
"Commercial real estate in Navi Mumbai comes at competitive prices vis-?-vis other options in the Mumbai metropolitan region (MMR), with the added advantage of being located in a well-planned city," adds Gajra.
IT/ ITeS SEZs and businesses that have anything to do with rail/road transport and logistics or shipping, are proving to be the next big segment in Navi Mumbai's commercial spectrum, shares Mayur Shah, honorary secretary, MCHI.
Ramneek Bakshi, principal of global property consultants, LJ Hooker, points out that MNCs view India within the parameters of the 'Brazil, Russia, India, China' (BRIC) equation. "When they look at India as a business entity, Mumbai takes prime position. When they start looking out for space, Navi Mumbai, which forms the third level of real estate pricing, is attractive for MNCs looking to set up shop in the Mumbai region," he explains.
At the Norwegian consulate in Mumbai, George Mathew, honorary consul general, concurs, "If you look at real estate pricing trends in the MMR, Navi Mumbai fits the bill on many counts. However, the clincher is the price efficiency and developed infrastructure that Navi Mumbai provides," he concludes. Original source: economictimes.indiatimes.com
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