Bollywood powerhouse Dharma Productions, led by Karan Johar, has leased a 5,500 sq. ft. office space in Andheri West, Mumbai, for ₹15 lakh per month. The four-year lease, registered in September 2025, includes a 5% annual escalation and a total estimated payout of ₹7.75 crore over the term. The deal reflects the continued demand for premium offices in Mumbai’s entertainment-linked submarkets.
Dharma Productions’ New Lease Deal
Dharma Productions Private Limited has signed a four-year lease agreement for a commercial property in Signature by Lotus Developers, located in Andheri West. According to property registration documents reviewed by Square Yards, the deal was registered in September 2025 at a starting monthly rental of ₹15 lakh. Over the tenure, the rent will escalate annually by 5%, ending at approximately ₹17.36 lakh per month in the final year.
The company paid a one-time stamp duty of ₹2.04 lakh, registration charges of ₹1,000, and a ₹1 crore security deposit. The total outlay over the lease period is projected to reach around ₹7.75 crore.
Prime Location Advantage in Andheri West
Andheri West remains one of Mumbai’s most sought-after business and entertainment hubs. It offers excellent road, rail, and metro connectivity and sits close to Chhatrapati Shivaji Maharaj International Airport. The area’s proximity to key business districts such as Bandra Kurla Complex (BKC), SEEPZ, and Lower Parel enhances its appeal among media, film, and corporate occupiers.
Apart from housing major production houses, the area has also seen interest from individual celebrities and creative professionals looking for flexible, well-designed office setups within reach of the city’s studio ecosystem.
Celebrity Real Estate Moves in the Neighbourhood
Andheri West continues to attract both investors and tenants from Bollywood. Actor Kartik Aaryan and his mother recently purchased an office in the same project, Signature by Lotus, while other prominent personalities such as Ajay Devgan, Kajol Devgan, Amitabh Bachchan, Sara Ali Khan, and Manoj Bajpayee have also invested in nearby commercial properties.
Notably, Karan Johar had earlier rented a property in Pali Hill for ₹8 lakh per month and recently entered a strategic partnership with Adar Poonawalla’s Serene Productions to sell 50% of Dharma Productions in a ₹1000 crore deal.
The FlexInsights Take
Dharma Productions’ lease exemplifies how creative and entertainment-led businesses continue to anchor demand in Mumbai’s premium office corridors. With production houses expanding operations and hybrid creative workspaces gaining traction, submarkets like Andheri West are witnessing renewed rental momentum. The ₹15 lakh monthly lease by Dharma Productions reinforces confidence in Mumbai’s Grade-A office segment, especially within proximity to media ecosystems.
As media-driven demand strengthens, developers and investors can expect sustained leasing interest from film, digital entertainment, and content production enterprises across Mumbai’s western suburbs
