How is the state of commercial real estate in Mumbai?
Q: Hi, I am planning to start my office at Mumbai or NCR. Please suggest me which is better option. I want to know about the condition of commercial real estate in these cities.
Mumbai office space has expanded beyond South Mumbai, Bandra Kurla Complex and South Central Mumbai.. Around 70 % of Mumbai’s total office space is in non-CBD locations and will have a major role in determining the performance of the city’s office market.
IT companies are driving the office space demand in the prime cities like Mumbai. Particularly the demand for rental office spaces is rising in the peripheral areas of cities as the rental rates are comparatively low than other city centric locations.