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- Nice info
Thanks for sharing the information.
It definitely sums up the real estate scenario in Navi Mumbai. Moreover, visionary companies like Reliance have also rightly accredited the promising opportunities in the area with the Dhirubhai Ambani knowledge city, even before adjoining areas like Koperkhairne developed as of today.
A few years back, streets in areas like CBD Belapur with high rise buildings wore a deserted look with people having invested in apartments, but yet not chosen to shift bases there. But things must have definitely changed now......
- Navi Mumbai..
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 themCommentQuote0Flag
- Pinnacle - do you think Navi mumbai will replace the island city as the place for corporates?CommentQuote0Flag
- Mumbai to Navi Mumbai is not that easy..Originally Posted by mumbaishahPinnacle - do you think Navi mumbai will replace the island city as the place for corporates?
For all the merits that Navi Mumbai may have over Mumbai, it surely cannot even contemplate replacing Mumbai as far as corporates go. COst is not the only driving factors for corporates to relocate their businesses. Mumbai offers lots of core competencies to these businesses, which can never be duplicated by Navi Mumbai
Navi Mumbai was meant to be a twin city to accomodate the spill over of the Mumbai after effects and serve as a proper satellite city. But even after so many years of formation, it has not managed to fulfill its objectives. We still have a long way to goCommentQuote0Flag