Top 5 Commercial Areas In Mumbai

Mumbai, often referred to as India's financial center, is the location of numerous well-established and well-planned business centers. Businesses are still drawn to the Bandra Kurla Complex and Worli due to their strategic location, talented labor, and varied range of markets. 

Commercial Areas In Mumbai offers a vast array of business and investment options due to its varied economy and expansive market. It is a popular location for business endeavors since it draws a number of both domestic and foreign investors. Mumbai's commercial centers are home to a variety of corporate offices, business establishments, and commercial complexes that contribute to the economic development and progress of the nation. The list of Mumbai's top five business districts is provided below; it can be the best place for your business.

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Let’s Look At The Top 5 Commercial Hubs Of Mumbai:

1.Nariman Point

Nariman Point, also referred to as the "Manhattan of Mumbai," is one of the city's oldest CBDs and is home to the main offices of many global companies, government agencies, banks, and financial institutions. It boasts large roads, a strong infrastructure, and convenient access to public transportation. It's also a major hub for business activity and close to well-known locations like Colaba Causeway and Crawford Market. Nariman Point is home to the offices of the Royal Bank of Scotland, the Securities and Exchange Board of India (SEBI), the Bombay Stock Exchange (BSE), and the Consulates of Oman. In addition, this is the location of the World Trade Center.

The beginning cost of commercial spaces in Nariman Point, which include both shops and offices. 

2.Bandra Kurla Complex (BKC)

One of Mumbai's well-known central business areas is the planned commercial complex known as Bandra Kurla Complex (BKC). BKC, which is situated in Bandra, is well-known for its contemporary, tall commercial buildings that hold a large number of financial institutions, legal offices, and other corporate offices in addition to global enterprises.

There are a variety of co-working spaces, business centers, and stand-alone office buildings in the region. Additionally, the "Apple BKC," India's first Apple Store, is located there.

BKC is also home to the US Consulate General, the British Deputy High Commission, and the cricket ground used by the Mumbai Cricket Association. Major roadways, such as the Eastern and Western Expressways and the Sion-Bandra Link Road, provide excellent access to the city's main districts in Mumbai. The area's accessibility to other business areas of the city will be further improved with the addition of a dedicated BKC Metro Station on the future Line 3 (Colaba-SEEPZ). The Bandra Railway Station is approximately 4 km away via the Bandra Kurla Complex, and the Chhatrapati Shivaji International Airport is approximately 8 km away via the Western Express Highway.

BKC is still in great demand for commercial real estate because of its strategic position and reputation as a premier business address. As a result, compared to other areas of Mumbai, the rental and capital values in this neighborhood are higher.
 

The majority of BKC's commercial inventory is made up of office space that is ready to occupy and ranges in size from 1,500 to 20,000 square feet. The purchase prices of offices in Bandra range from Rs 7 crore to Rs 30 crore. The monthly lease costs are typically between Rs. 10-15 lakh. Popular commercial projects in this area include One BKC, Adani Inspire BKC, and Midcity INS Tower.

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3.Powai

Mumbai's northeastern district of Powai is a significant center for business. Known for its peaceful surroundings and natural beauty in the past, Powai has evolved over time into a thriving IT and business center. Through the Eastern Express Highway, LBS Marg, and the adjacent Saki Naka metro station on Mumbai Metro's Line-1, it has excellent access to various areas of the city.

A large commercial complex in Powai, the Hiranandani Business Park is home to a variety of corporate offices and business businesses. Several well-known educational institutions are also located in the region, such as the National Institute of Industrial Engineering (NITIE) and the Indian Institute of Technology Bombay (IIT Bombay). Powai Valley is the name given to this area's thriving co-working spaces and start-up culture.

In Powai, office premises with an approximate floor area of 200 square feet are available for Rs 80 lakh, while 1,000 square feet of bare shell space costs approximately Rs 3 crore.

4.Worli

One of Mumbai's main commercial centers is Worli, which is situated in the southern region of the city. Known for its textile mills in the past, Worli is today a thriving business district with a variety of residential, commercial, and entertainment projects. The Bandra-Worli Sea Link's enhanced access to other areas of Mumbai has contributed to its increased commercial popularity.

Worli is home to a number of contemporary business centers and commercial office spaces that serve a wide range of businesses. Furthermore, a large number of corporate headquarters, international businesses, and financial institutions call it home. Businesses should choose this site strategically since it provides easy access to other important office hubs in Mumbai, like Nariman Point and Bandra Kurla Complex (BKC). In Worli, commercial space typically costs around Rs 2 crore.

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5.Andheri East

One of the city's most important business districts is Andheri East. Situated in the eastern region of Mumbai, it has grown to become a well-known business and industrial hub. The commercial hubs of Andheri East benefit from the Jogeshwari-Vikhroli Link Road (JVRL), the Versova-Andheri-Ghatkopar metro link, and the Andheri Kurla Link Road. Furthermore, the area has developed into a significant logistical hub thanks to its closeness to the Chhatrapati Shivaji Maharaj International Airport. There are several different industrial industries in Andheri MIDC.

Ample office space is available in Andheri East for as little as Rs 4 crore. The cost may differ based on the project, proximity to connectivity nodes, and state of furnishing.

Conclusion

The aforementioned locations' strong business environments, first-rate connections, and extensive amenities all contribute to their commercial relevance. They continue to be a Top 5 Commercial Areas In Mumbai ideal for business and looking for a bustling, well-connected location in Mumbai, and they see the most office space transactions in the area.

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