Mumbai’s thriving neighborhood of Ghatkopar West has become a popular place to invest in commercial real estate. It has witnessed rapid urbanization and commercial growth in the past few years. Due to its proximity to Bandra Kurla Complex (BKC), this locality is now a top option for businesses. Corporate offices, retail malls, and entertainment venues can all be found in the vicinity, providing a favorable atmosphere for business growth.
Recent data show major lease and sales activities in Ghatkopar West. Out of a total stock of 876,064 sf of office space, 231,252 sf was leased out in the last 12 months and 6,687 sf was sold.
Let’s examine the factors that make Ghatkopar West an ideal location for commercial real estate investments. Visit FloorTap.com to look at office spaces for lease or sale.
What Makes Ghatkopar West Suitable for Commercial Real Estate Investments?
In the field of commercial real estate, Ghatkopar West offers significant investment returns. The growing number of businesses in the surrounding area is driving up demand for commercial spaces in this area. Here’s why Ghatkopar West stands out as a commercial hub.
Location and Connectivity
Ghatkopar West is situated in the eastern part of Mumbai. Mahatma Gandhi Road, Tilak Road, Lal Bahadur Shastri Road, Barrister Nath Pai Road, and the RB Marg pass through Ghatkopar, linking it to other areas of Mumbai. The nearest airport is the Chhatrapati Shivaji Maharaj International Airport which lies at a distance of 6.5 kilometres. From Thane and Navi Mumbai, you can reach Ghatkopar West via the Sion-Panvel route and the Eastern route.
Additionally, Mumbai’s suburban train network provides excellent connections to Ghatkopar West, with the Ghatkopar Station acting as a significant transportation hub. Also, Line 1 of the Mumbai Metro connects Ghatkopar to Andheri and Versova.
Infrastructure and Development
Ghatkopar West’s growth and infrastructure are the result of an attempt to build a contemporary, sustainable, and interconnected urban environment. There have been numerous road expansion and improvement initiatives to reduce traffic and facilitate connectivity.
The area has seen a boom in retail and commercial development, with the construction of supermarkets, retail stores, shopping centers, and multiplexes
In a recent transaction in Ghatkopar West, Powai Valley Ventures acquired office space in Raheja Plaza for Rs. 16,482 psf.
Let’s have a look at the most expensive buildings in Ghatkopar West.
| Buildings | Average Rental (Chargeable) INR/sf |
| Silver Point | 145 |
| Swastik Disha Business Park | 120 |
| Skyline Epitome | 108 |
Unique Features
The magnificent ISKCON Temple is a must-visit for anybody interested in spiritual and cultural experiences. Popular local sports club Jolly Gymkhana offers a range of recreational opportunities, from social events to sports. Also, Ghatkopar West is a food lover’s delight, offering a wide variety of cuisines such as street-side snacks, international dishes, and traditional Maharashtrian food.
Rental Yields
The great demand for office spaces in Ghatkopar West is partly because of the area’s prime location, first-rate connectivity, and close proximity to corporate centers.. Its reputation as a profitable real estate investment location draws businesses and investors. This investor interest drives up property prices, leading to increased rental income and higher rental yields.
About current rentals, in December 2023, Ikshana Netralaya leased an office space of 4,886 sf at Rajhans Helix-3, for Rs. 41 psf.
Here are the top five tenants in Ghatkopar West who have leased office space.
| Tenants | Average Rental (Chargeable) INR/sf |
| Roche Diabetes Care India | 115 |
| Metallurgical Services | 109 |
| Takasago International India | 106 |
| Letswork Co Space | 98 |
| Nokia | 95 |
Recommended Commercial Properties in Ghatkopar West
With potential for growth and success, Ghatkopar West has developed into a thriving business hub. The commercial real estate market in Ghatkopar West is seeing a notable increase in property values. By making an investment now, you may secure significant future returns on your investment while also capitalizing on this upward trend. Some highly recommended commercial properties in Ghatkopar West that are perfect for office spaces are Ajmera Sikova and The Metropole.
Next year, Ghatkopar West will see a significant surge in office space development, with an anticipated addition of 319,643 square feet. This will increase to 496082 sf and 589618 sf in the next consecutive years.
Whether you’re a broker, tenant, or landlord, FloorTap helps you find the best deals in commercial real estate.
