Affordable Commercial Properties In Navi Mumbai

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Commercial property prices in Navi Mumbai are witnessing a correction for rental and capital values equally

. Day-by-day the demand for office space and retail space(shops) is increasing equally. Given all these factors and constant improvements in commercial property rates in Navi Mumbai, it still offers cheaper property rates when compared to that in Mumbai. Navi Mumbai would really be a better option worth considering, if you are looking for commercial properties and especially affordable commercial properties. The city has a very bright future in terms of real estate segment as the place is continually under development.

A massive demand for commercial properties can be expected in Navi Mumbai, looking at the infrastructure and developments going on in the area. The proposed international airport project in Navi Mumbai has also caused a rise in demand of the commercial properties in the city. Navi Mumbai is witnessing major developments with the proposed Special Economic Zone (SEZ) planned by Reliance and CIDCO. Good connectivity and infrastructure also make it a much sought after location. Airoli, Turbhe, Ghansoli, Belapur, Koper Khairane etc. are some of the popular economical localities that offer affordable commercial properties:

Office Space Locations

Area//Average Price/Sqft (INR)//Average Rent/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

Retail Space(Shops) Locations

Area//Average Price/Sqft (INR)//Average Rent/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: Navi Mumbai Commercial Properties Data on Zamanzar.com as on 11th September 2009. For latest rates, visit our Navi Mumbai Commercial Properties Page

Due to the ongoing development and a well planned infrastructure, the city is sought after by corporate houses as well as small time buyers. The city is becoming the base of operations of newer corporate houses. Many leading conglomerates have taken up commercial space here. When it comes to cheap office space, economical commercial plots or affordable retail space (shops), Navi Mumbai has an edge over those in Mumbai, as the commercial property rates in Navi Mumbai are much less as compared to those in Mumbai. Its a better bargain in terms of commercial properties for all the investors, developers or buyers for small or big commercial properties.

by: san

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