Monday, August 29, 2011

Finding a Good Commercial Property in Mumbai

If you are looking for a good commercial property in Mumbai, you have come to the right place. Investment in real estate at any place in Mumbai is bound to bring you handsome returns at this time, courtesy of the booming commercial activity throughout the city. Mumbai has proved itself as the commercial capital of the country in more ways than one; the inflow of international companies here does not seem to die down. Considering the amount of money you will have to put in to acquire a decent property in any area of this bustling city is not a joke. Making an investment in a commercial property should be an informed decision to avoid disappointments or complications in the future.

Places like Andheri, Worli, Lower Parel, Nariman Point, Malad, Bandra Kurla Complex, and Powai are the ‘it’ areas to take a look at. All these areas have different pros and cons, while also possessing some common advantageous factors that make them all the best areas to buy any commercial property. While, commercial space in areas of Nariman Point and Worli may be a bit too expensive for the common investor, they have been the core of commercial activity of the city for decades now. The connectivity boost given to these areas by the start of the Bandra Worli Sea Link is undeniable.

Andheri, and Malad are a part of the Westren Suburbs in the city. While, Andheri has always been popular for commercial property for small and medium size businesses, new commercial complexes have changed the skyline and made trendy office spaces for businesses related to entertainment and IT. The commercial complexes in Andheri are pulling in the most rent and price per square foot for some of the best looking constructions. Malad, on the other hand is stealing the spotlight, thanks to the availability of large spaces of BPOs, KPOs, and other IT giants. And even though the prices for commercial as well as residential property here are at a constant rise, more and more companies are opting to move to Malad.

The Bandra Kurla Complex is also a good option for commercial investment in addition to being one of the most upcoming areas for residential projects. Having awesome connectivity and good location, commercial activity here is vibrant and promising. While finding a good commercial property in Mumbai may seem like a tricky task, with the right research and little help from a good realtor, this process can be made easy and enjoyable. After all, you are definitely going to be earning some profits by making this considerable investment. All you have to do is choose your area and space wisely.

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Sunday, August 28, 2011

Commercial Properties in Andheri

The business potential of real estate in Andheri is being realized by one and all now. Not only is it fast becoming one of the main business districts of the city, but also a favourite locality for aspiring residential property owners. The boom in commercial properties in Andheri is a result of some major advantages it offers like connectivity to other parts of the city via the excellent railway network and roads, proximity to the Western Express Highway and the international and domestic airports, affordability of commercial property, availability of large and small commercial real estate to suit every demand made by the investor, and the unbeatable suburban location that is amidst all the fast-growing business hubs of Mumbai such as Powai, the Bandra Kurla Complex, Malad and other western suburbs.

In addition to the above-mentioned benefits, Andheri is a favourable area for relocation for two distinct reasons. Firstly, the commercial rents in the area are more or less the same as they were 5 to 7 years ago. This directly translates into profits for occupiers by relocating to newer and better commercial complexes at much lower prices as compared to other commercial hubs like Nariman Point, Lower Parel, and Worli. Since the leasing activity in the commercial real estate sector is witnessing an upswing and developers are waiting to cash in on the trend, the newer commercial properties are equipped with all contemporary amenities yet maintaining affordable rental costs.

Secondly, corporate set-ups and companies with demanding jobs have realized the benefits of moving base to a location that includes good housing facilities. This not only works for the employees by reducing travel stress and travel time, but also increases their productivity on the job. Unlike most other business hubs in the city, Andheri is known for its clean and safe modern residential complexes and recreational activities. From malls, retail outlets, roadside shopping, to clubs, restaurants and multiplexes, the locality seems to have aspects of interest for all, regardless of age or profession.

With inflation and other factors still affecting most businesses in the country and across the world, the pressure to trim down the overall occupancy costs is high making commercial properties in Andheri and Powai some of the best options available in the market. And while Powai is in the competition for affordability, availability, and proximity to the airports, it cannot be compared to the connectivity network offered by Andheri. It is no wonder that national as well as international brands are considering the big move to this Western suburb.

