3 Reasons Why You Should Invest In Commercial Spaces In Mumbai, Right Now!
The world is now undergoing a steady yet effective recovery post the pandemic. Yes, the world did hit the brakes, but now things are getting back to how we left them. And if we just take real estate into consideration, they might actually be getting better than before. According to surveys conducted by Anarock Group, investing in real estate in India has proven to be a safe bet for some time now, but as Mumbai’s pace has always been at a different tangent, this city has especially been experiencing exponential growth in the real estate sector.
Mumbai is a finance-driven city that comprises businesses of all kinds. So it’s obvious that the growth of commercial spaces here has been seeing a positive shift. Let's have a detailed look as to why investing in commercial spaces in Mumbai would prove beneficial right now:
Increase in the growth of commercial hubs
Malad, Andheri, Goregaon and South Mumbai have always been a hotspot for commercial spaces. But apart from that, the city has also been managing to convert more areas into such commercial hubs. With the help of smart and rapid infrastructure planning, areas like Powai, Thane and Navi Mumbai have now become the recent surging commercial hubs in Mumbai. The reasons for the same are dynamic but, cutting-edge infrastructural developments and the demand for real estate along with growing connectivity options are the most prominent ones. These locations have also witnessed positive economic growth in recent years and the trend is expected to continue. Additionally, the main property segments which are; office spaces, warehouses and retail stores have considerable demand in Mumbai with promising growth potential in these avenues. Currently, the demand for office spaces in Mumbai is at an all-time high since 2011 with significant rental yields. Meanwhile retail and warehousing have been continuously climbing up the demand ladder due to e-commerce pushing high consumption.
Rapid growth in Infrastructure
As we mentioned earlier, the rapid and effective planning of infrastructure plays a vital role in the growth of commercial sectors. Mumbai's advanced infrastructure projects have benefited the commercial real estate market because;
The infrastructure projects have been boosting economic growth throughout the Mumbai MMR region.
New connectivity networks have opened up new markets for the future, with cost-effective investments and positive growth.
Infrastructure corridors have benefited the regional belts economically.
The establishment of new industries with expanded commercial property would result in investment opportunities.
Mumbai has already established effective connectivity while still coming up with additional commuting options which are critical to driving the economic activity in the region. Furthermore, the upcoming projects, which are expected to be completed between 2023 and 2030, are set to redefine Mumbai’s economic landscape.
3) Rental ROI
The primary goal of any investment is to maximise returns, similarly, for a few years now, the commercial real estate sector has provided adequate returns. When it comes to real estate, the key figure that has to be taken into consideration is ‘rental yields’ which expresses the annual income from your asset as a percentage of its total value to indicate your ROI. Currently, the rental yield from commercial properties ranges between 8 and 10%, demonstrating that it is far more profitable to invest in commercial property in Mumbai today.
With the commitment to delivering efficient real estate while adapting to the latest trends and technologies, First Avenue by Atul Projects in Mumbai showcases how the city is an ideal location for investing in commercial real estate. These commercial office spaces in Malad West are designed to elevate your businesses and bring your workplace into the spotlight. The highlights of Atul First Avenue are the perks and facilities provided for those who invest in these commercial office spaces in Malad West. Additionally, the amenities provided are not only limited to investors or owners but also to working professionals and manpower that work in these pre-leased office spaces. Malad is one of the top emerging areas for commercial centres that include the perfect amalgamation of retail, office and warehousing. With close proximity to mobility options like railway stations, highways and other conveniences, First Avenue by Atul Projects proves its mettle as the best commercial investment in Mumbai right now.
