Why is Worli considered a premium location?

Worli offers excellent connectivity, luxury residential towers, sea views, and proximity to major business districts, making it one of Mumbai’s most prestigious addresses.