Shreyas Iyer has leased a Worli apartment for ₹7.14 crore over three years, joining a growing list of Indian cricketers using leased premium property rather than outright ownership.
Shreyas Iyer has leased an apartment in Mumbai's Worli for three years at a total rent of ₹7.14 crore, according to property registration documents accessed by Square Yards. Most coverage of celebrity property news defaults to ownership stories, so a high-value lease is worth pausing on specifically because it represents a different financial choice than the purchase-driven narrative that usually dominates this beat.
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Cricketers, much like Bollywood actors, operate within a genuinely short peak-earning window, often just five to 15 years compared to three to four decades for most professionals. A long-term lease on a premium property offers flexibility that an outright purchase doesn't, no capital tied up in illiquid real estate during a period when career location can still shift, while still securing a premium address for the duration that matters.
Iyer isn't an outlier. Cricketers including Shubman Gill, Suryakumar Yadav, Shivam Dube, KL Rahul, and Rohit Sharma have all been actively investing in property recently. What's notable is the split in strategy: some are buying outright for long-term appreciation, while a lease like Iyer's suggests prioritizing premium location and flexibility over asset accumulation at this specific career stage.
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Worli led Mumbai's ultra-luxury transaction data in Q1 FY27, with 97 registered sales worth ₹2,272 crore and an average ticket size of ₹23.4 crore, more than double the citywide average. A ₹7.14 crore lease sitting inside that same neighbourhood confirms Worli's premium isn't just showing up in sale prices, it's showing up in what people are willing to pay just to rent there.
We'd read Iyer's lease and Siddhant Chaturvedi's back-to-back purchases as two ends of the same spectrum, one optimizing for flexibility, the other for conviction in a specific building. Neither is objectively the smarter move, it depends entirely on how certain you are about your own time horizon in a city, which is exactly the question worth asking yourself before choosing between renting and buying at any price point, not just this one.
