Why invest in commercial property in Mumbai?

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Commercial property in Mumbai definitely makes for a good proposition in case you are a serious investor. You should definitely consider investing in such properties in Mumbai owing to the latent advantages of doing business in India’s financial capital or Maximum City as it is often described. Several corporates and high net worth investors have been snapping up commercial properties in Mumbai over the last few years and the situation is no different presently in spite of the overall downturn that India’s real estate sector faced in 2013 and 2014. Mumbai is one of the biggest financial and business hubs of South Asia and is one of the best places to do business. This aspect has always kept it relevant as a prime destination for commercial realty investments. Mumbai’s commercial market has always been quite stable and this has drawn investors to the same in large numbers.

Institutional investors may be lagging behind when it comes to demand and acquisitions of commercial property in Mumbai but high net worth and corporate investors still prefer Maximum City in their portfolios owing to the huge growth opportunities available as a result. There are several options available which often prove to be a source of huge confusion for investors in terms of risk and returns assessments. Mumbai has several vacancies in prime commercial locations owing to high prices and rental income is slated to go down in these areas in recent times. However, Mumbai’s commercial market is indomitable as a bottoming out of the same is expected over a period of one year and there will be an upward shift thereafter. Capital appreciation is fabulous for most important commercial locations over the long haul and this is why Mumbai still draws attention from investors and corporates.

Demand for commercial property in Mumbai is majorly confined to several prime locations. The Central Business District is the hottest commercial destination comprising of micro markets like Cuffe Parade, Nariman Point, Churchgate, Ballard Estate and Fort. These landmark business destinations are followed in the pecking order by the Secondary Business District areas which include Worli, Prabhadevi, Lower Parel, Kalina and the popular Bandra-Kurla Complex which has attracted several corporates and leading multinationals. The Peripheral Business Districts are quite popular amongst investors and include regions like Jogeshwari-Andheri, Navi Mumbai-Thane, Powai-LBS Marg and Goregaon-Malad. Ghatkopar will also deliver high returns on commercial investments owing to huge infrastructural progress in the area.

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