The property, situated in the Crest Mukta building, has a built-up area of 7,500 sq. ft., and sits in one of Mumbai’s most active and high-value commercial zones. The lease begins with a monthly rent of ₹3.38 lakh in the first year, escalating to ₹4.11 lakh by the fifth year—amounting to an average annual increase of about 5%.

The lease agreement was registered with stamp duty of ₹57,500 and registration fees of ₹1,000. A security deposit of ₹24.66 lakh was also made by the tenant as part of the deal.

Andheri West remains one of the most prominent commercial and residential hubs in Mumbai, offering excellent connectivity to the Western Express Highway, metro lines, Andheri Railway Station, and Mumbai International Airport. Its mix of premium housing, office spaces, and retail establishments continues to attract top investors and tenants.

This deal adds to Ghai’s growing real estate footprint. In February 2025, Subhash Ghai and his wife Mukta Ghai purchased a ₹24 crore apartment in Bandra West.

Widely regarded as a legendary name in Hindi cinema, Subhash Ghai is known for iconic films such as Karz (1980), Hero (1983), and Ram Lakhan (1989). He also founded Whistling Woods International, a premier film and media institute, in 2006.

Also Read: Subhash Ghai and Wife Mukta Ghai Buy ₹24 Crore Luxury Apartment in Mumbai’s Bandra

The post Subhash Ghai Leases Out Andheri West Commercial Property, to Earn ₹2.24 Crore Over 5 Years appeared first on Square Feat India.

Details of the Transactions

As per the documents available on the Inspector General of Registration (IGR) Maharashtra website accessed by Square Yards, Ghai sold two apartments within the same complex, on the same floor, for an identical price of ₹5.80 crore each.

• First Apartment
  • Sale Price: ₹5.80 crore
  • Carpet Area: 889 sq. ft (~82.59 sq. m)
  • Built-up Area: 1,067 sq. ft (~99.14 sq. m)
  • Stamp Duty: ₹34.83 lakh
  • Registration Fee: ₹30,000
• Second Apartment
  • Sale Price: ₹5.80 crore
  • Carpet Area: 889 sq. ft (~82.59 sq. m)
  • Built-up Area: 1,067 sq. ft (~99.14 sq. m)
  • Stamp Duty: ₹34.83 lakh
  • Registration Fee: ₹30,000

Why Jogeshwari?

Jogeshwari, located in Mumbai’s western suburbs, is known for its excellent connectivity to key commercial and entertainment hubs. The area is well-connected through:

• Western Express Highway
• Jogeshwari-Vikhroli Link Road (JVLR)
• Multiple railway stations and metro lines

This makes it a sought-after location for real estate investments, offering a blend of residential convenience and commercial accessibility.

About Subhash Ghai

Often referred to as the “Showman of Bollywood,” Subhash Ghai is a legendary filmmaker who has delivered iconic films like Ram Lakhan, Khalnayak, Taal, Pardes, and Saudagar. Over the years, he has won several prestigious accolades, including the Filmfare Award for Best Director and the National Film Award for his contributions to Indian cinema.

Apart from filmmaking, Ghai is also the founder of Whistling Woods International, one of India’s leading film schools, where he has been instrumental in mentoring aspiring filmmakers.

Market Impact

The sale of these premium apartments highlights the continued demand for high-end residential properties in Mumbai’s western suburbs. Industry experts believe that transactions like these further strengthen Jogeshwari’s reputation as a growing real estate hub.

For more updates on Mumbai’s real estate market, stay tuned.

Also Read: Subhash Ghai and Wife Mukta Ghai Buy ₹24 Crore Luxury Apartment in Mumbai’s Bandra

The post Subhash Ghai Sells Two Apartments in Mumbai’s Jogeshwari for ₹11.61 Crore appeared first on Square Feat India.