Sunday, March 27, 2011

Commercial Properties in Mumbai

Commercial properties in Mumbai are at an ever-increasing demand. With new developments and technologies hitting the market everyday, consumer expectations have taken a giant leap as compared to a decade ago. Not only have investors become more aware of the real estate industry now, but also anyone with surplus money in hand wants to invest in a commercial property as it can be put on lease for a means of a continuous source of additional income or even put it back on the market for sale at a higher price. As a commercial place is bound to appreciate in value and also fetch a handsome rent, either way it is a win-win situation for the investor.

Mumbai has now become a goldmine for Indian as well as foreign investors. With the government encouraging foreign companies to set up shop here in the business capital of India, the city has transformed into a skyscraper jungle. Realtors and developers have realized the potential of Mumbai, and have consciously started concentrating on commercial developments around the city, as they are a sure way of getting back high returns from the property. This is the reason that countless malls, shopping centers, branded retail outlets or stores, office buildings, multiplexes, IT spaces and the like are springing up at a mind-boggling rate. As most of the posh areas of town are jam-packed with commercial properties, the developers and builders have switched their focus to the suburbs of the city.

Andheri is the most popular destination in the suburb in Mumbai. While Andheri West is mostly residential, Andheri East is a mixture of residential as well as commercial properties. With large industrial developments like Saki Naka, and MIDC SEEPZ, the east also houses Mumbai’s Chhatrapati Shivaji International Airport, and also many Call Centers and BPOs. All these factors have pulled in developers to consider this area as up-and-coming for commercial properties. As soon as the Mumbai Metro becomes operational, travel time to Andheri will be reduced considerably. Its connectivity to the Western Express Highway makes this area ideal for commercial development. Andheri East is destined to become a commercial hub for any business venture. Not only are realtors bidding big money to get a bite of this promise-land, but they are also looking forward to building the best infrastructure in commercial projects to showcase their name and work here.

Buying commercial properties in Mumbai can be challenging for any investor. The key is to contact a reliable realtor or developer and choose a property that fits into your budget and is preferably in potentially viable area of the city.

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