Veteran Filmmaker Subhash Ghai Secures Premium Commercial Space in Andheri West for ₹2.24 Crore

Veteran filmmaker Subhash Ghai, in collaboration with Crest Ventures and Mukta Arts, has reportedly secured a five-year commercial lease in Mumbai's prestigious Andheri West, marking another significant property transaction in the city's bustling business corridor.

Key Lease Details

According to industry sources, the commercial space in Andheri West spans approximately 7,500 square feet within the Crest Mukta building. The deal is said to begin with a monthly rent of ₹3.38 lakh, escalating annually by approximately 5% to reach ₹4.11 lakh in the fifth year.

Industry experts note that a security deposit of ₹24.66 lakh was reportedly paid, along with the standard stamp duty and registration fees. The lease arrangement is projected to generate close to ₹2.24 crore in total rental income over its complete tenure.

Andheri West's Commercial Appeal

Andheri West continues to maintain its position among Mumbai's most coveted micro-markets, seamlessly combining high-end residential and commercial properties. The area's strategic connectivity to the international airport, railway network, metro lines, and the Western Express Highway makes it increasingly attractive to premium tenants and investors.

Real estate analysts suggest that commercial real estate investment in Mumbai continues to show strong fundamentals, particularly in established micro-markets like Andheri West.

Industry Significance

Market observers indicate that Subhash Ghai's deal reflects growing confidence in Andheri West's commercial viability and aligns with his expanding real estate portfolio in Mumbai. Earlier reports suggested that he and his wife Mukta had acquired a high-value apartment in Bandra West, demonstrating sustained interest in the city's upscale property landscape.

This transaction follows other significant commercial deals in the area, including WeWork India's major office lease in the neighboring Andheri East, highlighting the broader appeal of the Andheri corridor for business operations.

Market Outlook

Property consultants suggest that this lease deal represents a growing trend of prominent individuals opting for large-format commercial spaces in prime suburban zones. For both landlords and tenants, such transactions underscore Andheri West's potential for premium rents and long-term capital appreciation.

The deal also comes at a time when Mumbai's commercial real estate market is witnessing increased activity, with several smart real estate investment strategies being deployed by high-net-worth individuals and corporate entities.

With ongoing infrastructure developments, including Mumbai-Navi Mumbai airport connectivity improvements, the western suburbs are expected to maintain their appeal for premium commercial transactions.