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In the last few years, the number is rising for investors and corporates who are seriously looking or wanting to invest. Mumbai remains India’s number one destination for office space investment.
Mumbai is witnessing the rapid development phase in the real estate sector. In this diverse market, developers and buyers are spreading at a fast rate. Anyone can obtain office space for lease in Andheriand Powai at affordable price rates.
Projects like L&T Technology Center IV have sketched the perfect face of the real estate sector in the region/area. Well-designed, Central AC system and its closeness to the metro station are the few of many features of the property.
Powai’s market is influenced, by numerous commercial growths taking place in the region. Due to this spillover effect, various micro-markets are also originating within the location. The price of office space in Powai has risen at present from Rs. 6000 per sq. Ft. to Rs18000-25000 per sq. Ft.
Experts have stated that Powai is generating rental returns in the favourable range of 2.5 to 3%. Those who hold property here has seen substantial growth of 17 % in the last 5-years. Property prices have increased primarily because of infrastructure development, ease of travelling via road and rail and the increasing commercial office and micro markets in the region.
It is essential for a real estate buyer to know where his main focus should lie. In this diverse realty market like those in Mumbai, an area like Powai is one of the most advanced regions in the existing marketing conditions.