Commercial Properties In Mumbai: Complete Overview

The commercial hubs in Mumbai have increased their gross value to 22-50%. The fresh leasing of commercial properties has increased term renewals. The BFSI had maximum leasing activity of 27%, followed by Engineering and Manufacturing with 20% and IT-BPM with 18%.

Commercial Properties In Mumbai

The places where you can find commercial properties are SBD-BKC, Andheri-Kurla, Malad-Goregaon, and Central Suburbs where a maximum of the properties are leased out. 

More than 20% of the properties in Mumbai are leased out for commercial purposes during the previous financial year. A few of the commercial property areas which are well-known in Mumbai are:

• BKC 
• Lower Parel 
• Central Suburbs
• Worli
• Malad-Goregaon
• Thane
• Andheri-Kurla

It is to be noted that these few are only well-known places. Whereas, you can see many different commercial properties around the city. 

Note:

Homebazaar serves buyers searching for commercial units in Mumbai with end-to-end services like site visits, and lower-interest home loans to property registration guidance. We provide the best price options & offers for RERA-registered commercial properties in Mumbai. To begin a smooth homebuying journey with us, fill out the form mentioned below or on the right side.

The commercial properties which are situated in these locations and performing well are:

• Adani Inspire
• One Lodha Place
• Godrej IT Park
• Parinee Crescenzo
• K. Raheja Altimus
• Oberoi Commerz 3
• Centaurus
• Waterstone Business Park

The best commercial places to invest in Mumbai are the following:

• CBD
• SBD – BKC
• Worli 
• Lower Parel
• Andheri – Kurla
• Powai 
• Malad/Goregaon
• Central Suburbs
• Vashi 
• Thane – Belapur Road 
• Thane 

These submarkets of Mumbai have contributed around a cumulative share of 60% of the total leasing volume.  

Commercial Properties For Sale In Mumbai

There are many commercial properties in Mumbai which are available for sale and they are:

Apart from the old properties in the famous commercial hubs, companies also aim for those projects which are currently under construction. There are more than 2000 commercial properties for sale in Mumbai.  

• Santacruz
• Thane
• Virar
• Mainframe, Royal Palms Estate  
• Mulund West
• Nansey Colony 
• Andheri East 
• Church Gate

Commercial Properties For Rent In Mumbai

The weighted average net asking rent for the second quarter of 2021-2022 was around INR 117.9. Few sub-markets of Mumbai like SBD-BKC, and Lower Parel has enjoyed rental improvements backed by strong demand.

It is planned that the quoted leasing target for the next year will also be achieved in this second quarter.

As per the report, the significant projects planned and under construction include the Sub Markets like Worli, Malad, Thane, and Andheri.     

Best Places To Invest In Mumbai

Mumbai is the financial capital of India. It attracts many companies as well as employees from around the country. Hence there is always a requirement for commercial property for the companies. 

Mumbai has a rising commercial hub hence, you can have enormous options to invest in Mumbai. 

• Andheri: This location is nearer to the Western Express Highway, Swami Vivekananda Road, and Link Road. There is also a suburban railway station nearby. Jogeshwari Station is 2 km away from Andheri West. This location offers great connectivity and excellent social infrastructure. 
• Virar: There are new projects emerging in this location that are providing people with affordable and spacious options. There is great connectivity in Virar which provides the commercial projects the accessibility to employees. The affordability of this area is also very attractive for the business owners.   
• Khar: This location is nearer to Bandra and Santacruz which makes it one of the favorite places for commercial projects. Apart from the connectivity, you can experience various modern amenities. It can be one of the best investment choices for commercial project investors. Apart from the commercial projects, Khar also offers great residential places with spacious and affordable flats.    
• Goregaon: this location is equally nearer to Andheri and Borivali making it the perfect choice for a commercial project. Many companies are existing in this place. Hence, it is one of the preferable commercial hubs. 
• Chembur: The social infrastructures nearer to this area is Santa Cruz – Chembur Link Road (SCLR), Chembur Monorail, and the Eastern Freeway. Apart from being the commercial hub, Chembur is also known for the real estate radar. There are many companies in Chembur as it offers great connectivity.    
• Wadala: This place is near to BKC which is the financial center of Mumbai. It is becoming one of the best commercial hubs of Mumbai due to its connectivity to Eastern Freeway, Eastern Express Highway, and Monorail. The employees who are traveling from different places are experiencing reduced commute timing to the office. Th boom in infrastructure has allowed many companies to shift or open their offices in this place. Wadala is surrounded by many residential places which have made it the first walk-to-work hub of Mumbai.    
• Panvel: Panvel is the emerging commercial hub of Navi Mumbai. A lot of offices have opened their branches in this location and the commute to this place is also less hectic compared to other places in Mumbai. Larsen & Toubro Limited, Reliance, Hindustan, ONGC, and IPCL are supporting the development of Panvel. 

FAQs