Subhash Ghai Leases Property In Mumbai's Andheri For ₹3.38 Lakh Monthly, To Generate ₹2.24 Crore Rental Income In 5 Years

Veteran Bollywood filmmaker and producer Subhash Ghai, along with Crest Ventures Limited and Mukta Arts, has leased out a commercial property in Andheri West, Mumbai, for a starting monthly rent of Rs 3.38 lakh. The lease agreement was officially registered in July 2025, according to property registration documents reviewed by property portal Square Yards on the Inspector General of Registration (IGR) website.

The rented property is situated in the Crest Mukta development in Andheri West and spans a built-up area of approximately 7,500 sq ft (around 697 sq m).

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The lease agreement, spanning 60 months (five years), includes a security deposit of Rs 24.66 lakh. It was registered with a stamp duty of Rs 57,500 and registration charges of Rs 1,000.

As per Square Yards’ analysis, the rental value is set to escalate annually by nearly 5 per cent. While the starting monthly rent is Rs 3.38 lakh in the first year, it will rise to Rs 4.11 lakh by the fifth year. Over the lease tenure, the total cumulative rental value is expected to be around Rs 2.24 crore.

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The deal adds to Ghai’s growing real estate footprint. Earlier this year, in February 2025, he and his wife, Mukta Ghai, purchased a premium apartment in Bandra West for Rs 24 crore.

The property, located in 81 Aureate, is developed by MJ Shah Group and is spread across 4.48 acres, primarily featuring premium 4BHK apartments.

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Andheri West remains one of Mumbai’s most sought-after real estate hubs, known for its blend of high-end residential properties and boutique commercial developments. The locality boasts excellent connectivity to the international airport, Western Express Highway, Andheri Railway Station, and Mumbai Metro, making it a prime choice for investors and tenants alike.