Benefits of Investing in Commercial Properties in Vikhroli

Vikhroli.

Vikhroli has grown exponentially from a relatively quiet residential area in Mumbai into a hot commercial destination with massive business interest. It is located in the eastern suburbs of the city, situated between Powai and Ghatkopar. This strategic location has been one of the major factors in its development. Also, easy accessibility to key commercial districts like Bandra Kurla Complex (BKC) and Lower Parel through the Eastern Express Highway and LBS Marg makes Vikhroli an ideal business destination.

The neighborhood is affordable, especially compared to other commercial hubs close at hand like Powai and BKC, making it an attractive destination for companies looking for budget-friendly, well-connected office space. Commercial demand, particularly on office properties, has witnessed sharp growth recently as large-scale developments such as Godrej One and Godrej IT Park offer modern, Grade A office spaces with a range of modern amenities.

Recent data shows that businesses have leased 2,699,984 square feet of office space and purchased 128,963 square feet out of a total stock of 6,753,016 square feet in the last 12 months. The average chargeable rental is Rs. 122.9.

What Makes Vikhroli a Thriving Commercial Hub?

Vikhroli has become a prime location for SMEs, and larger corporates, looking for a competitive rental offer and long-term growth. Ongoing infrastructure improvements are driving increased demand for commercial spaces in Vikhroli. This growing demand establishes Vikhroli as one of the prime commercial hubs in the region. Let’s explore the variables that have helped Vikhroli become a major business center.

Excellent Location and Connectivity

Situated between Powai and Ghatkopar, the prime location of Vikhroli is well-connected to the major business districts of Mumbai. This area is appropriately served by the Vikhroli railway station on the Central Line, which is accessible to daily commuters. Because of this good connectivity, the place has become very convenient and able to house businesses and employees with much ease.

Vikhroli’s excellent road connectivity further adds to its commercial attractiveness. The major arterial road, the Eastern Express Highway runs straight from Vikhroli to the southern areas of Mumbai, including business centers like Lower Parel and Fort. In addition, there is easy access to Thane to the north. Another significant route, the LBS Marg, connects Vikhroli to the nearby business hubs, like Ghatkopar and Kurla.

Infrastructure and Developments

The region of Vikhroli is experiencing significant growth in infrastructure, as evidenced by the proliferation of office buildings, business parks, and smart commercial spaces. Large-scale projects like Godrej One and Godrej IT Park have turned Vikhroli into a thriving center for finance, manufacturing, and IT firms. Furthermore, co-working spaces, shops, and leisure centers improve the area’s business viability.

Prestigious educational institutions like IIT Bombay and Bombay Scottish support Vikhroli’s infrastructure, making it a great place for talent-driven companies. High-end healthcare facilities like Godrej Memorial Hospital and Hiranandani Hospital enhance the area’s allure for both residents and companies. Future and ongoing infrastructure initiatives, like road upgrades and metro expansions, will further enhance the appeal of this bustling locality.

As Vikhroli continues to grow, startups, SMEs, and even larger corporations are increasingly considering the area for setting up their operations. This demand is expected to rise as infrastructure continues to improve. In a recent transaction, Bluemarlin Container Line purchased an office space of 19,790 sf at Lodha Codename Signet (Rare Fortune) for Rs.19,790 psf.

Let us look at the most expensive commercial buildings in Vikhroli.

BuildingsAverage Rental (Chargeable)
INR/sf
Godrej Two212
Godrej One179
Jaswanti Land Mark170

High Rental Yields

The commercial real estate market in Vikhroli is competitive in terms of rental yields, and the same can be upgraded further with infrastructural developments and connectivity. With planned metro lines and improvements on roads shortly, the area would remain promising. This makes the perfect spot for investment that will cash in a high rental yield in the long run. Investors are now giving more attention to Vikhroli as the best possible location for long-term growth, affordability, and strategic location.

In a recent lease transaction, Sanofi Consumer Healthcare India leased an office space of 23,173 sf of office space at Godrej Two for Rs.175 psf. Let us look at the other tenants renting office spaces in Vikhroli.

TenantsAverage Rental (Chargeable)
INR/sf
Burns & McDonnell150
Accenture110
HDFC75
WNS Global Services71
TCS66

Recommended Properties in Vikhroli

Vikhroli, the rapidly emerging commercial hub in Mumbai, offers a range of promising properties ideal for businesses and investors. With excellent connectivity, robust infrastructure, and proximity to key corporate centers, Vikhroli has become a preferred destination for those seeking high-potential commercial spaces. Some of the recommended properties in Vikhroli that offer office spaces are Jaswanti Land Mark, and Lodha Codename Signet (Rare Fortune)

In the next 1 year, Vikhroli will witness the addition of 400,000 sf of office space. Additionally, 2,600,000 sf and 2,870,000 sf will be added in the second and third years respectively.

FloorTap connects you with commercial real estate stakeholders for effective decision-making, regardless of your role as a broker, tenant, or landlord.

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