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Buying real estate in Mumbai, is no easy feat. The price per square footage can reach sky high levels much like the buildings themselves and the choices are endless. This mega city is home to millions and constantly sees the influx of new hopefuls as well, not to mention the innumerable amount of businesses and industries that have made Mumbai their home. Therefore, it definitely comes as no great surprise that the one industry that is growing along with the city and its denizens is the real estate one. The boom in residential and commercial real estate in Mumbai has been tremendous and developments continue to spring up in the blink of an eye. When looking at residential property for purchase, your choices usually depend on factors like the locality, educational organizations in the area, recreational facilities, potential distance and commute to work etc. It also has a lot to do with the emotions you associate with a space. However when it comes to commercial real estate in Mumbai there are a plethora of things to consider in order to ensure it is the ideal space for your business needs as well as from an investment point of view. Investing in prime commercial real estate in the city does not mean simply purchasing a boring or lack-luster office space any more. The latest developments have a lot to offer and you need to clear as to what makes it the best space for you. One of the major aspects that not only define the price you are paying but also often the accessibility associated with a business in this metropolis is the location. Mumbai and its suburbs are spread far and wide. Within the seemingly ever expanding city limits you will an increasing number of pockets that become hubs for commercial activity of different kinds. These hubs are usually well connected to other major areas, are equipped by a good network of public transportation and are sometimes very well planned. One case in point is the Bandra Kurla Complex or BKC as it is known. Yes, these areas may command a higher price per square foot than a more underdeveloped area but you are also paying for convenience, facilities and potential growth of your business as well. Your office in particular has to be based in a locality that is easily accessible for your employees as well as your clients. Another factor many savvy and successful business owners look out for when searching for commercial real estate in Mumbai is the development itself. Projects here are a dime a dozen; therefore tread wisely when looking at a property for your needs. Nowadays, office and commercial spaces aren't just about housing a business; the space and the buildings that house it go a long way in creating an maintaining the image of a company as well as helps in fostering a more dynamic and efficient work culture. The amenities and facilities offered, security details, accessibility and more all play a part in finding the best commercial space. Author Bio: Jacob Bell is a real estate broker and writes vastly about the industry as a hobby. He currently has a keen interest in the real estate industry in developing countries like India and the potential in residential and commercial real estate in Mumbai city in particular. He also loves to travel and chronicle his journeys.
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