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National: Mumbai is expected to beat NCR in office properties

Beating National Capital Region (NCR), Central Mumbai has become India’s most attractive commercial realty investment destination. As per a report by global real estate consultant Knight Frank, it is expected that in next five years office properties in Mumbai will provide nearly 19% net annual returns with increase in prices by 63 percent and in rents by 47 percent. Expected annual returns in NCR are just 10percent, which is one of the lowest returns.


Samantak Das, Chief Economist, Knigh Frank India stated during an interview, “At 19% per annum return, Mumbai’s central district, which comprises Parel, Lower Parel, Dadar, Prabhadevi, will yield the best return on investment in the country.”


According to an expert, the contributing factors behind this growth in Mumbai are availability of talent, conducive business environment, international air connectivity, presence of prominent stock and commodity exchanges along with headquarters of several banks. If the same report is to be believed, in coming year the economy will revive, which will result in increased demand for office space in Mumbai and Delhi. Expected subdued returns from Delhi are 10 percent in which more than half supply will be added during 2013-17.


Mr. Das further added, “With 14 percent per annum, Hyderabad (SBD), Mumbai (BKC & off BKC) and Pune (SBD East) are at third position in terms of investors return. Despite being the largest office markets in the country, the business districts of the National Capital Region (NCR) and Bengaluru, will lag behind other cities in terms of investor return.”

This entry was posted in Bangalore, Gurgaon, Investment, Mumbai, NCR Delhi, Newsletter, NOIDA, Rentals. Bookmark the permalink.

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