Navi Mumbai: A Rising Star in the Mumbai Metropolitan Region's Office Market
Navi Mumbai has emerged as a major office hub with 23.8 million sq ft of Grade A office space, contributing 20% to MMR's total commercial supply. A Cushman & Wakefield report highlights the city's growth, driven by cost advantages, talent availability, and infrastructure upgrades.
Navi MumbaiOffice SpaceReal EstateMmrCushman WakefieldReal Estate NewsAug 28, 2025
The report notes that Navi Mumbai has an occupancy rate of 87%, supported by cost advantages, talent availability, and infrastructure upgrades. An additional 4 million sq. ft. of new office space is projected by FY2028, underscoring steady developer interest and strong demand from occupiers.
The region benefits from proximity to educational institutions, providing access to a talent pool of nearly 150,000 graduates annually. The presence of modern infrastructure and a variety of residential options—from budget to premium—adds to its attractiveness for enterprises considering new office locations. At an average quoted rent of ₹70 per sq. ft. per month, about 57% lower than prime MMR sub-markets, it provides companies with a compelling cost advantage without compromising on quality.
Survey findings of over 30 Global Capability Centers (GCCs) highlighted talent availability (91%), cost-effective Grade A space (77%), and infrastructure (73%) as the top factors influencing location strategy. Navi Mumbai aligns closely with these, offering access to nearly 150,000 graduates annually, modern infrastructure, and diverse housing options.
At average rentals of ₹70 per sq ft per month, roughly 57% lower than prime MMR markets, Navi Mumbai provides companies with a cost-efficient alternative. The upcoming Navi Mumbai International Airport, expected to be operational by late 2025 with an initial 20 million passenger capacity, along with projects like the Kharghar Turbhe Tunnel and Palm Beach Road extension, are expected to further strengthen its connectivity, Cushman & Wakefield said.
India’s GCC sector is expanding rapidly, with its share of leasing projected to rise from 23% in 2023 to 29% by 2025, underscoring the demand for high-quality office space across both established and emerging corridors. Within MMR, Navi Mumbai is gaining traction supported by infrastructure upgrades, cost-effective supply, and a growing talent base, reinforcing its role as part of the region’s evolving office ecosystem.
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, said Gautam Saraf, Executive Managing Director, Mumbai and New Business at Cushman & Wakefield.
Frequently Asked Questions
What is the current Grade A office stock in Navi Mumbai?
Navi Mumbai currently has 23.8 million sq ft of Grade A office stock.
What percentage of MMR's total commercial supply does Navi Mumbai contribute?
Navi Mumbai contributes about 20% to MMR's total commercial supply of 120 million sq ft.
What are the main factors driving Navi Mumbai's growth as an office hub?
The main factors driving Navi Mumbai's growth include cost advantages, talent availability, and infrastructure upgrades.
How much new office space is expected by FY2028 in Navi Mumbai?
An additional 4 million sq ft of new office space is expected by FY2028 in Navi Mumbai.
What is the average quoted rent for office space in Navi Mumbai?
The average quoted rent for office space in Navi Mumbai is ₹70 per sq. ft. per month, which is about 57% lower than prime MMR sub-markets.
Related News Articles
Equinox India Developments Limited: The New Face of Indiabulls Real Estate
Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.
Bumpy Ride: Director Vivek Agnihotri Exposes Pothole-Ridden Mumbai-Nashik-Igatpuri Highway
After highlighting the poor condition of Pune's roads, Director Vivek Agnihotri has now posted visuals of the pothole-ridden Mumbai-Nashik-Igatpuri drive.
Special Diwali Edition of Dreams Per Square Feet: A Comprehensive Look at Real Estate
Pune, 15th October 2024: Dreams Per Square Feet, India's first hybrid magazine dedicated to the real estate industry, is back with a special Diwali edition. This edition offers deep insights into the latest trends, innovations, and expert opinions in the
Mumbai Sees Significant Rise in Property Registrations During October 2024
The real estate market in Mumbai witnessed a 22% year-on-year increase in property registrations for October 2024, with a notable surge in high-value transactions. Properties priced below Rs 50 lakh saw a decline in registrations, illustrating a shift tow
Pacific Group Launches 15 Lakh Sq Ft Mall and 130-Key Hotel in Jaipur
Pacific Group has announced the development of a 15 lakh square foot mall and a 130-key hotel in Jaipur, set to transform the city's real estate landscape.
Brahmaputra Infrastructure Ltd’s Stock Surges 20% After Q4 Profit Soars 7,064%
Brahmaputra Infrastructure Ltd's stock hit the upper circuit, surging 20% after the company announced a remarkable 7,064% jump in net profit in Q4 FY25. This strong financial performance has drawn significant investor interest.