Subhash Ghai Leases Out Mumbai Office Space for Rs 2.24 Crore Over 5 Years
Filmmaker Subhash Ghai has quietly expanded his presence in Mumbai’s real estate scene. The veteran filmmaker has just leased out a commercial property in Andheri West, locking in a five-year deal with a starting monthly rent of Rs 3.38 lakh.
The space is located in the Crest Mukta development and covers a built-up area of around 7,500 sq ft. The agreement, signed in July 2025, involves Mukta Arts, Ghai’s production banner, and Crest Ventures Limited.
According to property records accessed by real estate portal Square Yards through the IGR (Inspector General of Registration) site, the lease comes with a security deposit of Rs 24.66 lakh. Stamp duty for the deal was Rs 57,500, with an additional Rs 1,000 paid in registration charges.
The lease has a built-in rent escalation clause. As per Square Yards’ review, the monthly rent will increase by nearly 5 per cent each year – reaching Rs 4.11 lakh in the fifth year. Across the full 60-month term, the total rent is expected to add up to roughly Rs 2.24 crore.
This deal follows Ghai’s big residential purchase earlier this year. Back in February 2025, he and wife Mukta Ghai picked up a luxury apartment in Bandra West for Rs 24 crore. The home is in 81 Aureate – a premium development by MJ Shah Group – which spans 4.48 acres and mostly features 4BHK flats. The building is known for its high-end finishes and prime location near the sea-facing stretch of Bandra.
With both commercial and residential deals locked in within a few months, Ghai seems to be actively strengthening his real estate portfolio in key pockets of Mumbai.