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Tuesday, August 23, 2011

Commercial Offices in Andheri

The commercial capital of India is forever expanding, and with more and more big brands and multinationals heading for Mumbai, this trend is will only witness better times ahead. Commercial offices in Andheri, Worli, Powai, etc, are seeing a marked increase in demand as well as supply. A number of big developers of the city are concentrating their construction activity in such areas to meet the high demands in office space. High commercial activity has been a USP in places like Andheri for many years now, and has been a major reason for small and medium scale businesses to prefer this area of the city as their office base.

Andheri poses quite a few advantages when it comes to commercial spaces, for businesses that do not want to opt for the high priced vicinities of Worli and other places in the town area of Mumbai. Its connectivity to almost all major and small stations via the railways is another benefit, not to mention the praise-worthy BEST bus service and the huge number of auto rickshaws readily available at all hours of day or night. The area is also in close proximity to the two main airports, namely the Chhatrapati Shivaji International Airport and the Santa Cruz Domestic Airport, which translates into convenience for professionals that travel in and out of the country. In addition, the easy connectivity to the Western Highway, and the upcoming metro junction is making Andheri climb up the priority chart for commercial complexes of all sizes.

The central location of Andheri makes it the ‘it’ place for all types of restaurants, multiplex cinemas, hotels, malls, and recreational set-ups, and even though the property prices here are witnessing a constant rise, so is the demand. But, the investors prefer new developments as opposed to old commercial complexes. This shift is being welcomed by the developers that have millions invested in construction activity, and are looking for clear profit gain. Most business vicinities in Andheri are happily making way for new, contemporarily designed, buildings that have been engineered to perfection by some of the most reputed names in the real estate industry.

Most new commercial offices in Andheri flaunt stylish interiors, sturdy engineering, modern amenities, ample parking for the executives, and self-contained flexible office spaces that only a few can refuse to invest in. Targeting modern businesses, these complexes serve every purpose to give your business the boost it deserves, while assisting in image building.

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Thursday, August 4, 2011

Residential Properties – BKC

It cannot be denied that materialization of the Bandra Kurla Complex changed the location completely in terms of real estate. Being one of the few planned areas in Mumbai, BKC enjoys wide roads, clean and marked infrastructure, beautifully designed commercial complexes, and the realty spotlight! Not only is it one of the nicest areas to work in the city, but the emergence of major commercial activity and companies has lead to an increased demand for residential properties in BKC. With an already convenient location, it is undoubtedly a prime spot for construction activity; be it commercial or residential.

Housing the big corporate brand names such as ICICI Bank, Citibank, Reliance, NSE, CMC, Asian Heart, NABARD, Bharat Diamond Bourse, IL & FS, Dow Chemicals, SEBI, UTI, SIDBI, and a number of well known IT companies, the Bandra Kurala Complex is the first ‘growth centre’ promoted by the MMRDA, created to assist in avoiding concentration of offices and commercial activities in South Mumbai. The area already boasts of a number of great restaurants, such as California Pizza Kitchen, the luxurious Trident Hotel, Mumbai Cricket Association (MCA), exhibition locations, hospitals like Asian Heart Institute, and top of the line educational institutes like the American School of Bombay and the Dhirubhai Ambani International School.

About 400,000 odd professionals work in the BKC area. The connectivity of BKC to other parts of the city is pretty amazing thanks to its proximity to three railway stations, namely Sion, Bandra Terminus and Kurla’s Lokmanya Tilak Terminus, which is another boon for professionals working here as well as residents from the area. The Mumbai Metro too is going to have four stations in and around BKC. In addition to all this, it is located fairly close to the Domestic and International airports via the western express highway, which makes it a dream location for white collar professionals that live a jet set life.

Projecting the ideal location for residential properties, BKC already has quite a few housing options for investors. BKC offers a clean, safe, modern environment with great amenities. With quality infrastructure already in place, it is bound to see some good times ahead as far as appreciation in real estate is concerned. The residential projects in BKC will definitely be state of the art, with endless amenities to meet all the requirements of today’s demanding buyer.

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