The Financial Capital of India is a hot favorite destination for MNC's, Banks and various other companies. Mumbai being an island city has limited Central Business Districts and it becomes easier at times to make a choice considering the few options you have. Mumbai is well connected by Local Trains and an extensive network of BEST which runs the local buses in Mumbai. Office premises in February 2008 are at their peak in each location. The pressure is on a quality Commercial Corporate office complexes with limited availability left.

Demand
Suburban locations and Central Business District have emerged as the most preferred locations. This quarter financial services were the primary demand drivers and absorbed, approximately 64% of the total space absorbed during the quarter. The suburbs of Andheri, Malad and Powai have witnessed substantial absorption during the quarter. Lotus Towers in Andheri West has reported a very high lease rent transaction rate of Rs.300/- PSF for A + Commercial Space, which is the most expensive ever in Andheri West.

Major Office Destinations
The demand for office space during the quarter was spread across all micro markets, though note evenly. Andheri, Bandra Kurla Complex. Kalina, Worli and Lower Parel captured significant demand for large and medium size office space, while CBD (Nariman Point and Off CBD precincts met the demand primarily for small size format spaces.