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Industrial leasing in Mumbai PDF Print E-mail

Along with the capital hub of the country Mumbai city is also deemed as the business hub of the country. This calls for a lot of commercial in the city. Hence a major part of Mumbai real estate is dominated by commercial properties. Properties in Worli, Powai, Nariman Point etc are the best examples of commercial properties, as these places are well developed as far as infrastructure and transportation are involved. The fast growing industrial spaces have now been spreading to Mumbai suburbs like Andheri properties & Malad properties from South Mumbai for various reasons like the proximity of household areas of the manpower operating in such firms & the availability of spaces to develop the essential infrastructure at cost-effective charges as compared to South Mumbai.

A lot of MNC'S with different nature of enterprises like banking & financial institutions (FII's), Shipping firms, manufacturing firms, hospitality etc have occupied massive quantity of space in the metro city Mumbai. Commercial property in Mumbai majorly consist of industrial areas, warehouses, corporate offices, Gala, shops etc.

Commercial leasing and Residential leasing being two different features in the real estate vertical are diversified in case of legal aspects, pricing and time span for which they are taken on lease in respective cases. Residential projects in Mumbai is commonly taken for a short period for example the agreement is generally made for 11 months on leave and license basis as compared to the commercial areas are taken for a span of 3 years to 5 years on lease. Corporates generally choose commercial space on lease because it more economical as compared to purchasing commercial space on outright in a city like Mumbai.

Certain factors to be thought of before binding to a commercial property in Mumbai are as follows:

  • Cost: Consult an ideal realtors who can help you a pricing of property in the area you are seeking out for.
  • Traffic: In case of commercial space depending upon the type of business you acquire take into consideration the traffic produced by a distinct area. In case of enterprises like restaurants boutiques etc you may involve a property in an area which generates high targeted visitors as in such kind of businesses the footfalls needed are high. Hence select an proper area which will produce good traffic relying upon the nature of business.
  • Amenities: The property should have good volume of amenities / infrastructure as expected for your business. For example a good ventilation, electric supply etc.

 

 
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