Bhatt married his first wife Kiran (born Lorraine Bright) whom he had met while still a student.
His romance with her was the inspiration for his film Aashiqui.
Bhatt and Kiran had two children (Pooja Bhatt and Rahul Bhatt) but his marriage stumbled following the difficulties of his early career.
Bhatt later fell in love with actress Soni Razdan and married her.
Bhatt entered into the world of theatre with his protege Imran Zahid as of now he has produced three plays.