Renowned filmmaker and founder of Whistling Woods International, Subhash Ghai, has made headlines once again—this time for a significant real estate move in Mumbai’s plush Andheri West locality.
According to property registration documents reviewed by a leading real estate portal, Subhash Ghai, in association with Crest Ventures Limited and Mukta Arts, has leased a 7,500 sq ft commercial property situated in a prominent development called Crest Mukta.
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What Are the Key Details of the Lease?
- Property Location: Crest Mukta Building, Andheri West, Mumbai
- Built-Up Area: Approx. 7,500 sq ft (697 sq m)
- Monthly Rent (Starting): ₹3.38 lakh
- Tenure: 5 years (60 months)
- Stamp Duty Paid: ₹57,500
- Registration Charges: ₹1,000
- Security Deposit: ₹24.66 lakh
- Rent Escalation: Annual increase of ~5%
- Final Year Rent: ₹4.11 lakh/month
- Total Lease Value Over 5 Years: ~₹2.24 crore
The agreement was formally registered on July 18, 2025, indicating a long-term strategic lease. Over the five-year span, the rental value will grow steadily, aligning with market appreciation trends in Andheri West.
Who is Leasing the Property from Subhash Ghai?
The property has been leased out to a firm named Riya Healthcare. While both parties have chosen not to comment publicly on the deal, sources confirm that the agreement was executed without any legal or regulatory snags.
Why Andheri West Remains a Prime Choice
Andheri West continues to be one of Mumbai’s most in-demand and well-established micro-markets. Here’s why the area holds prestige:
- High Footfall Commercial Zones
- Proximity to Link Road & Western Express Highway
- Upscale Apartments and Heritage Homes
- A Hub for Entertainment and Media Companies
- Boutique Offices, Cafes, and Premium Showrooms
The combination of elite residential enclaves with boutique commercial properties makes Andheri West a hotspot for industry stalwarts and businesses alike.
Subhash Ghai’s Recent Real Estate Activity
Earlier this year, Subhash Ghai and his wife, Mukta Ghai, made headlines for purchasing a lavish apartment in Bandra West worth ₹24 crore in February 2025. This high-profile acquisition further cements the Ghai family’s active presence in Mumbai’s premium property circuits.
Subhash Ghai: Beyond Real Estate
Subhash Ghai’s legacy in Indian cinema is unmatched. With iconic hits like Karz (1980), Hero (1983), and Saudagar (1991), he was among the most influential filmmakers of the ’80s and ’90s. In 2006, he founded Whistling Woods International, a premier film institute that has since trained some of Bollywood’s brightest talents.
His foray into real estate investments, both personal and commercial, showcases a savvy understanding of Mumbai’s booming property market.
Final Thoughts
This latest lease agreement once again highlights how Mumbai’s high-value neighborhoods like Andheri West remain the top pick for business and entertainment professionals. With Subhash Ghai’s increasing presence in the real estate scene, it’s clear that for industry veterans, property remains a parallel avenue of legacy and investment.
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