Guide to renting office space in mumbai
Mumbai may not immediately spring to mind when considering office space to rent, but the Indian capital is actually one of the world's busiest commercial property markets.
Not only the biggest city in the country, Mumbai is also one of the most populous urban areas in the world; over 20 million people live there. Combined with the highest GDP in all of South, West and Central Asia, the city is an enormous financial and industrial hub. It generates 5 per cent of India's GDP and generations over a quarter of its industrial output. No wonder it was named an Alpha world city in 2009.
Mumbai's port is one of the reasons why the city is so important, accounting for 70 per cent of the country's maritime trade. But the city's business district is equally vital, housing headquarters for the Reserve Bank of India, the Bombay Stock Exchange and lots of international corporations. Indeed, Mumbai is one of the world's top 10 cities of commerce.
With so many companies staking a claim in the country's premier financial hotspot, demand for commercial property is consistently strong. Over the years, Mumbai's skyline has grown to rival the world's other major cities, such as New York and London. Towering skyscrapers contain serviced offices to rent from roof to floor, while many are home to media companies.
Indeed, India's movie industry and publishing houses are all based in Mumbai. Bollywood's financial clout has evolved to rival the strength of the stock exchange and IT industry, while wealthy businessmen and extravagant film studios have helped the property market to become more luxurious as the years have gone by.
The result is a melting pot of culture, commerce and trade that attracts migrants from all around the globe looking for work. With families and firms relocating to India to build a brighter future, interest in office space continue to climb.
Who wouldn't want to invest in real estate in a city like that?
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