New Delhi, Aug. 14 -- Bollywood actor Ajay Devgn and his mother Veena Devgn have leased out their 7,803 sq ft bungalow in Juhu's Kapol Co-operative Housing Society (CHS), with the agreement set to generate a estimated rental income of Rs.10.61 crore over five years.

According to property registration documents reviewed by real estate platform Square Yards, the lease has a tenure of 60 months. The monthly rent starts at Rs.16 lakh and is subject to annual 5% annual increase during the lease period.

Based on the agreed escalation, the estimated rental income over the five-year term works out to approximately Rs.10.61 crore. The agreement also includes a security deposit of Rs.48 lakh.

The bungalow had a built-up area of 724.90 sq m, equi...