Curation Team
NEW DELHI: Subash Ghai along with firms Crest Ventures and Mukta Arts have given on rent a commercial property located in Andheri West, Mumbai for starting total monthly rent of ₹3.38 lakh.
The commercial property is located in Crest Mukta and has a built-up area of 7,500 sq ft (697 sq meters).
The rental agreement, registered with a stamp duty of ₹57,500 and registration charges of ₹1,000, includes a security deposit of ₹24.66 lakh, according to the Inspector General of Registration (IGR) documents reviewed by Square Yards. The deal was officially registered in July 2025.
The lease tenure spans 60 months (five years). The agreed monthly rent starts at ₹3.38 lakh in the first year and escalates to ₹4.11 lakh in the final year. According to Square Yards’ analysis, the rent escalates close to 5% annually during the span of lease tenure. Over the full term, the cumulative rental value is calculated at around ₹2.24 crore.
Subhash Ghai along with his wife Mukta Ghai had purchased an apartment worth ₹24 crore in Bandra West in February 2025.
