 "Imran Khan, Katrina Kaif, Kriti Sanon: Why Bollywood stars prefer to stay on rent than buying a house")
Bollywood star Imran Khan and his girlfriend Lekha Washington recently rented an abode in Mumbai for Rs 9 lakhs per month from filmmaker Karan Johar. But Khan isn’t the only actor from the industry to lease an apartment on rent. There are many other names like Katrina Kaif, Kartik Aaryan, Kriti Sanon. There could be a reason why many Bollywood stars prefer to rent a property instead of buying it.
The first reason could be an actor’s willingness to stay at a particular property especially if it’s sea facing. What could be the other reasons?
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So the next best option is to rent. Yet another reason is unstable income because of which they may not want to commit to a large outgo on purchase. They, therefore, prefer to spend a high amount on rent rather than purchasing an apartment.
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They first prefer to take the flat on lease but keep scouting for the right fit. Once they find the apartment of their choice, they eventually buy it. There have also been cases wherein newcomers first decide to take a house on rent as they may not be able to afford an apartment at the start of their careers. Besides, their earnings are not regular and they may not prefer committing to regular EMIs. Having said that, there are actors who buy apartments only to rent them out for rental income.
The actors who have rented an apartment in recent times are Tiger Shroff, Shahid Kapoor, Ranbir Kapoor, and even Salman Khan.