Why Vidyavihar is Gaining Popularity as a Business Destination?

Vidyavihar, a Mumbai suburb has slowly begun to catch attention as an emerging commercial hub. Strategically between Ghatkopar and Kurla, it offers excellent connectivity and booming infrastructure, making it a perfect destination for businesses to seek office spaces and commercial properties. Proximity to business districts like Bandra-Kurla Complex (BKC) and Powai makes it a sought-after location.

Demand for commercial spaces, mainly office space in Vidyavihar has been on an upswing over the past few years with its strategic location and competitive real estate pricing. Modern business parks, co-working spaces, and flexible office layouts have only increased this demand. Strategically well-connected via road, rail, and the soon-to-be-commissioned metro lines, Vidyavihar is an easy location for companies seeking a strong presence in central Mumbai.

According to recent data, out of a stock of 1,843,038 sf of office space, 118,902 sf were leased in the last 12 months and 11,882 square feet were sold. The average chargeable rental is Rs. 107.2.

What Makes Vidyavihar a Thriving Commercial Hub?

Ideally situated between Kurla and Ghatkopar, Vidyavihar has the potential to become a major business center. It provides excellent access to the public by road, rail, and the soon-to-be metro lines. The locality boasts infrastructural splendor and competitive rentals coupled with proximity to business hubs. These factors, combined with the availability of contemporary office spaces and business parks, are driving demand and making businesses find their way to this commercial destination.

Excellent Location and Connectivity

Vidyavihar enjoys an advantageous location near major commercial districts and transport links, with convenient access provided by Vidyavihar Railway Station on the Central Line. Many parts of Mumbai are easily accessible from Vidyavihar. Easy connectivity through the road is also available through the Eastern Express Highway, LBS Marg, and the Santacruz-Chembur Link Road (SCLR). This cuts down the employee commute time and enhances business operations. The metro’s improvements will increase accessibility, making Vidyavihar a more sought-after destination for business.

Infrastructure and Development

Vidyavihar is gaining prominence as a commercial hub because of the boom in its infrastructure. Being on the more beneficial side of prime business parks like Neelkanth and Kohinoor and also being close to Mirchandani Business Parks within a 5 km radius is increasing the need for office space. The location offers proximity to primary transport links such as the Eastern Express Highway, Ghatkopar Metro Station, and Kurla Railway Station, which add further connectivity, making it lucrative for businesses and tenants.

Also, proximity to Chhatrapati Shivaji Maharaj International Airport and employment hubs like BKC provide a geographical advantage for commercial properties. Competitive rentals as well as excellent road infrastructure provide easy access to amenities like Phoenix Marketcity, thus creating a high demand for commercial spaces.

In a recent transaction, in March 2024, Nathani Industrial Services purchased an office space in Neelkanth Business Park for Rs. 23,066 psf. Let us look at the other expensive buildings in Vidyavihar.

High Rental Yields

Investing in commercial real estate in Vidyavihar offers a promising opportunity for high rental yields. With competitive rental rates compared to neighboring business districts like Ghatkopar and Kurla, Vidyavihar is becoming a prime location for businesses. The ongoing infrastructural developments, such as improved connectivity through metro expansions and enhanced road networks, are expected to further boost property values and demand.

As the area continues to grow, rental yields are anticipated to rise, making it an ideal time for investors to capitalize on Vidyavihar’s strategic location. Invest now to secure affordable commercial spaces and enjoy substantial returns in the future.

In a recent transaction, Hansa Cequity. Here is the list of the top tenants renting office spaces in Vidyavihar.

The strategic location of Vidyavihar with outstanding connectivity and infrastructure growth over the past couple of years places it as a rising commercial hub in Mumbai. Because of this, it’s an ideal location for a business to establish a significant presence in Mumbai. The upcoming metro lines and excellent road and rail connectivity further add value to this bustling neighborhood in Mumbai. With time, Vidyavihar will become a thriving business district owing to the increased demand for commercial space.

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