Top 5 Commercial Areas In Mumbai
Commercial Areas in Mumbai, often known as India’s financial capital, is home to various well-planned and established business areas. Diverse markets, talented manpower, & strategic location continue to attract firms from Bandra Kurla Complex to Worli. This blog has compiled a list of the top five commercial zones in Mumbai to assist you in making an informed investment decision.
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Mumbai’s diverse economy & large market offer numerous commercial and investment options. It attracts a large number of domestic and foreign investors, making it a popular location for business endeavours. In Mumbai, many commercial centres house a variety of corporate offices, commercial buildings, and business enterprises that contribute to the country’s economic growth & development. The following is a list of the five busiest commercial zones in Mumbai, which may be the best location for your venture.
Mumbai’s major commercial hubs
Here is a list of Mumbai’s top 5 commercial areas:
Top commercial area #1: Nariman Point
Nariman Point, often known as the ‘Manhattan of Mumbai,’ is one of Mumbai’s oldest central business areas and is home to the headquarters of major national and international banks, financial institutions, multinational enterprises, and government agencies. It boasts a solid infrastructure, large highways, and good public transportation connections. It is also close to historic centres such as Crawford Market and the Colaba Causeway, and it is a key business centre. The Oman Consulate, the Royal Bank of Scotland, the Bombay Stock Exchange (BSE), and the Securities and Exchange Board of India (SEBI) all maintain offices in Nariman Point. In addition, the World Trade Centre is located nearby. Commercial spaces in Nariman Point start at around Rs 2 crore and include both stores and office spaces.
Top commercial area #2: Bandra Kurla Complex (BKC)
Bandra Kurla Complex (BKC), a planned commercial complex, is a notable central business district in Mumbai. BKC is recognised for its modern and high-rise business buildings. Which house major global corporations, financial institutions, law firms, and other corporate offices. It is located in Bandra.
There are a variety of independent office buildings, business centres, and co-working spaces in the region. It also has India’s first Apple Store, known as the ‘Apple BKC’.
BKC also houses the Mumbai Cricket Association’s cricket ground, the United States Consulate General, and the British Deputy High Commission. It is well-connected to Mumbai’s vital areas by major roadways such as the Sion-Bandra Link Road & the Eastern and Western Motorways. A dedicated BKC Metro Station on the future Line 3 (Colaba-SEEPZ) will improve the area’s connectivity to the rest of the city’s commercial districts. While the Chhatrapati Shivaji International Airport is around 8 kilometres away via the Western Express Highway. The Bandra Railway Station is approximately 4 kilometres away via the Bandra Kurla Complex.
Because of its prominence as a premium business destination and strategic location. Demand for commercial real estate in BKC remains high. As a result, the rental & capital values in the neighbourhood are higher than in other sections of Mumbai.
The commercial inventory at BKC is primarily made up of ready-to-move office space ranging in size from 1,500 to 20,000 square feet. Bandra office purchase prices range from Rs 7 crore to Rs 30 crore. Monthly lease rates range between Rs 10-15 lakh. Popular commercial projects in the area include the Midcity INS Tower, Adani Inspire BKC, and One BKC.
Top commercial area #3: Andheri East
Andheri East is one of the city’s most important business districts. It is located in Mumbai’s eastern outskirts and has grown into a significant business and industrial area. The business centres of Andheri East benefit from the Jogeshwari–Vikhroli Link Road (JVRL), the Andheri Kurla Link Road, & the Versova-Andheri-Ghatkopar metro link. Furthermore, the proximity to the Chhatrapati Shivaji Maharaj International Airport has aided in the development of the area as a significant logistics hub. Andheri MIDC is home to a diverse spectrum of manufacturing enterprises.
Andheri East has a variety of office premises starting at Rs 4 crore. Prices may vary depending on their furnishing stage, project, and proximity to connecting nodes.
The commercial relevance of the aforementioned locations originates from their thriving business ecosystems, great connectivity, and diverse amenities. They continue to be a popular choice for businesses looking for a well-connected and active location in Mumbai. And they provide the best office space deals in the city.
Top commercial area #4: Worli
Worli, in Mumbai’s southern outskirts, is regarded as one of the city’s most important commercial districts. Worli, historically known for its textile mills, has evolved into a thriving business centre with a mix of commercial, residential, & leisure complexes. By boosting connectivity to other sections of Mumbai, the Bandra-Worli Sea Link has increased its commercial popularity.
Worli has a number of sophisticated commercial office spaces & business centres that cater to a wide range of industries. It also houses several business headquarters, multinational corporations, and financial institutions. The position is convenient to other important office areas in Mumbai, including Nariman Point and Bandra Kurla Complex (BKC), making it a strategic choice for enterprises. The average price of a commercial space in Worli is Rs 2 crore.
Top commercial area #5: Powai
Powai, in Mumbai’s northeastern outskirts, is an important commercial centre. Powai, once famed for its natural beauty and tranquil surroundings, has evolved into a bustling commercial and IT centre over the years. It is well connected to the rest of Mumbai by the Eastern Express Highway, LBS Marg, and the nearby Saki Naka metro station on Mumbai Metro’s Line-1.
The Hiranandani Business Park in Powai is a large commercial complex that houses a variety of corporate offices and businesses. Several prestigious educational institutions, like the Indian Institute of Technology Bombay (IIT Bombay) and the National Institute of Industrial Engineering (NITIE), are also located in the neighbourhood. Powai Valley refers to the vibrant start-up culture and several co-working spaces in the area.
Office spaces in Powai measuring around 200 square feet cost roughly Rs 80 lakh. While bare shell offices around 1,000 square feet cost over Rs 3 crore.
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