Why rent commercial real estate in Mumbai
“The city of dreams” for many of Indians is Mumbai. At first, this city was a conglomeration of 7 islands. But in 1661, British engineers united seven islands into one. Now it is an incredible city with a population of more than 21 million! The remains of the former Mumbai are unforgettable exotics for tourists. But the new face of modern Mumbai is determined by the areas, among which are the districts of Asia’s most expensive commercial real estate. Here you can find the offices of numerous companies. Modern high-rise functional business centers and comfortable residential buildings are gradually replacing Mumbai slums.
If you interested in renting business premises in Mumbai, check the latest commercial real estate offers on our website. Find exactly what you need to make your business prosperous.
The city of changes
Some areas of Mumbai have already felt the taste of renovation according to the European and American model. For example, in the early 1990s, the program for the transfer of weaving and garment enterprises from Mumbai to its satellite towns began to work. In their place, hotels, complexes of houses, shopping centers, as well as offices buildings, where now the largest international and Indian corporations rent workspaces, were built. An industrial center of South Central Mumbai was also rebuilt into a district of business buildings.
Here in Mumbai, the situation was influenced by the population density. Hundreds of well-known local and international companies rent their office in Mumbai, and employees of these offices need new housing, shopping as well as other infrastructure elements.
Offices and coworking spaces in Mumbai
Mumbai economy is based on cotton industry, metal processing, machine production, chemical, light manufacturing, wood processing, petroleum, film production, etc. There are more than 15,000 different factories and plants in the city. The central bank of the country is also here.
The commercial property market in Mumbai is developing very fast. The Indian city is ranked second after London in the list of the most expensive office spaces for rent. The oldest part of the metropolis and the commercial center of the entire country is South Mumbai. The wealthiest inhabitants of India live here, and the real estate in this area is more expensive than in Manhattan. However, Lower Parel, Andheri West, Goregaon East, and Andheri East are the most convenient areas for business. You can find numerous offices and coworking spaces in these areas of Mumbai. Irrespective of your company size and budget, there is something exactly suitable for you in this huge city.