Monday, April 18, 2011

Commercial Offices in Worli

Worli, situated in the South of Mumbai, is one of the few locations in the city with office and residential complexes that can include the luxury of having a sea view. With proximity to the suburbs, thanks to the Bandra – Worli Sea Link and the Mahalaxmi railway station, Worli boasts of the best corporate houses and office buildings in the city. It has been a business central since the late 1970s with major companies like GSK Pharmaceuticals, TATA, HDFC Bank, Siemens, and Novartis in the area. Hence, building commercial offices in Worli is big business for realtors and developers with very high level of investment capabilities.

Worli is a goldmine for developers as it has seen a steady rate in appreciation through the years. Since, in commercial realty sector of the market, almost two thirds of the demand for property comes from corporate or small and medium size businesses for office space, only one third of the market rests on leased retail space. As the area has seen some substantial growth in the information technology and banking sector, need for office space has also increased. Realtors and developers have noticed a significant rise in volumes of commercial buildings.

Understanding the demand for such complexes, well known developers have made the necessary investment in acquiring prime real estate for redevelopment in this locale. Pooling in large sums of money from nationalised banks and internal accruals, these builders strive to create state of the art complexes with innovative designing and world-class amenities. Most commercial complexes that are coming up in the vicinity are catering to the mid and high segments of investors, and since this is a rather large segment of businesses, the commercial office spaces need to have flexible as well as self contained units to suit the requirements of corporate clientele and budding self employed professionals alike.

If you are interested in purchasing property for commercial offices in Worli, be sure to get in touch with a real estate agency or developer who has an on-going or recently developed project in that part of Mumbai. Most developers even provide professional investment advice, discount on group buys, exclusive loan deals, and property analysis to assist you in making the right decision for your business. It is also advisable to put your money and trust into the hands of a developer that is known for his work and developed projects.

Labels: ,


Post a Comment

Subscribe to Post Comments [Atom]

<< Home