office in mumbai
Mumbai means the city of dreams, where all dreams can come true, be it Bollywood or business. Once you get established here, there will be no need to worry about making money. If you are planning to open an office in Mumbai with that dream, then there is good news for you. In fact, a report has recently come out that office rent in Mumbai is much lower than in Delhi. In such a situation, you can now easily start your business in Mayanagari.
According to Knight Frank India, Delhi-NCR is the sixth most expensive office market in the Asia Pacific region. According to real estate consultants, the average monthly rent for an office here is Rs 340 per square foot. Mumbai is ranked 8th in this list.
Delhi-NCR at number 6
Delhi-NCR is the sixth most expensive office market in the APAC region, Knight Frank said in its latest Asia Pacific Prime Office Rental Index for Q3 (July-September) 2024.
read this too
Hong Kong remains the most expensive office market in APAC during the third quarter of this year. Prime rental rates in NCR remained stable in the third quarter of 2024, while those in Mumbai and Bengaluru increased by five per cent and three per cent year-on-year.
In Mumbai you will only have to pay this amount of rent
Mumbai’s prime office rent stood at Rs 317 per sq ft per month and was the eighth most expensive commercial market in the APAC region. Bengaluru ranked 18th on the list and is one of the least expensive prime office markets. The rent for the main office here was recorded at Rs 138 per sq ft per month.
Shishir Baijal, Chairman and CEO of Knight Frank India, said: “The resilience of the Indian economy continues to drive global corporate interest, as evidenced by continued demand in India’s key office markets.”
