Bollywood Legend Subhash Ghai Inks Landmark Andheri West Lease Deal

Shaping Mumbai’s Skyline: A Filmmaker’s New Script

In the heart of Mumbai’s buzzing Andheri West, creativity and commerce have forged a notable alliance. Acclaimed Bollywood director-producer Subhash Ghai, alongside Crest Ventures Limited and Mukta Arts, has signed a five-year commercial lease for an expansive 7,500 sq ft office in the Crest Mukta building, deepening his ties to Mumbai’s most vibrant real estate market. This prime property, registered on July 18, 2025, commands a starting monthly rent of ₹3.38 lakh and will escalate nearly 5% each year—touching ₹4.11 lakh in its final year and totaling a cumulative rental value of about ₹2.24 crore over the full term.

A security deposit of ₹24.66 lakh and government levies (stamp duty: ₹57,500; registration: ₹1,000) further anchor this significant deal. The lease was granted to Riya Healthcare, an emerging player vying for a prestigious Mumbai address. Both Ghai and Riya Healthcare have kept public comment at bay, letting the figures speak for themselves.

Andheri West: Mumbai’s Golden Intersection

Andheri West stands as a beacon of urban aspiration. As Mumbai’s most established and high-valued micro-market, it blends luxury residences, heritage bungalows, and sought-after boutique commercial spaces. Bollywood’s creative pulse resonates here, but so does the steady hum of global business. With proximity to the international airport, the Western Expressway, Andheri Railway Station, and extensive metro lines, this locality offers investors and end-users alike the kind of accessibility that keeps rental demand robust and property values rising.

• Connectivity: Effortless access to transit hubs, commercial districts (like BKC and SEEPZ), and major lifestyle amenities.
• Diverse Offerings: Upscale apartments, commercial towers, and creative hubs attract both multinational tenants and homegrown entrepreneurs.
• Enduring Growth: Annual commercial leases, such as Ghai’s, underscore the district’s future-ready positioning.

Subhash Ghai: Cinematic Vision and Strategic Moves

Known for cinematic classics like Karz, Hero, and Vishwanath, Subhash Ghai’s real estate script is equally accomplished. Earlier in 2025, Ghai and his wife Mukta invested ₹24 crore in a premier apartment in Bandra West, sealing his status among Mumbai’s top property connoisseurs. Past years have seen Ghai both buying and selling in Mumbai’s luxury corridors, balancing artistic vision with keen investment acumen.

What This Deal Means for Real Estate Enthusiasts

• For Investors: Big-ticket deals reflect unwavering confidence in Andheri West’s commercial upside and skyline transformation.
• For Tenants: Coveted office addresses come at a premium, driven by business demand, urbane lifestyles, and transport links.
• For Creatives: The presence of top film, media, and healthcare brands makes Andheri West a magnetic stage for talent and entrepreneurship.

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