Best Locations in Mumbai to Buy Commercial Property

Published: October 7, 2009
Share

Mumbai is the financial capital of the country and the seventh costliest city in the world. It has established its name as the center for numerous industries, IT/ITES hub and lots of commercial activities. Owing to all these factors, there has been a continual rise in the real estate demand in the city. Mumbai commercial property market offers investors heavy returns in very short time spans. This being the main reason, Mumbai attracts buyers, not only from all over the country, but also FDIs.

The ongoing development activities have made it even more attractive for investment prospects in commercial and residential properties  sector through excellent returns. There has been a hike in demand as well as supply and appreciation in capital as well as rental values.There is a rage for development in the peripheries, like Navi Mumbai, Thane etc, in addition to many places in the city also, like Malad, Andheri, and Ghatkopar etc.

With regard to the city’s commercial property markets, the rising demands have seen an increase in property rates. The posh areas of Nariman Point, Andheri, etc. have very high capital as well as rental values. So, it will be a wiser choice to explore areas, which are not really that much into the real estate limelight. A few of them, which offer very pocket-friendly commercial property rates, are:

Office Space Locations
Area Average Price Per Sqft (INR) Average Rent Per Sqft (INR)
Dahisar(East/West) 6744 / NA 49 / 81
Borivali(East/West) 9114 / 14837 54 / 159
Vikhroli(East/West) NA / 10194 75 / 89
Ghatkopar(East/West) 10788 / 12038 109 / 68
Malad(East/West) 10532 / 12507 98 / 75
Goregaon(East/West) 10922 / 9438 62 / 70

Source: Mumbai Commercial Properties’ Data on Zamanzar.com as on 11th September 2009. For latest rates, visit our Mumbai Commercial Property Prices Page

Retail Space(Shops) Locations
Area Average Price Per Sqft (INR) Average Rent Per Sqft (INR)
Bhandup(East/West) 4090 / 14291 NA / 91
Kalyan 9507 74
Borivali(East/West) 15643 / 17923 72 / 85
Kandivali(East/West) 10020 / 10049 186 / 59
Dahisar(East/West) 8861 / 11474 50 / 70

Source: Mumbai Commercial Properties’ Data on Zamanzar.com as on 11th September 2009. For latest rates, visit our Mumbai Commercial Property Prices Page

Economical Commercial Properties’ Locations in Mumbai


Posted under categories: Buying Property, Indian Real Estate, Property Rates
Tags: , , , , , , , , , , , ,

About Zamanzar

Zamanzar Advisory Pvt. Ltd. is a real estate advisory firm located in New Delhi, India. We offer online property search tools and offline services to help complete the transaction. Our services cater to real estate buyers, renters, and sellers. Visit Zamanzar to find out more!

Leave a Comment

Name (required)

Email (required)

Website

Comments

More Blog Posts