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Subhash Ghai inks ₹2.24 Cr lease deal for office in Mumbai's Andheri West
Subhash Ghai inks ₹2.24 Cr lease deal for office in Mumbai's Andheri West

Business Standard

time22-07-2025

  • Entertainment
  • Business Standard

Subhash Ghai inks ₹2.24 Cr lease deal for office in Mumbai's Andheri West

Bollywood director and producer Subash Ghai along with firms Crest Ventures Limited and Mukta Arts has given on rent a commercial property located in Andheri West, Mumbai for starting total monthly rent of Rs 3.38 lakh, according to property registration documents reviewed by property portal on the website of the Inspector General of Registration (IGR). The deal was officially registered in July 2025. According to property registration documents from the Inspector General of Registration (IGR), the commercial property given on rent by Shubash Ghai is located in Crest Mukta in Andheri West. It has a built-up area of 7,500 sq. ft. The rental agreement, registered with a stamp duty of Rs. 57,500 and registration charges of Rs. 1,000, includes a security deposit of Rs. 24.66 lakh. The lease tenure spans 60 months (five years). The agreed monthly rent starts at Rs. 3.38 lakh in the first year and escalates to Rs. 4.11 lakh in the final year. According to Square Yards' analysis, the rent escalates close to 5% annually during the span of lease tenure. Over the full term, the cumulative rental value is calculated at around Rs. 2.24 crore. As per Square Yards insights, Subhash Ghai along with his wife Mukta Ghai had purchased an apartment worth Rs. 24 crore in Bandra West in February 2025. Andheri West is one of Mumbai's most established and high-value real estate markets, offering a combination of premium residential and commercial properties. The locality comprises a mix of upscale apartments, heritage bungalows, and boutique commercial developments, attracting both end-users and investors. This area is well-connected with the international airport, the Western Expressway, Andheri Railway Station and the metro. 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.

Subhash Ghai's Mumbai property to earn  ₹2.24 crore rental over 5 years: Report
Subhash Ghai's Mumbai property to earn  ₹2.24 crore rental over 5 years: Report

Mint

time21-07-2025

  • Business
  • Mint

Subhash Ghai's Mumbai property to earn ₹2.24 crore rental over 5 years: Report

Veteran Bollywood filmmaker Subhash Ghai, in partnership with Crest Ventures Limited and Mukta Arts, has leased out a commercial property in Mumbai's Andheri West. According to a report by property portal Square Yards, the lease is projected to generate ₹ 2.24 crore in rental income over a five-year period. The property, situated within the Crest Mukta development, spans approximately 7,500 square feet (697 square metres) of built-up area. The lease was formally registered in July 2025, as per documents accessed via the Inspector General of Registration (IGR) portal. Under the agreement, the initial monthly rent is set at ₹ 3.38 lakh, with scheduled annual increments bringing it to ₹ 4.11 lakh by the fifth year. Square Yards' analysis estimates a rental escalation rate of nearly 5% per annum. The lease tenure covers a total of 60 months. Registration charges for the transaction amounted to ₹ 1,000, with an additional ₹ 57,500 paid in stamp duty. A security deposit of ₹ 24.66 lakh has also been secured as part of the agreement. Andheri West is among Mumbai's most desirable commercial and residential areas, known for its blend of premium housing, heritage properties, and boutique offices. Its strong connectivity to the international airport, Western Express Highway, Andheri railway station and the metro network further enhances its investment appeal. Earlier in 2025, Subhash Ghai and his wife Mukta Ghai also purchased a luxury apartment valued at ₹ 24 crore in the upscale suburb of Bandra West. Subhash Ghai, a key figure in Hindi cinema during the 1980s and 1990s, is celebrated for films such as 'Kalicharan' (1976), 'Karz' (1980), and 'Hero' (1983). Beyond filmmaking, he founded Whistling Woods International, a prominent film and media institute based in Mumbai, in 2006.

Subhash Ghai Rents Out Mumbai Office Space For A Whopping Rs 2.24 Crore For 5 Years
Subhash Ghai Rents Out Mumbai Office Space For A Whopping Rs 2.24 Crore For 5 Years

News18

time21-07-2025

  • Business
  • News18

Subhash Ghai Rents Out Mumbai Office Space For A Whopping Rs 2.24 Crore For 5 Years

Subhash Ghai has leased out a commercial space in Andheri West for Rs 3.38 lakh a month. 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. Subhash Ghai is one of Bollywood's most well-known filmmakers, with a career spanning decades and a long list of popular films to his name. Known for directing blockbusters like Karz, Ram Lakhan, Saudagar, Taal, and Pardes, Ghai made his mark with big, dramatic storytelling and memorable music. He has worked with some of the biggest names in the industry and is also the founder of Whistling Woods International, a well-known film and media institute in Mumbai. First Published: July 21, 2025, 12:59 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

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