Pinnacle

Many companies are today shifting office base to navi mumbai due to the easy availabilty of residential options for their employees. Cheap rent and outright rates compared to mumbai, makes it much more lucrative for these companies to shift lock stock barrel to navi mumbai n just have a representative presence in Mumbai.

In Vashi, Sanpada, CBD Belapur, plenty of offices are available in the range of Rs. 45 - 70 per sq.ft/month budgets. Compare that with Rs. 100-150 per sq.ft/month in andheri area, and the enormous cost benefit is visible.

In fact developers there are now making commercial bldgs with 18 - 25 storeys, and average floor plates range between 5,000 - 25,000 sq.ft
Add to this is the top line amenities and you have a win wind situation for the corporates as well as the developers.

Any inputs from fellow members ? and any questions... i would be more than glad to reply them

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Ram