Subhash Ghai's Andheri Commercial Property to Generate Rs 2.24 Crore in Rental Income
Veteran filmmaker Subhash Ghai, along with Crest Ventures and Mukta Arts, has leased a commercial property in Andheri West, Mumbai, expected to earn Rs 2.24 crore over five years.
Subhash GhaiMumbai Real EstateAndheri WestCommercial PropertyRental IncomeReal Estate MumbaiJul 21, 2025
The lease agreement, reviewed by property portal Square Yards on the Maharashtra Inspector General of Registration (IGR) website, was officially registered in July 2025.
Located in the high-demand locality of Andheri West, the property sits within the Crest Mukta complex and spans a built-up area of 7,500 sq. ft. (about 697 sq. m.).
This area is known for its strategic connectivity—close to the international airport, Western Express Highway, metro, and railway station—making it a prime commercial hub in Mumbai. Andheri West is characterized by a mix of luxury residential developments and high-end commercial spaces, drawing interest from both investors and business occupants.
As per the registration documents, the lease agreement was finalized with a monthly starting rent of Rs 3.38 lakh. Over the 60-month lease tenure, the rent will see an annual escalation of approximately 5%, culminating at Rs 4.11 lakh in the final year. The total rental income over this period is projected to be around Rs 2.24 crore. The lease was registered with a stamp duty of Rs 57,500 and a registration fee of Rs 1,000, alongside a security deposit of Rs 24.66 lakh.
This strategic commercial investment complements Ghai’s residential investment earlier this year. In February 2025, Subhash Ghai and his wife Mukta Ghai purchased a premium apartment in Bandra West for Rs 24 crore, underlining their strong presence in Mumbai’s high-end real estate market.
Subhash Ghai, a stalwart of Indian cinema, is celebrated for directing and producing landmark films such as Kalicharan (1976), Karz (1980), and Hero (1983). Apart from his contributions to cinema, he is also the founder of Whistling Woods International, a renowned film and media institute in Mumbai, established in 2006.
The lease of the Crest Mukta property reinforces Ghai’s growing footprint in the Mumbai real estate sector, aligning with a broader trend of Bollywood celebrities investing in commercial and residential assets in prime locations.
Frequently Asked Questions
What is the total rental income expected from Subhash Ghai's commercial property in Andheri West?
The property is expected to generate a cumulative rental income of approximately Rs 2.24 crore over a five-year period.
Where is the commercial property located?
The commercial property is located in Andheri West, Mumbai, within the Crest Mukta complex.
What is the built-up area of the commercial property?
The property spans a built-up area of 7,500 sq. ft. (about 697 sq. m.).
What is the starting monthly rent for the property?
The starting monthly rent for the property is Rs 3.38 lakh.
What is the annual rent escalation rate for the lease?
The annual rent escalation rate for the lease is approximately 5%.
Related News Articles
Mumbai's Luxury Real Estate Market Soars: Ashar Group Sells Triplex Apartment for Rs 172 Crore
Ashar Group sets a new benchmark in Mumbai's real estate market with the sale of a luxury triplex apartment to Apco Infratech for a whopping Rs 172 crore.
Optimism in Real Estate Stocks Remains Despite Government's Indexation Benefit Axing
Mutual funds remain positive on real estate stocks despite the government's decision to reduce long-term capital gains tax and abolish indexation benefits.
Woman and Two Others Extort Rs 36.89 Lakh from 60-Year-Old Real Estate Executive in Mumbai
According to police sources, the 60-year-old man, who works for a prominent real estate company in Mumbai, was in touch with the accused woman for several months. The woman and her accomplices used threats and blackmail to extort a total of Rs 36.89 lakh
Akshay Bhagwat from JM Financial Recommends SIP Investments in JSW Infra, DLF, and Dr. Reddy's
News · BT TV. Akshay Bhagwat from JM Financial suggests SIP investments in JSW Infra, DLF, and Dr. Reddy's for long-term growth. For real estate enthusiasts, DLF stands out as a stable investment with promising returns.
Income Tax Seizes Benami Properties Linked to Pintail-Amravati Group
The Income Tax Department has attached prime land parcels and properties linked to the Pintail-Amravati real estate group. The investigation revealed that key individuals, including Chaturvedi and his network, may have been involved in a complex scheme to
Adani Group's Dharavi Redevelopment Project: Supreme Court Denies Stay
The Supreme Court of India has refused to stay the Dharavi redevelopment project, a significant win for the Adani Group's real estate division, Adani Properties. The project, which has been a topic of extensive debate, aims to transform one of the world's