Subhash Ghai Leases Out Commercial Property in Andheri West for ₹3.38 Lakh Monthly
Subhash Ghai, in partnership with Crest Ventures and Mukta Arts, has leased a 7,500 sq ft commercial property in Andheri West, Mumbai, for ₹3.38 lakh per month, with a total lease tenure of five years.
Subhash GhaiMumbai Commercial PropertyAndheri WestCrest VenturesMukta ArtsReal Estate MumbaiJul 21, 2025
The rental agreement was officially registered in July 2025, with a stamp duty of ₹57,500 and registration charges of ₹1,000. According to the Inspector General of Registration (IGR) documents reviewed by Square Yards, the deal includes a security deposit of ₹24.66 lakh.
The lease agreement spans 60 months (five years). The monthly rent starts at ₹3.38 lakh in the first year and is set to increase to ₹4.11 lakh by the final year. This represents an annual rental escalation of approximately 5%. Over the full term of the lease, the cumulative rental value is estimated to be around ₹2.24 crore.
This move by Subhash Ghai and his partners is a strategic one, given the increasing demand for commercial properties in Andheri West. The area is known for its vibrant business environment and is home to numerous companies and startups. The property, located in Crest Mukta, is well-positioned to attract a diverse range of tenants.
Subhash Ghai, along with his wife Mukta Ghai, has also been active in the real estate market recently. In February 2025, they purchased an apartment worth ₹24 crore in Bandra West, another prime location in Mumbai. This acquisition further underscores their commitment to investing in high-value properties in strategic locations.
Crest Ventures and Mukta Arts, both well-established entities in the film and real estate industries, bring a wealth of experience to this partnership. Crest Ventures, known for its diversified portfolio in real estate and investment, has been instrumental in several high-profile projects. Mukta Arts, on the other hand, has a strong presence in the film industry and has been involved in various successful ventures.
The leasing of this commercial property is expected to generate significant returns for the partners, while also contributing to the ongoing development of Andheri West as a key commercial district in Mumbai. The increasing demand for commercial spaces in this area is driven by its strategic location, well-connected infrastructure, and a growing business community.
For potential tenants, the property offers a prime location, modern facilities, and a well-established business environment. The lease agreement provides a flexible and cost-effective solution for companies looking to establish a presence in one of Mumbai's most dynamic commercial areas.
In summary, the leasing of this commercial property in Andheri West by Subhash Ghai, Crest Ventures, and Mukta Arts represents a strategic and well-calculated move in the Mumbai real estate market. It not only secures a valuable asset but also aligns with the growing demand for commercial spaces in this thriving business district.
Frequently Asked Questions
What is the monthly rent for the commercial property leased by Subhash Ghai?
The monthly rent for the commercial property leased by Subhash Ghai is ₹3.38 lakh.
What is the total built-up area of the leased property?
The total built-up area of the leased property is 7,500 square feet (697 square meters).
How long is the lease tenure for the property?
The lease tenure for the property is 60 months (five years).
What is the security deposit for the leased property?
The security deposit for the leased property is ₹24.66 lakh.
Where is the leased property located?
The leased property is located in Andheri West, Mumbai.
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