Salman Khan renews lease licence for grocery store in Mumbai for 89 lakhs a yr – Instances of India

Salman Khan is a veritable celebrity, however he is additionally an astute businessman. Of the numerous companies that he runs other than his movie-related endeavours, his stint in actual property is the least talked about. ETimes has learnt that Salman has lately renewed the depart and license for the property that he has rented to a number one grocery store franchise.

The actor has renewed a two-year settlement with the retail big and it’ll get him a lease of Rs 89.60 lakh for the primary yr, which is able to enhance to Rs 94.08 lakh within the second yr. Based on paperwork accessed by SquareFeatIndia.com, Salman renewed the lease of the property that he had rented to the Foodhall model at Linking Highway in Mumbai. Salman Khan had earlier leased the property to Foodhall’s guardian retail firm for a interval of 5 years in 2017. On September 5, the actor renewed the lease with TNSI Retail Pvt Ltd a subsidiary of the guardian firm, which runs Foodhall.

The entire space rented, in a multi-storey constructing owned and constructed by Salman’s agency, is 2568.85 sq mts and it consists of the basement, floor ground, first ground and the second ground of the constructing in Bandra. A deposit of Rs 2.68 crore was paid for this settlement whereas the stamp responsibility paid by the events concerned was Rs 5.87 lakh.

This specialised grocery store is a grocery, cafe, bakery and reward store all beneath one roof and it is grow to be fairly a preferred hotspot for Bandra residents which incorporates many Bollywood celebrities, too.