August 28, 2025: Navi Mumbai is emerging as a prominent office destination within the Mumbai Metropolitan Region (MMR), according to a new report by Cushman & Wakefield. The city currently offers 23.8 million sq. ft. of Grade A office space, accounting for around 20% of MMR’s total 120 million sq. ft., with occupancy steady at 87% . Developers are planning an additional four million sq. ft. of office space by FY2028, signalling continued confidence in the market.
The report highlights the strong cost advantage of Navi Mumbai, where average rents of Rs 70 per sq. ft. per month are roughly 57% lower than prime Mumbai locations. Occupiers benefit from high-quality Grade A standards at significantly lower costs, making the city an attractive alternative for businesses seeking value without compromising on infrastructure.
Talent availability is another key factor driving interest. Navi Mumbai has access to nearly 150,000 graduates annually. A Cushman survey of more than 30 Global Capability Centres (GCCs) identified talent supply, affordable office space, and robust infrastructure as the top considerations for location strategy, all of which Navi Mumbai fulfils.
Infrastructure developments are further enhancing connectivity. The Atal Setu bridge is improving access to South Mumbai, while the Navi Mumbai International Airport, scheduled to open by late 2025 with an initial capacity of 20 million passengers, is expected to elevate the city’s role as a business hub. Projects such as the Airoli-Katai Naka Road, Kharghar-Turbhe Tunnel, and the Palm Beach Road extension will further improve internal connectivity.
With India’s GCC sector forecast to grow its leasing share from 23% in 2023 to 29% by 2025, Navi Mumbai is well-positioned to capture a significant portion of this expansion. Its combination of competitive rents, scalable Grade A offices, young workforce, and infrastructure upgrades makes the city a compelling choice for businesses.
Navi Mumbai is thus set to consolidate its status as a key office hub within MMR, backed by rising demand, new supply, and major connectivity enhancements.
Source: Times Property
