August 28, 2025: Navi Mumbai is set to emerge as a key office destination within the Mumbai Metropolitan Region (MMR), driven by rapid infrastructure upgrades, competitive costs and strong access to talent, according to a report by Cushman & Wakefield.
At present, MMR’s prime office clusters are concentrated in Bandra Kurla Complex (BKC), Worli-Prabhadevi, Lower Parel, Nariman Point, Andheri, Goregaon and Powai. However, Navi Mumbai is now gaining prominence, particularly with the upcoming Navi Mumbai International Airport, expected to commence operations by the fourth quarter of 2025.
The airport will open with a capacity of 20 million passengers annually, scalable to 90 million, positioning Navi Mumbai as a strategic commercial hub. Complementing this are several infrastructure projects, including the Airoli–Katai Naka Road, the Kharghar–Turbhe Tunnel Link Road and the Palm Beach Road extension, all of which are expected to further improve intra-city connectivity.
The report highlights that India’s Global Capability Centre (GCC) sector is expanding steadily, with its share of leasing forecast to grow from 23% in 2023 to 29 % by 2025. A survey of more than 30 GCCs found that talent availability (91 %), cost-effective Grade A office space (77 %) and infrastructure (73 %) were the top drivers influencing location strategy.
Navi Mumbai offers a strong value proposition on all three counts. The region benefits from proximity to leading educational institutions, producing nearly 150,000 graduates each year, alongside a diverse mix of housing options catering to various budgets. Importantly, with average quoted rentals of Rs 70 per sq ft per month — around 57% lower than prime MMR sub-markets — companies gain a significant cost advantage without compromising on quality.
Gautam Saraf, executive managing director, Mumbai & new business at Cushman & Wakefield, noted: “With Mumbai’s infrastructure push unlocking new corridors, Navi Mumbai’s integrated and scalable urban framework is perfectly positioned to absorb the next wave of real estate growth.”
Source: Business Standard
