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Home > Forum > Mumbai > Buying property > Ground floor commercial property in Fort for 23,000 per square foot. Overpriced?

Ground floor commercial property in Fort for 23,000 per square foot. Overpriced?

Q: Hi, I have been offered a ground floor commercial property in Fort for 23,000 per square foot. What would general rental be? Is that very overpriced for the area? I heard people are fleeing the area to move to Bandra.
Thank you

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Replies (1)
1
Hi Lisa, I think the price is fine witnessing the price appreciation in the area. Also, Fort is a business district in Mumbai. The commercial properties which are given for rent in Fort are generally in the price range of Rs 20,000- Rs 40,000 depending on the neighbourhood. In my opinion, the price is fine.
Sankalp


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