Subhash Ghai Secures Prime Commercial Space in Mumbai
Veteran filmmaker Subhash Ghai has made a significant move in Mumbai’s real estate market by securing a commercial lease in Andheri West. Partnering with Crest Ventures Limited and his own Mukta Arts, Ghai’s latest venture highlights his expanding interests beyond filmmaking. The lease, valued at Rs 3.38 lakhs per month, is part of a broader strategy to establish a strong presence in the city’s bustling commercial landscape.
Lease Details and Financial Breakdown
The lease agreement, officially registered in July 2025, involves a property within the Crest Mukta development. This commercial space spans approximately 7,500 square feet and is strategically located in Andheri West, a hub for entertainment and media enterprises. The agreement is set for a duration of five years, with an initial monthly rent of Rs 3.38 lakhs. Notably, the rental amount is structured to increase by about 5% each year, culminating in a monthly rent of Rs 4.11 lakhs by the end of the lease term. Over the five years, the total rental expenditure is projected to reach Rs 2.24 crores. To finalize the lease, Ghai and his partners provided a security deposit of Rs 24.66 lakhs, along with stamp duty of Rs 57,500 and registration fees of Rs 1,000.
Crest Mukta: A Strategic Choice
The property is part of the Crest Mukta project, a commercial development that represents the collaboration between Mukta Arts and Crest Ventures. This complex is designed with modern amenities and is ideally situated to attract businesses in film production, media, and related creative sectors. The location aligns perfectly with Ghai’s cinematic legacy and extensive network within the industry, making it a strategic choice for his expanding business interests.
Ghai’s Expanding Real Estate Portfolio
This latest commercial lease follows a notable residential acquisition by Subhash Ghai earlier this year. In February 2025, Ghai and his wife, Mukta Ghai, purchased a luxurious apartment in Bandra West for Rs 24 crores. The property, located in the upscale 81 Aureate development by MJ Shah Group, spans 4.48 acres and features high-end 4BHK apartments. This acquisition caters to elite buyers, including industry veterans and celebrities, further showcasing Ghai’s commitment to building a diverse real estate portfolio.
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