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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