Work on metro railway project is in full swing in Mumbai and sense of positivity about the proposed international airport, there seems to be slight movement in the sales of commercial property in Mumbai. With an increased approach in commercial property in Mumbai area after the transport infrastructure is developed there has been a simultaneous increase in commercial property as well.

Mumbai geared up for taking the step in developing a parallel industry for commercial property. Situation of commercial property in Navi Mumbai is slow in motion at present, but with the infra-boom that will happen in Mumbai seems that the scene will improve in future as said by developers of Navi Mumbai.

Post recovery of the economy after the slowdown there were sporadic demands for commercial office spaces in Mumbai. With the passing time demand was diminishing for the commercial property.

Demand has risen in commercial property in Mumbai as compared to the year before and last it seemed that the situation would brighten for the commercial real estate industry. In mid-90’s recession phase some developers from Navi Mumbai relate this slowdown in sales. After the recession, there are some location of Mumbai like Turbhe, Mahape and Airoli witnessing large scale development of IT Hubs and associates industries.

The development was happening at hectic pace till 2008 when the construction again slowed down. With the economy back to normal it is to be seen whether Mumbai city can still attract the IT and allied industries. Relators express their opinion that select areas in the cyber city like the ones near Vashi station and even the Palm Beach Road and Belapur still attract people of Mumbai or other cities too.

Mr. Girish Dedhia, a relator from the Mumbai city is quite hopeful that the situation will improve after the pace of construction of proposed airport at Panvel is hastened.

Today commercial spaces in Mumbai being developed but there isn’t a flurry of demand from the corporate sector right now, but scene may witness a total transformation in coming future. As said to the newspaper by reputed developer associated with the Builders Association of Navi Mumbai that the quality of commercial property in Mumbai has improved over the years.

Another relator from Navi Mumbai said that the areas along the city fringes like Kamothe and Kalamboli including Panvel will witness a little but fair amount of activity on the front in coming days. Despite the fact that an airport is coming up in the vicinity of Panvel the demand for commercial premises is lesser than the supply and there isn’t still a scramble for commercial property yet.

Once, the airport is ready including the other nodes as well like road infrastructure, metro rail are functional they will feel there will be a sizeable improvement in the sales of commercial property in Mumbai. Overall, it’ll be always a practical and profitable options for businessmen investing in Navi Mumbai.