NEW DELHI: Subash Ghai, along with Crest Ventures and Mukta Arts, has leased a commercial property in Andheri West, Mumbai starting at a monthly rent of ₹3.38 lakh.
This commercial space, known as Crest Mukta, spans 7,500 sq ft (697 sq meters).
The rental agreement, recorded with a stamp duty of ₹57,500 and registration fees of ₹1,000, involves a security deposit of ₹24.66 lakh, as per documents from the Inspector General of Registration (IGR) reviewed by Square Yards. The contract was officially registered in July 2025.
The lease is set for a duration of 60 months (five years), with the monthly rent starting at ₹3.38 lakh in the initial year and increasing to ₹4.11 lakh in the fifth year. According to analysis by Square Yards, the rent will rise by nearly 5% annually throughout the lease period, leading to a total rental value of approximately ₹2.24 crore over the entire term.
In February 2025, Subhash Ghai and his wife Mukta Ghai acquired an apartment in Bandra West for ₹24 crore.
