India, March 27 -- Madhuri Dixit has taken a commercial office space on lease in Mumbai's Lower Parel for five years at a total rent of Rs.2.81 crore, as per documents reviewed by Square Yards.

According to property registration documents, the commercial unit is located in One Lodha Place, Lower Parel, with a carpet area of 731 sq ft. The deal also includes one car parking space and was registered with a stamp duty of Rs. 72,600, registration charges of Rs. 1,000 and a security deposit of Rs. 17 lakh.

The lease tenure is 60 months (5 years), and the agreed monthly rent commences at Rs. 4.25 lakh for the first year and increases by 5 per cent to Rs. 4.46 lakh in the second year. It further rises by 5 per cent to Rs. 4.68 lakh in the thir...