Navi Mumbai Gains as MMR Office Hub with Rs 70 Rent

01 Sep 2025 CW Team

Navi Mumbai is rapidly establishing itself as a premier office destination within the Mumbai Metropolitan Region (MMR), boasting 23.8 million square feet of Grade A office space—around 20 per cent of the total 120 million square feet across MMR—according to a report by Cushman & Wakefield. With an 87 per cent occupancy rate, the region benefits from cost advantages, robust infrastructure, and a large talent pool, making it an attractive choice for businesses.

An additional 4 million square feet of new office space is projected by FY2028, indicating sustained interest from developers and strong demand from occupiers. Navi Mumbai draws talent from nearby educational institutions, producing nearly 150,000 graduates annually. The area offers a range of residential options and superior infrastructure. With average quoted rents at Rs 70 per square foot per month—about 57 per cent lower than prime MMR locations—Navi Mumbai presents a compelling cost advantage.

Survey data from over 30 Global Capability Centres (GCCs) found that talent availability (91 per cent), cost-effective Grade A space (77 per cent), and modern infrastructure (73 per cent) were the top factors driving location preferences. Navi Mumbai aligned strongly on all three fronts.

The upcoming Navi Mumbai International Airport, expected to be operational by late 2025 with an initial capacity of 20 million passengers, along with the Kharghar–Turbhe Tunnel and Palm Beach Road extension, will further boost the area’s connectivity.

Cushman & Wakefield noted that India’s GCC sector is growing fast, with its share in leasing projected to rise from 23 per cent in 2023 to 29 per cent in 2025. Gautam Saraf, Executive Managing Director at Cushman & Wakefield, highlighted that Mumbai’s infrastructure push is opening new corridors and Navi Mumbai’s integrated, scalable urban framework is well placed to absorb the next wave of real estate growth.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..