What makes Mumbai’s commercial property market so promising?

Natraj, Andheri

Rustomjee Natraj, Andheri

The commercial realty market in the financial capital of india is only set to grow further on the back of an improvement in global economies.

Market report shows that across India 13 million square feet of office space has been absorbed in the first half of 2013. Whereas, in the first half of 2012, this figure was 12.8 million square feet. Also in the first half of 2013, construction of around 19.3 million square feet of office space has been completed as compare to 10.7 million square feet of 2012, happened in the same time duration. The major portion of this growth, which occurred in the first half of 2013, belongs to Mumbai, making it the city registering the highest absorption of 3.8 million square feet of office space. At one hand the demand is growing high and on the other hand the supply is getting limited.

Read more: What makes Mumbai’s commercial property market so promising?