About Mumbai – India’s Financial and Commercial Capital

Mumbai is the financial capital of India and is the place where the main stock exchange, leading banks, and multinational companies of the country are situated. In its capacity as the capital of Maharashtra, Mumbai leads India’s economy through such sectors as financial services, media, IT, pharmaceuticals, and transportation.

By the beginning of 2025, Mumbai will take the lion’s share of more than a fifth of India’s primary office real estate market. It also has high rates of uptake in the Central and West suburbs. The development of Metro Line 3 and the construction of the coastal road projects are also contributing to the connectivity and business attractiveness of Mumbai.

By 2025, Mumbai will have emerged as one of the most prominent places that hold the Global Capability Center (GCC) in India. It has a share of about 19% of the nation’s GCC footprint. This makes Mumbai one of the top three cities regarding GCC presence in the country, third only to Bengaluru and Hyderabad.

Through its dynamic ecosystem, Mumbai offers opportunities for companies ranging from small startups to Fortune 500. It is much of the talent pool, the cosmopolitan culture, and the solid urban planning of the megacity that still make it the ultimate office leasing city of India.

Office Space for Rent Pricing in Mumbai

Mumbai offers office spaces for everyone, from the Best Grade A buildings in corporate hubs to the cost-efficient spaces in commercial pockets. Office space cost mainly depends on the location in the city. The type of office needed (unfurnished, semi-furnished, or fully furnished) and the facilities available in the building are also some of the parameters on the basis of which the cost is determined. Even if one is a bootstrapped startup or a company that is just starting to operate, Mumbai has a workplace for them.

Here’s a snapshot of average monthly rent in Mumbai’s top commercial areas:

Note: These prices can go up or down, as they are not fixed and depend on the quality of the building (A, B, or C), the level of the floor on which it is, the furniture (bare shell, semi-furnished, or fully furnished), and the extras, like parking area, backup power supply, and security.

Businesses looking for office space for rent in Mumbai should also think about the distance to the metro, the availability where food courts and banks are available, and the locals’ opinion. All of these can change the prices.

Best Office Space for Rent in Mumbai

Here are some of the top office spaces for rent in Mumbai:

1. Trent House – Bandra Kurla Complex (BKC)

Trent House is a fantastic commercial office space located in Mumbai. It is the best choice of commercial office space, which is made with all the modern facilities that allow the business to operate smoothly. The place is easily accessible by public transport and is near the Kurla railway station and all the major famous markets.

2. INS Tower – Bandra Kurla Complex (BKC)

The INS Tower, situated on Trident Road, G Block of Bandra Kurla Complex (BKC), is the most renowned business address. It is available for corporate offices, financial institutions, and multinational companies. This convenient business property ensures easy entry and exit to toll roads and Mumbai’s main business locations.

3. Adani Inspire – Bandra Kurla Complex (BKC)

Adani Inspire is one of the commercial projects of Adani Realty that can be found in Bandra Kurla Complex, Bandra East. The location is close to the airport, major hotels, road network, and local stations all around the BKC area. The project is also ready to meet the requirements of the business with modern amenities and a 24X7 security service, apart from providing in-house parking. 

4. First International Financial Center – Bandra Kurla Complex (BKC)

Situated conveniently at Plot C-54 and C-55, G Block, Bandra Kurla Complex (BKC), Bandra (East), Mumbai, First International Finance Centre is a very good place to do business in Mumbai’s most important finance location. This up-to-date commercial area is a perfect solution for the headquarters of corporate offices, financial institutions, and multinational companies that require a top-notch office space with modern infrastructure.

5. Godrej BKC – Bandra Kurla Complex (BKC)

Located at Godrej BKC, Plot C-68, G Block, Bandra (East), Mumbai, this luxurious office space is a truly unique business place in the center of Mumbai’s economic center. Apart from the hi-tech and efficient infrastructure, this place also offers excellent public transport and highway accessibility. It is suitable for businesses in Mumbai that are looking for office space for rent in Mumbai for corporate offices, financial institutions, and multinational companies.

