Mumbai is one of the most prosperous cities in India. From both commercial and financial perspective, it is the heart and soul of the country. There is no wonder that the city is attracting entrepreneurs from every corner of the country to cache on the prospects and prosperity it offers and to build their Offices in Mumbai. Amidst the scenario of industrial boom and buzz, what poses a problem for the businesses is scantiness of Mumbai office space. Land problem is so acute in the city that it has contributed to the skyrocketing prices of commercial properties. In fact, Mumbai is the most expensive city in India and also finds a rank in the list of costliest cities in the world.
Enclosed by water on its three sides, Mumbai comprises of seven islands. This kind of physical composition has left limited scope for expansion which is in turn, responsible for space constraint in the city. Mumbai is struggling hard to accommodate its surging population wave. Many people are migrating to the city to earn bread and butter and that is also adding to population bulge. All these are creating excessive demand for commercial property in Mumbai and making the space a more expensive asset for the city dwellers as well as those trying their luck in this metropolitan city. Fast transport facilities are one of the reasons why Mumbai is the most industrially developed city in India. However, you won’t experience the same standard in every nook and cranny of the city. Whenever you are looking for serviced office space in Mumbai, check the important location factors like parking facility, available transport choices, closeness to major transport centres etc. These factors make a strong impact on purchase price or rent figure of a commercial property in Mumbai.
Bangalore is rightly nicknamed as “The Silicon Valley of India”. It is abuzz with commercial activities on a larger scale. Being a house to the most prestigious Indian IT companies, Bangalore is making progress by leaps and bounds. With its meteoric rise to the height of prosperity, there has been increasing demand for offices in Bangalore. Even getting a small office space has become strenuously difficult due to abnormal rise in real estate especially for those meant for commercial use.
Climate is pleasant here but that does not count as a possible reason for thriving business prospect in Koramangala. The city is a head-to hub for the IT professionals due to presence of some industry-famous names like Infosys, Wipro, Siemens, and NDS etc. This city is well connected to other parts of Bangalore and so provides the businessmen and working professionals with better transport communication facility. Being a part of this rapidly growing area won’t be a financially viable choice for all. Especially when it comes to served office space in Koramangala, making purchase of a commercial real estate will cost you a bomb in the pocket.
Office Spaces In Mumbai And Bangalore