Bollywood Superstar Salman Khan renews rent licence for supermarket in Mumbai for 89 lakhs a month

B-town actor Salman Khan is a real superstar, but he's also a sharp businessman. Of the many businesses that he runs apart from his movie-related endeavours, his stint in real estate is the least spoke about. Salman has most recently renewed the leave and license for the property that he has hire for a leading supermarket franchise.

The actor has renewed a two-year contract with the retail giant and it will get him a rent of Rs 89.60 lakh for the first year, which will eventually increase to Rs 94.08 lakh in the second year. According to the documents accessed by SquareFeatIndia.com, Salman renewed the lease of the property that at Linking Road in Mumbai he had rented to the Foodhall brand. Salman Khan had previously leased the property to Foodhall's parent retail company for a period of around 5 years in 2017. On September 5, the actor renewed the lease along with TNSI Retail Pvt Ltd a subsidiary of the parent company, which runs Foodhall.

The whole area rented, in a multi-storey building owned and set up by Salman's firm, is around 2568.85 sq mts and it comprises the basement, ground floor, first floor and the second floor of the building in Bandra. A deposit of Rs 2.68 crore was paid for this agreement whereas the stamp duty paid by the parties involved was Rs 5.87 lakh.

This particular supermarket is a grocery, cafe, bakery and gift shop all under same roof and it's become quite a popular hotspot for the residents of Bandra which also includes many Bollywood celebrities, too.