Located in the central suburbs of Mumbai, Bhandup has seen a transformation from a predominantly industrial area to a thriving commercial zone. The neighborhood is in high demand for office and commercial space due to its advantageous location and easy access to major transportation routes. This region has every kind of workspace, from luxurious corporate offices to affordable co-working spaces.
Bhandup is a great place for businesses to operate because of its strategic location near the Eastern Express Highway, LBS Marg, and the Central Railway Line. This draws in a variety of industries, IT companies, and startups. Additionally, the expansion of infrastructure, like the proposed Metro Line 4, will undoubtedly improve accessibility and position Bhandup as one of the fastest-growing business areas with enormous potential in the future.
Bhandup’s advantageous location and affordable rental prices have contributed to the growth of demand for office space and other commercial space during the past few years. According to recent data, out of a total stock of 1,267,770 square feet of office spaces, 165,035 square feet were leased and 4,349 square feet were sold in the last 12 months. The average chargeable rental is Rs. 80.9.
What Makes Bhandup a Thriving Commercial Hub?
In the last couple of years, commercial space demand has increased in Bhandup, thanks to a favorable geographical location and a relatively low rent price. With its accessibility to important business districts and modern infrastructure, Bhandup is fast emerging as an upcoming choice for all businesses wanting to expand and grow. Let us examine the factors that have contributed to the rise of Bhandup as a commercial hub.
Excellent Location and Connectivity
Its excellent connectivity makes Bhandup a very sought-after destination for companies looking for easy and convenient office locations. With access to major roads like the Eastern Express Highway, LBS Marg, and JVLR or Jogeshwari-Vikhroli Link Road, one can reach key business districts such as Powai, Thane, and South Mumbai. This, in turn, helps the companies with reduced travel time for the working employee and facilitates the logistics of goods and services with greater efficiency.
Also, Bhandup Railway Station falls under the Central Line of the suburban railway network in Mumbai, adding to the connectivity benefits for daily commuters and making it easy for businesses to hire the best talent across the city. The proposed Mumbai Metro Line 4 will connect Wadala to Kasarvadavali and will increase accessibility to a great extent by majorly shrinking travel time, thereby increasing the area’s attraction toward businesses looking for well-connected commercial spaces. With ongoing infrastructure development, Bhandup stands at the forefront as a well-connected node that might assume the spotlight as one of the hurrying commercial hubs in Mumbai.
Infrastructure and Development
Infrastructural development has rapidly converted Bhandup into a node for business enterprises. The Metro Station in Bhandup, Metro Line 4, will connect major places and reduce travel time, facilitating business ventures in this area even more. A newly developed ultramodern water treatment plant will result in better water quality for the inhabitants and hence a better scope of continuous growth.
In addition, the LBS Road extension and beautification work in progress makes it more connected and attractive. These factors not only raise property values but also lure investors and firms in search of good connectivity and efficient locations. In a nutshell, different developments at Bhandup have increased its commercial prospects and presented the area as one of the best options for investors and businessmen in Mumbai.
Let us look at the most expensive office buildings in Bhandup.
| Buildings | Average Rental (Chargeable) INR/sf |
| Eastern Business District | 92 |
| Der Deutsche Park | 84 |
| Filix | 75 |
High Rental Yields
Bhandup is a desirable location for investors in commercial real estate because of its potential for high rental yields. In Bhandup, the need for office space is growing. Its close proximity to Powai and other commercial locations is what fuels this demand. Consequently, there has been a steady increase in rental prices, providing investors with appealing returns. Bhandup offers strategic advantages that make businesses willing to pay more for premises. This guarantees investors a consistent stream of profitable rental income.
Bhandup’s development into a business center is indicative of its strategic importance within the metropolitan framework of Mumbai. It provides cutting-edge infrastructure and good connections. It is the best option for companies and investors because of its high rental yields.
In a recent transaction, Robosoft Solutions leased an office space of 2,240 sf in Filix for Rs. 89 psf. Let us also look at the other tenants renting office spaces in Bhandup.
| Buildings | Average Rental (Chargeable) INR/sf |
| Rebel Foods | 104 |
| Ebixcash Global Services | 83 |
| GTS E-Services | 83 |
| Magma HDI | 77 |
| Pace Business Solutions | 65 |
Recommended Properties
Bhandup is an emerging commercial hub, characterized by its prime location, quality infrastructure, and vibrant ecosystem. High commercial rental yields and strong rental activity attract business and encourage innovation, growth, and economic vigor in the region. Some of the best commercial properties in Bhnadup that offer luxurious office spaces are Rustomjee Bella and Sai Indu Tower. The next 3 years will see the addition of 40,000 sf of office space to Bhandup.
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