Subhash Ghai, the renowned Bollywood director and producer, along with Crest Ventures Limited and Mukta Arts, has entered into a significant lease agreement for a commercial property in Mumbai’s bustling Andheri West area. The 7,500 sq ft property has been secured for a five-year term at a starting monthly rent of ₹3.38 lakh. This notable real estate transaction highlights Ghai’s continued engagement in Mumbai’s property market and underscores the area’s ongoing appeal for commercial ventures.
The lease agreement for the property, situated within a Crest Mukta building, was officially registered on July 18, 2025. The transaction involved a stamp duty payment of ₹57,500 and registration charges amounting to ₹1,000, in addition to a security deposit of ₹24.66 lakh. Over the 60-month lease term, the rent is structured to escalate annually by nearly 5%, with the monthly rent projected to increase from ₹3.38 lakh in the first year to ₹4.11 lakh by the final year of the agreement. The cumulative rental value over the entire five-year tenure is estimated to be approximately ₹2.24 crore.
The commercial space has been leased to Riya Healthcare. While immediate comments from Subhash Ghai and Riya Healthcare regarding the transaction were not available, the deal reinforces the premium nature of commercial properties in Andheri West. This locality is widely recognized as one of Mumbai’s most established and high-valued real estate markets, offering a blend of upscale residential and commercial developments. Its strategic location provides excellent connectivity to the international airport, the Western Expressway, Andheri Railway Station, and the metro network, making it a highly sought-after destination for businesses and investors.
Subhash Ghai’s continued activity in Mumbai’s real estate sector reflects his strong confidence in the city’s property market. This latest lease deal follows his previous acquisition of a ₹24 crore apartment in Bandra West earlier in February 2025, further solidifying his significant presence in the city’s vibrant real estate landscape. Such high-value transactions by prominent figures contribute to the dynamism of Mumbai’s property sector, indicating robust demand for prime commercial and residential spaces.
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Subhash Ghai Leases Mumbai Property For Rs3.38 Lakh Monthly Rent
