Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.
Mumbai commercial realty outperforms NCR, offering higher investment returns, according to Knight Frank. This is attributed to favorable business conditions, talent access, and connectivity.
Rising real estate rates in Mumbai and other metropolitan cities have led to an increase in rental values, up to 11% in Mumbai. South Mumbai saw a drop, but suburbs experienced significant growth.