Subhash Ghai Leases Commercial Property in Andheri West for ₹3.38 Lakh Monthly Rent
Bollywood director and producer Subhash Ghai has leased a 7,500 sq ft commercial property in Mumbai’s Andheri West for five years, with a monthly rent of ₹3.38 lakh. The property is part of a Crest Mukta building and is leased to Riya Healthcare.
Subhash GhaiAndheri WestCommercial PropertyReal EstateMumbaiReal Estate MumbaiJul 21, 2025
The property, located in a Crest Mukta building, has a built-up area of 7,500 sq ft (approximately 697 sq m). The rental agreement spans 60 months (five years). A security deposit of ₹24.66 lakh was paid, and the rent is set to escalate over the term from ₹3.38 lakh in the first year to ₹4.11 lakh in the final year, as revealed in the documents.
The property has been leased to a company named Riya Healthcare. Subhash Ghai and Riya Healthcare could not be reached for comment. According to Square Yards’ analysis, the rent escalates by close to 5% annually during the span of the lease tenure. Over the full term, the cumulative rental value is calculated at around ₹2.24 crore.
Andheri West is Mumbai’s most established and high-valued real estate market. It offers a combination of premium residential and commercial properties. The locality comprises upscale apartments, heritage bungalows, and boutique commercial developments, attracting both end-users and investors. This area is well-connected to the international airport, the Western Expressway, Andheri Railway Station, and the metro.
Subhash Ghai, along with his wife Mukta Ghai, has been in the news for several real estate transactions. Earlier this year, they purchased an apartment worth ₹24 crore in Bandra West in February 2025. Additionally, they have sold apartments in Mumbai for significant amounts, including a flat in Andheri for nearly ₹13 crore and two apartments in Mumbai for ₹11.61 crore.
Subhash Ghai is an Indian film director, producer, actor, lyricist, music director, and screenwriter, primarily known for his work in Hindi cinema. He was one of the most prominent Hindi filmmakers in the 1980s and 1990s. His notable films include Kalicharan (1976), Vishwanath (1978), Karz (1980), and Hero (1983). In 2006, he set up his own film institute, Whistling Woods International, in Mumbai. The institute has become a leading educational institution in the film and media industry, producing many successful professionals in the field.
Frequently Asked Questions
What is the monthly rent for the property leased by Subhash Ghai?
The monthly rent for the property leased by Subhash Ghai in Andheri West is ₹3.38 lakh.
How long is the lease agreement for the property?
The lease agreement for the property spans 60 months (five years).
What is the built-up area of the leased property?
The built-up area of the leased property is 7,500 sq ft (approximately 697 sq m).
Who is leasing the property from Subhash Ghai?
The property is leased to a company named Riya Healthcare.
What is the cumulative rental value over the full term of the lease?
The cumulative rental value over the full term of the lease is calculated at around ₹2.24 crore.
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