Andheri: The Commercial Real Estate Goldmine of Mumbai

Andheri, a vibrant commercial hub in Mumbai, offers a unique blend of established business districts and emerging growth corridors. Whether you're a seasoned entrepreneur or a budding startup, finding the perfect commercial real estate location in Andheri can be the key to your success. Let's delve into the distinct areas of Andheri and explore what they offer:

Andheri boasts a rich commercial heritage with well-known business centers like Veera Desai Industrial Estate and Link Road. A corner of Veera Desai Road in Andheri is rapidly converting into a Bollywood hub, with celebrities like Amitabh Bachchan, Sara Ali Khan, and Kartik Aryan buying office spaces in separate deals collectively worth ₹47.82 crore.

These areas are home to established corporations, multinational companies, and banking institutions, offering an air of prestige and stability. Andheri is well-connected to other parts of Mumbai via the Western Express Highway and the Mumbai Metro. This accessibility is a major advantage for businesses that rely on efficient transportation of goods and services. Prime locations in Andheri command premium rental rates, making it an attractive investment proposition for property owners.

Andheri East presents a compelling option for businesses seeking cost-effective commercial spaces. With a burgeoning infrastructure and development projects underway, this area offers exciting growth potential. Andheri East is strategically located near upcoming commercial districts like Vikhroli and Powai. This proximity allows businesses to tap into a wider talent pool and benefit from the overall growth of the region. Several new commercial complexes with modern amenities and Grade-A office spaces are emerging in Andheri East, catering to the needs of contemporary businesses.

In the bustling heart of India’s financial capital, Mumbai, the real estate market is experiencing an unprecedented surge. Mumbai’s real estate sector has long been hailed as one of India’s most vibrant, driven by a complex interplay of factors that have fueled its growth over the years. The city’s commercial real estate landscape is poised for yet another remarkable chapter, characterized by escalating demands and innovative developments. According to the latest office report, ‘CBRE India Office Figures Q2 2023’, office leasing in Apr-June ’23 in Mumbai stood at 1.3 mn. sq. ft. Key sectors that drove absorption included BFSI (31%), technology (28%), and engineering & manufacturing (13%) in April-June ’23. The report further highlighted that Mumbai office space absorption was driven by medium-sized (10,000 – 50,000 sq. ft.) deals. Also, non-IT developments led the supply and absorption with 100% and 50% share, respectively.

Government initiatives aimed at infrastructural development are further propelling commercial growth, creating a favorable environment for investors and businesses alike. The Mumbai Metropolitan Region Development Authority (MMRDA) has been instrumental in enhancing the city’s connectivity, weaving a web of new highways, metro lines, and transport links. This enhanced connectivity not only eases daily commutes but also opens up new areas for development, setting the stage for unprecedented real estate expansion. In a city where major micro markets such as Bandra-Kurla Complex, Nariman Point, Lower Parel, Worli, Thane, Airoli, Vikhroli, and Goregaon are already witnessing commercial growth, Andheri leads the pack for commercial investment due to its strategic location and infrastructural upgrades.

Atharv Aaradhyam is raising the bar for commercial properties in Andheri with its premium G+2 development with direct access to the main road. Designed to enhance business visibility and functionality, this project features a vast 65 feet frontage, beamless slabs for maximum flexibility, CFO compliance, and cutting-edge private elevators. Each office space is equipped with separate washrooms, ample parking, and an exclusive front lobby to provide a seamless experience.

The building also offers unparalleled branding opportunities on the façade, ensuring maximum visibility for businesses. The ground floor is ideal for high-profile ventures like car or jewellery showrooms, banks, and luxury furniture outlets, while the upper floors cater to a variety of businesses such as offices, clothing boutiques, fitness centers, interior studios, cafes and music production facilities. Strategically located in the heart of Andheri’s business district, Atharv Aaradhyam is perfectly positioned to leverage the suburb’s growing commercial potential.

The recent introduction of the Mumbai Metro Lines 2A & 7 offers seamless connectivity and has revolutionized daily commutes, reducing travel times significantly. Proximity to the Chhatrapati Shivaji Maharaj International Airport has turned Andheri into a magnet for corporates seeking a strategic location, both for domestic operations and international business interactions. Andheri’s seamless connectivity extends beyond metro lines, encompassing the Eastern and Western Express Highways. Strategic roads like the Andheri-Kurla Link Road and the Jogeshwari-Vikhroli Link Road (JVLR) ensure swift access to the western and central suburbs, making it an ideal choice for businesses and individuals alike.

In a city where real estate opportunities are as dynamic as the city itself, Andheri represents more than just a location; it embodies Mumbai’s spirit of advancement and innovation. As the commercial real estate market continues its upward trajectory, Andheri stands as a testament to Mumbai’s unwavering commitment to progress.