MMR Q1 2015: Rental Property Tracker
Rental Tracker Q1 January – March 2015
Salient Features:
- Among the top five rental markets based on availability, four of them are located in Mumbai and its suburbs. Only Kharghar is located in Navi Mumbai.
- Localities such as Goregaon, Kandivali and Malad have excellent connectivity to central business districts (CBDs) such as Bandra-Kurla Complex (BKC) and Andheri-SEEPZ via Western Express Highway (WEH).
- Kandivali is one of the oldest industrial locations in Mumbai. The famous Mahindra & Mahindra is located in Kandivalli and employs about 5,000 people. Other famous industrial parks are Akurli Industrial Estate and Kandivali Industrial Estate, which have driven the rental demand in this micro-market to an all-time high.
- Powai is one of the famous localities in Mumbai. It has Kensington SEZ, which is an IT SEZ, and the famous IIT Mumbai. Off late, Powai is also being called the start-up hub of Mumbai. The rising population of students and IT professionals in this region is making Powai a good place for rent.
- Kharghar is located close to the industrial parks in Navi Mumbai and also CBD Belapur.
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