Navi Mumbai is transitioning from a satellite township to a central commercial hub within the Mumbai Metropolitan Region (MMR), supported by steady occupier demand, expanding Grade A and A+ office supply, ESG-compliant buildings, improved connectivity and major infrastructure developments, according to a new report by CRE Matrix titled “Navi Mumbai Rising: A Comprehensive Perspective on India’s Next Commercial Real Estate Hub.”
The study indicates that Navi Mumbai is increasingly being recognised as a primary office and employment market, backed by a growing social and talent ecosystem. A strong educational network is enhancing workforce availability, while better liveability conditions are helping employers attract and retain professionals. Residential expansion, retail growth and a rising concentration of data centres are further strengthening its position as a scalable business destination.
Large infrastructure projects linked to Mumbai 3.0 initiatives — including the Navi Mumbai International Airport, JNPT, metro corridors, Atal Setu connectivity and the Katai Naka Tunnel — are improving regional integration and reducing travel time, reinforcing Navi Mumbai’s role as a connected growth corridor.
Commenting on the findings, Abhishek Kiran Gupta, CEO and Co-founder, CRE Matrix, said, “The next cycle of MMR’s commercial real estate growth will be led by Navi Mumbai on three major pillars – G.C.C, Green Buildings and Gigawatts, resulting in a massive institutional-grade growth core business destination. Navi Mumbai’s ascent is numbers-driven – a 21% office rental advantage attracting GCCs, 23.5 msf of green building development, 628 MW live IT load across 7.5 msf of data centres, and a 3,400+ MW upcoming data-centre pipeline — marking its transition into a core commercial and digital infrastructure hub.”
The report adds that office rents are about 21% lower than Tier-1 city averages, while 72% of Grade A/A+ stock is green-certified. With 628 MW of operational IT load and projections exceeding 3,400 MW by 2035, Navi Mumbai is positioning itself as a major data centre market in Asia.
Source: The Free Press Journal
