Future trends in commercial properties in mumbai

The demand for commercial properties in Mumbai is expected to increase with the influx of multinational companies and start-ups into the city. Mumbai being the financial capital of India, it remains a significant contributor to the country’s economy and attracts heavy investment from national and international investors. The financial services sector, IT/ITes, and healthcare industries are expected to drive the demand for commercial properties in Mumbai.
The future of commercial properties in Mumbai looks promising, with many infrastructure projects underway and nearing completion.
Historically, the Commercial Sector has always offered much higher returns on investment as compared to the Residential Sector. Factually, a good office if in the correct location offers a yield of 6 to 8% per annum against 2.5 to 3% in the residential sector.
Let’s get back to 2020 – 2021 when the world was on a roller coaster ride due to the virus. With constant lockdowns, companies and offices held tight and adapted to a new concept – Remote Work, something that became the talk of the town then. As the virus eased out, offices opened their doors and welcomed their teams back to their desks. What does this mean? Anything that becomes the talk of the town doesn’t necessarily become a norm in the future. With businesses restarting with bigger goals, companies started hiring more employees. As that number grew, space constraints led to investments in new offices.
Pro Tip: Any investment in offices located in the business hubs of Mumbai that includes areas such as Lower Parel, BandraKurla Complex and Andheri or at niche areas in Powai, Goregaon, Malad , would be a much better investment in the Commercial space rather than some fancy building in a obscure location. Nariman Point should ensure basic facilities like maintenance, parking and much more to regain its lost glory.
Our current government has been encouraging Make in India initiatives so like me, I’m sure many of you also will be expecting tremendous growth in this segment which has been dormant for the past few years.
Two points to always remember while making an investment:
Narrating a live example for you to understand better: In the recent past, we advised a client to not purchase an office space in Govandi. However, inspite of repeatedly mentioning the same, the client went ahead and purchased an office in Govandi in a standalone building. It has been four years now and he is still unable to lease or sell the same.
See you next week. Until then, please feel free to share your feedback and opinions in the comments below.

    Topic for next week: Future prospects of commercial properties.

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    Description

    The heart of Mumbai at Shivaji Park, one of the most prestigious residential locations in Mumbai. a rooftop clubhouse with its own pool and a gym with splendid vistasof the city and sea, a panoramic view of Shivaji Park.

    ConfigurationCarpet Area in Sq.ft
    2 BHK650 / 690 / 790

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    Description

    Strategically situated in the vibrant heart of Dadar,
    Exclusively crafted bespoke residences offering a lifetime of sea views. With a selection of homes just steps away from the beach, complemented by its tranquil and picturesque surroundings.

    TypeCarpet Area in sq.ft
    2 BHK770/772

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    Description

    An ultra-luxurious residential tower
    located in the neighbourhood of the legendary Chhatrapati Shivaji Maharaj Park. Your victorious living experience begins here. Well-crafted collection of homes for those who seek the finest in life.

    TypeCarpet Area in sq.ft
    3 BHK1288/1295

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    Description

    Live a bright and luxurious lifestyle right at the Shivaji Park.

    TypeCarpet Area in sq.ft
    2 BHK667
    3 BHK1537

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    Description

    A gated community developed by Premium developer
    Situated close to nature, 5 mintues from 5 Gardens, well connected to all convienences.

    TypeCarpet Area in sq.ft
    2 BHK777/828
    3 BHK1001/1365/1447

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    Description

    In the most aspired location of Wadala
    At an integrated Township of 100 Acres by a premium developer , well connected to the eastern free way and bkc.

    TypeCarpet Area in sq.ft
    2 BHK525

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    Description

    In the most aspired location of Wadala
    At an integrated Township of 100 Acres by a premium developer , well connected to the eastern free way and bkc.

    TypeCarpet Area in sq.ft
    2 BHK750
    3 BHK977 /1122

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    Description

    A gated community developed by Premium developer
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    TypeCarpet Area in sq.ft
    2.5 BHK953
    3 BHK1109
    3.5 BHK1309
    4.5 BHK1768

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    Description

    Live in the Heritage of Matunga
    Grand entrance loby - Art decor design

    TypeCarpet Area in sq.ft
    2 BHK820
    3 BHK1109
    3.5 BHK1331
    4.5 BHK1727

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    Description

    Live in the heritage of Matunga, Live exceptional.
    Premium sky mansion with spacious sundecks

    TypeCarpet Area in sq.ft
    3 BHK1795
    4 BHK2198

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    Description

    A Premium residential tower located in the neighbourhood Shivaji Park.
    Close to Bombay Scottish School.

    TypeCarpet Area in sq.ft
    2 BHK575/620
    3 BHK880

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    Description

    A Premium residential tower located
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    TypeCarpet Area in sq.ft
    2.5 BHK905
    3 BHK1106/1466

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    Description

    In the verdant Shivaji Park neighbourhood,
    feel the breeze flow uninterrupted as you walk the lanes of heritage.

    TypeCarpet Area in sq.ft
    2 BHK525/549

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    Description

    Live connected to the city in one of Mumbai’s oldest and most loved locations At Mahim.
    Less time to travel, more time to live.

    TypeCarpet Area in sq.ft
    1 BHK442
    2 BHK652/692

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    Description

    Nestled in a quiet corner of Prabhadevi
    Each apartment offers endless views of the Arabian Sea and Worli Sea-Link

    TypeCarpet Area in sq.ft
    3 BHK1453/1578

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    Description

    Situated in quite bye lanes of Mahim , close proximity to railway station and upcoming metro station.

    TypeCarpet Area in sq.ft
    1 BHK427 /434
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    Description

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    TypeCarpet Area in sq.ft
    3 BHK1135/1270/1352/1550

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    Description

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    TypeCarpet Area in sq.ft
    2 BHK605

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