Top Locations Where Office Space for Rent in Mumbai is Available

Here are some of the most in-demand locations for office rentals in Mumbai:

1. Bandra Kurla Complex (BKC)
   BKC is Mumbai’s most prominent commercial district and a great option for companies looking for Grade A offices. Renowned for its superb infrastructure, excellent accessibility, and its closeness to 5-star hotel chains and the airport, BKC is the corporate home for Trent House, Godrej BKC, and Adani Inspire.
   
2. Andheri East
   A bustling business area, Andheri East is quite close to the airport, the metro, and business parks. This place best suits tech organizations and other mid-sized enterprises that require great office locations that are well-linked to transportation at low prices.
   
3. Lower Parel
   Lower Parel is a quickly developing business district having a combination of corporate establishments, retail stores, and coworking offices. The location has first-rate road and rail networks, and also a bustling business district.
   
4. Nariman Point
   Nariman Point is still the most popular business center in Mumbai’s history and a favorite place for top-level corporate executives, finance firms, and consultancies. It consists of high-quality business centers that have a view of the sea and are centrally accessible.
   
5. Powai
   Powai is sought after by startups, tech businesses, and global corporations. It is known for its modern IT parks, beautiful surrounding neighborhoods, and convenient proximity to residential areas.
   
6. Vikhroli
   A rapidly developing commercial center, Vikhroli is a perfect place for start-ups that are growing and logistics companies that are in desperate search of cheap but modern office settings. The area is easily accessible via roads and is just a stone’s throw from Eastern Express Highway.
   
7. Goregaon East
   A workplace for corporate parks as well as coworking hubs, Goregaon East is the best place for businesses hunting for spaces worth the money. It has access to both the Western Express Highway and rail lines.

Estimated Deposit for Office Space and Commercial Leasing in Mumbai

If you have decided to go for office space for rent in Mumbai, you are typically required to provide a security deposit. This deposit usually ranges from 3 to 6 months’ rent. The actual amount is influenced by factors as where the office stands, the number of months you want to take over the lease, and whether the office is unfurnished or furnished. For instance, if you pay the landlord ₹50,000 every month, the security deposit will likely be in the range of ₹1,50,000 to ₹3,00,000. This money is held by the landlord as a security fund during your tenancy.

Before you put your signature to the lease agreement, it is necessary to go through the lease carefully. Ensure that you are explained the refund and notice periods of the deposit, and also how the deposit will be used. The above points will keep you informed when the lease ends. When you are sure about the terms of the deposit, you can peacefully go through your rental in Mumbai without any hitches.

Why Choose myHQ to Book an Office Space for Rent in Mumbai?

Trying to get your desired office space in Mumbai in an efficient and trouble-free way? If your office location preference is in the city and you have no hassles about it, myHQ of ANAROCK is the perfect place to accomplish this task. Definitely, myHQ is the easiest way for you to get the most suitable office space in Mumbai at a price that is very attractive to you.

Here’s what makes myHQ the smart choice for office space for rent in Mumbai:

• Zero Brokerage Fee – Feel free not to think about paying extra or hidden charges. myHQ ensures that you only pay for what you see.
• 100% Verified Properties – Choose only from trustworthy properties, which are screened for safety, quality, and amenities.
• Your Own Office Consultant – Receive personalized help from professionals who are knowledgeable about your business requirements and financial capabilities.
• Largest Network of Commercial Workspaces – Browse among thousands of alternatives, from coworking seats to even the whole managed office floors.
• Backed by ANAROCK – myHQ is enabled by ANAROCK, which is one of the most trusted and reliable real estate consultancies in India.

What Sets Us Apart

Our track record speaks for itself:

• Over 50,000 seats delivered to growing businesses
• A portfolio of 5,000+ verified properties across top locations
• Trusted by 5,000+ corporate clients
• Supported by 100+ dedicated account managers
• Presence in 30+ cities across India

Whether you need a single desk or a full floor, myHQ can help you find the right office space for rent in Mumbai without the stress.

Frequently asked questions.