Navi Mumbai to Emerge as MMR's Next Prime Office Destination: Report
Navi Mumbai is poised to become a leading office destination in the Mumbai Metropolitan Region (MMR) due to its robust infrastructure, cost-effective office spaces, and access to a large talent pool.
Navi MumbaiReal EstateOffice SpacesInfrastructureCosteffectiveReal Estate MumbaiAug 28, 2025
MMR’s existing prime micro-markets include Bandra Kurla Complex (BKC), Worli-Parabhadevi, Lower Parel, Nariman Point, Andheri, Goregaon, and Powai. These areas have long been the go-to locations for corporate offices due to their well-developed infrastructure and central locations.
According to the report, Navi Mumbai currently offers 23.8 million square feet (msf) of grade A office stock, representing about 20 per cent of MMR’s total 120 msf supply. The occupancy rate stands at an impressive 87 per cent, and a further 4 msf of new supply is expected by the financial year 2028 (FY28). This signals sustained developer interest supported by robust occupier demand amid constrained availability in other prime sub-markets.
The report also includes findings from a survey of over 30 Global Capability Centres (GCCs), which identified the top three factors influencing location strategy as talent availability (91 per cent), cost-effective grade A space (77 per cent), and infrastructure (73 per cent). These factors are crucial for enterprises looking to expand or relocate their operations.
Navi Mumbai 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, ranging from budget to premium, adds to its attractiveness for companies considering new office locations. At an average quoted rental of ₹70 per square foot per month — about 57 per cent lower than prime MMR sub-markets — it provides companies with a compelling cost advantage without compromising on quality.
The Navi Mumbai International Airport is expected to become operational by Q4 CY2025, with an initial capacity of 20 million passengers annually and scalable up to 90 million. Once operational, it will position Navi Mumbai as a central node in the MMR. Other infrastructure projects, such as the Airoli-Katai Naka Road, Kharghar-Turbhe Tunnel Link Road, and Palm Beach Road extension, are also expected to enhance accessibility within Navi Mumbai in the coming years.
India’s GCC sector is also expanding rapidly, with its share of leasing projected to rise from 23 per cent in 2023 to 29 per cent by 2025. Gautam Saraf, executive managing director, Mumbai & new business, said: “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.”
Frequently Asked Questions
What are the key factors influencing the choice of Navi Mumbai as an office destination?
The key factors include talent availability (91 per cent), cost-effective grade A space (77 per cent), and infrastructure (73 per cent).
How much grade A office stock is currently available in Navi Mumbai?
Navi Mumbai currently offers 23.8 million square feet (msf) of grade A office stock, representing about 20 per cent of MMR’s total 120 msf supply.
What is the expected occupancy rate in Navi Mumbai's office spaces?
The occupancy rate in Navi Mumbai's office spaces stands at an impressive 87 per cent.
What is the average quoted rental for office spaces in Navi Mumbai?
The average quoted rental for office spaces in Navi Mumbai is ₹70 per square foot per month, which is about 57 per cent lower than prime MMR sub-markets.
When is the Navi Mumbai International Airport expected to become operational?
The Navi Mumbai International Airport is expected to become operational by Q4 CY2025, with an initial capacity of 20 million passengers annually and scalable up to 90 million.
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