Central Mumbai business district, including areas such as Lower Parel, Dadar, Prabhadevi, is expected offer 19% returns to investors in the next five years, which is highest among the business districts in the country, said a new study.
Central Mumbai is expected to have rental growth of 47% and capital growth of 63% in the next five years.
Mumbai's secondary business districts which includes Andheri, Jogeshwari, Goregaon and Malad, next in the list with 15% investor return per annum. The business district is expected to give 28% rental growth and 42% capital value growth in the next five years, said a report by Knight Frank Research.
“The comparative strength of a city’s office market is primarily dictated by factors such as availability of talent pool, quality infrastructure, domestic & international connectivity and favourable government policies among others. As per our forecast horizon (2013-2017), the overall office market scenario in Mumbai is likely to improve," said Samantak Das, head of research at Knight Frank.
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