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.

Veteran Bollywood director Subhash Ghai and his wife Mukta Ghai have purchased a luxury apartment in Bandra West, Mumbai, for ₹24 crore, according to property registration documents reviewed by SquareFeatIndia and provided by Square Yards from the office of Inspector General of Registration (IGR) (igrmaharashtra.gov.in). The transaction was officially registered on February 3, 2025.

Bandra, a prime residential hub, is highly sought after due to its proximity to Bandra Kurla Complex (BKC), Mumbai’s key commercial district. The area boasts excellent connectivity via the Western Express Highway, Bandra-Worli Sea Link, international airport, and the upcoming metro. It is home to several Bollywood celebrities, including Suniel Shetty, Ranveer Singh, Deepika Padukone, Sonakshi Sinha, and sports personalities like KL Rahul and Athiya Shetty.

Details of Ghai’s New Apartment

The couple’s new home is located in 81 Aureate, a high-end residential project by MJ Shah Group, spread across 4.48 acres. The apartment features a 4 BHK layout with a carpet area of 4,364 sq. ft. (405.42 sq. m.) and a built-up area of 5,239 sq. ft. (486.69 sq. m.). The purchase includes three car parking spaces.

As per IGR property registration records, the transaction incurred a stamp duty of ₹1.44 crore and registration charges of ₹30,000.

High-Value Transactions in 81 Aureate

Square Yards’ Project Data Intelligence indicates that between February 2024 and January 2025, a total of eight transactions amounting to ₹76 crore were recorded in 81 Aureate. The average resale price for a 4 BHK in the project currently stands at ₹51,636 per sq. ft., while the average monthly asking rent is ₹8.5 lakh.

In a separate recent transaction, Bollywood actress Sonakshi Sinha sold an apartment in the same building for ₹22.50 crore. However, IGR records confirm that she still owns another unit in the project.

Subhash Ghai’s Legacy in Bollywood

Subhash Ghai is a celebrated Indian filmmaker known for directing and producing some of Bollywood’s most iconic films. His illustrious career spans decades, with classics such as Kalicharan (1976), Karz (1980), Hero (1983), Karma (1986), Ram Lakhan (1989), Saudagar (1991), Khalnayak (1993), Pardes (1997), and Taal (1999). Renowned for his storytelling, music, and character-driven narratives, Ghai remains one of the most influential figures in Hindi cinema.

With this high-value real estate purchase, the filmmaker joins the growing list of Bollywood personalities investing in Mumbai’s luxury housing market.

Also Read: Sonakshi Sinha Buys Bandra Home for Rs 11 Crore

The post Subhash Ghai and Wife Mukta Ghai Buy ₹24 Crore Luxury Apartment in Mumbai’s Bandra appeared first on Square Feat India.