Madhu Chopra, mother of global actress Priyanka Chopra, along with her son Siddharth Chopra, has leased a luxury property in Pune’s upscale Koregaon Park. The lease agreement was officially registered in February 2025, according to documents reviewed by Square Yards via the Maharashtra IGR portal.

The 4,800 sq. ft (approximately 445.9 sq. m) property is being rented out for ₹2.25 lakh per month. The lease also includes a security deposit of ₹13.5 lakh, a 36-month lock-in period, and an annual rent escalation clause of 5%.

Financial Details of the Lease

Monthly Rent (Year 1): ₹2.25 lakh

Annual Escalation: 5%

Projected Monthly Rent (Year 5): ₹2.73 lakh

Total Estimated Rental Income (5 Years): ₹1.49 crore

Stamp Duty Paid: ₹39,000

Registration Fee: ₹1,000

The lease agreement indicates a rental yield of 4.8% in the first year, gradually increasing to 5.86% by the fifth year — making it a sound long-term investment.

Property Background and Market Trends

The Chopra family purchased the property in August 2017 for ₹5.6 crore. Given the steady rental returns and premium location, the asset continues to hold strong investment potential.

Koregaon Park is known for its greenery, high-end residential options, and proximity to Pune’s business and leisure zones. It remains a sought-after location due to its blend of old-world charm and modern amenities.

Square Yards’ data intelligence reports that the locality saw 136 property transactions between December 2023 and December 2024, with a cumulative transaction value of ₹125 crore. As of December 2024, the average property rate in Koregaon Park stood at ₹17,250 per sq. ft.

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