Commercial real estate hubs of Mumbai

Commercial real estate hubs of Mumbai

Mumbai is recognized as the commercial capital of India because Mumbai offers an economic landscape in India as well as in Asia. The Mumbai commercial...

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Mumbai is recognized as the commercial capital of India because Mumbai offers an economic landscape in India as well as in Asia. The Mumbai commercial market includes businesses from different sectors such as banking, insurance, financial services, IT, ITES, and many more services. The city is recognized for the National Stock Exchange, the Reserve Bank of India (RBI) Headquarters, Bollywood- Film City and home to various multinational corporate houses. Mumbai’s real estate market has shown consistent stability even in situations of economic uncertainty; as a result, Mumbai holds the number one position investment.

A lot of corporate and investors are focusing to invest in Mumbai’s real estate market. Even though the real estate market has been increasing in prices rapidly with the passing years still the commercial properties remain in high demand because of the high return value and great value for the investment. It is assumed that over a period of time one can expect a return of approximately 15 to 20% through investments in Mumbai’s commercial real estate market. The demand is not just limited to commercial real estate properties for sale but commercial office spaces for renting and lease purpose as well. The Commercial Properties for Rent in Sakinaka, Andheri East, Worli, Bandra Kurla Complex, Nariman Point are few of the major attraction amongst the commercial real estate investors. This is resulting in a hike of demand causing the prices the prices to rise rapidly. Henceforth attracting a lot of prospective property investors.

The major commercial real estate properties that are a major attraction amongst the property investors are the Peripheral Business Districts of Andheri – Jogeshwari,  Goregaon-Malad, Powai- LSB Marg and Thane-Navi Mumbai, The Central Business District (CBD) which consists of the micro markets of Churchgate, Ballard Estate, Nariman Point, Cuffe Parade, Fort, etc. The secondary Business District (SBD) which includes the micro markets of Lower Parel, Bandra Kurla Complex (BKC), Prabha Devi, Whorli, and Kalina are few of the classified commercial properties.

  • Andheri

Andheri is one of the suburbs of Mumbai city that has emerged as a high-flying destination for commercial as well as residential properties. The locality is divided into two parts west and east. The western region is basically a residential area whereas the eastern region is home to various IT hubs, Seepz, MIDC, and various commercial spaces. The best part about Andheri region is its good connectivity to various major parts of the city like central suburbs, western suburbs connected through metro rail and South Mumbai through local train route and buses make it a desired commercial real estate region.

  • Worli

Worli was traditionally recognized as textile mills location but has evolved as a main commercial real estate location in recent years. Worli has shown a great amount of flexibility at times when the micro market was greatly undergoing pressure. The locality has maintained stability in price and a premium position in the extended central business destination of Mumbai city. Worli shares close proximity to major localities like Bandra-Kurla Complex (BKC), Nariman Point (CBD), and close connectivity to the airport and newly built sea link adds on to its credibility.

  • Nariman Point

Nariman Point is one of the first well planned central business districts in the country and is well known as “Manhattan” of Mumbai. The place is known to have the highest commercial rental space in the world. Locations like Churchgate and Cuffe Parade are close to the destination. The Nariman point is a part of the CBD and henceforth shares close proximity to the Western line, Harbour Line, Central Line Terminus Stations. It is the chief financial district of Mumbai and is a house to multiple financial services and brokerage multinational as well as national companies.

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