Why is Navi Mumbai the Best Place to Lease Commercial Property

The city of Navi Mumbai has gradually turned out to be among the most preferred places to lease commercial property.

This is a fast developing city that has numerous benefits and thus makes it a good choice for businesses who want to establish their operations in the most ideal location. When you are thinking of leasing commercial space in Navi Mumbai, this is the reason why you should choose it.

1. Ideal Location and connectivity.

The strategic location is one of the main factors why Navi Mumbai can be considered the most appropriate place to lease commercial property. Located in the western coast of Maharashtra, Navi Mumbai has a good connection with the other commercial centers such as Mumbai. Expressways, well-established road networks, and developing metro systems enable businesses in Navi Mumbai to have easy access to major markets in the entirety of Maharashtra and Mumbai in particular.

Also the city is within a close distance of the Chhatrapati Shivaji International Airport and the Jawaharlal Nehru Port, which are critical to business people dealing with logistics and international trade. This accessibility to transport centers ensures that Navi Mumbai is an ideal place where companies that are involved in international and regional trade can be found.

2. Low Cost Commercial Real Estate Rates.

Navi Mumbai is less expensive than the high rents in Mumbai. The rent on the commercial property in Navi Mumbai is relatively lower and this is a big attraction to businesses who want to venture or establish themselves without straining the wallet. In the case of entrepreneurs, startups, and even well-established businesses, leasing commercial space in Navi Mumbai can be very cost-saving which can be used elsewhere in its business like in marketing, inventory or technology.

In addition, Navi Mumbai also has a variety of commercial space, be it an office space or a retail space, an industrial space, and hence it is an easier task to get a space that suits your budget and needs. It is a good location where businesses with a limited budget can contemplate renting business premises.

3. Advanced Infrastructure and Facilities.

Navi Mumbai is also reputed in terms of the best infrastructure and facilities. The city is designed in such a way that the increasing demand of commercial spaces is met so that business people can access the amenities and facilities which are of high quality. You can be assured of a modern infrastructure, like maintenance of good electricity and water supply, up to date communication systems, and easy car parks whether you lease an office space, a retail outlet, or an industrial warehouse.

Along with the usual facilities, Navi Mumbai has been developed with green areas, shopping malls, and sports clubs and recreational facilities, a high quality of life has been ensured to those who work and live within the city. The infrastructure is well-kept and this is one of the major advantages of the businesses that need to find a comfortable and convenient working and customer environment.

4. Government Initiatives and Business-Friendly Environment.

Navi Mumbai has a business friendly atmosphere which promotes large and small start-ups to set up. The city belongs to the Maharashtra Industrial Development Corporation (MIDC) which assists in the industrial growth and development. The government has also put in place a number of programs to lure companies to the area such as tax breaks and special economic zones (SEZs) which also enhances the attractiveness of renting a commercial space in Navi Mumbai.

The proactive nature of Navi Mumbai in terms of urban development and business growth means that the business is able to obtain the needed support to be successful. The government of the city is a major factor that contributes to its attractiveness as a place to lease a commercial property through its enhanced infrastructure and easier licensing procedures.

5. Losslessness to a talented Workforce.

Organizations and companies have access to a well-educated and skilled labor force due to the accessibility of some of the best educational establishments in Mumbai and other regions around Navi Mumbai. Business organizations leasing the commercial space in Navi Mumbai have the benefit of tapping into a talent pool composed of such professionals in different industries as finance, technology, healthcare, and in the retail setting.

The growth of the city also draws the professionals that would like to work in a well-developed and modern city without having to incur the high expense of living and working in Mumbai. The supply of talent in the city of Navi Mumbai is also a guarantee that there is a wide pool of talent available to businesses, which is very crucial in business development and innovation.

6. Sustainable Development and Green.

Navi Mumbai is reputed to be environmentally conscious and green. There has been a great effort on developing green infrastructure in the city such as green buildings, energy saving systems, and carbon footprints minimization programs. The opportunity to lease the commercial property in Navi Mumbai provides businesses that care about sustainability and greenish practice with the possibility to match the values.

In addition to that, the city has few environment-friendly business parks and commercial complexes, which are created to offer a comfortable and eco-friendly workplace. Besides benefiting the environment, these green buildings also reduce the operational expenses by minimizing energy consumption as well as encouraging sustainable business operations.

7. Expanding Commercial Real Estate.

Navi Mumbai real estate is on a boom as new real estate projects and development are being unveiled on a regular basis. Office spaces, retail outlets as well as warehouses have been developed to accommodate an increasing demand and hence any business can easily get a location that suits it.

With Navi Mumbai in the process of growth and development, commercial property demand will increase, and this will lead to the further investment of the region. Companies that now decide to lease property in the city are able to enjoy the increased property values and the prospects of growth in the long term.

8. Safe and Secure Environment

The issue of safety will always be a priority to businesses intending to lease commercial property. Navi Mumbai is among the safest cities in India having low rate of crime and well organized police force. The city has been dedicated to safety and security to the extent that businesses, employees, and customers have an assurance of being safe in the commercial properties and this is a vital aspect in the day to day operations.

Conclusion

Good infrastructure, affordable rates, presence of talent and a favorable environment that is business friendly makes the leasing of commercial property in Navi Mumbai one of the best places to conduct business in the state of Maharashtra. The increasing business real estate sector, government incentives and sustainable development plans of the city makes it a good location for companies which would love to have a solid presence in the region.

Navi Mumbai offers the best place to build and prosper, regardless of whether you are a startup with a need to have a cheap office space or an established business with a need to rent a bigger commercial space. To know more about commercial properties in Navi Mumbai, pay a visit to Realtevo and go through our wide assortment of properties on lease.