Ghansoli is well-known for its expanding commercial industry. It is a well-known neighborhood in Navi Mumbai and is home to several IT enterprises and industries. It is also a major corporate and IT hub. Owing to its advantageous position and first-rate connectivity, Ghansoli is garnering attention as a thriving commercial hub. Ghansoli’s strategic location between Vashi and Airoli offers a conducive environment for businesses to grow.
With its ideal combination of accessibility, facilities, and expansion potential, Ghansoli stands out as a top competitor in the evolving commercial real estate of Navi Mumbai. The establishment of a large number of IT parks, SEZs, and tech-focused commercial complexes in the area has fueled the demand for office spaces. Out of a total stock of 1,574,023 sf of office spaces in Ghansoli, 473,758 sf was leased in the last 12 months.
What Makes Ghansoli a Thriving Commercial Hub?
The modern infrastructure and strategic position of Ghansoli make it a desirable site for office spaces. Let’s examine the elements that have led Ghansoli to become a leading center for commercial real estate in more detail.
Excellent Location and Connectivity
One of Ghansoli’s main attractions is its advantageous location. With its prime location in the center of Navi Mumbai, it has easy access to both Mumbai and other regions of Maharashtra. The Eastern Freeway, Palm Beach Road, and Thane-Belapur Road provide excellent access to the area. Its proximity to important business districts like Airoli and Vashi further enhances its appeal.
Businesses find Ghansoli more appealing because of its strong road, rail, and impending metro connectivity. The demand for office spaces is further driven by the ease with which clients and employees may commute to key transit hubs. The upcoming Navi Mumbai International Airport construction promises to further amplify commercial activity in the region.
Infrastructure and Development
The strong infrastructure development in Ghansoli is one of the factors behind the city’s real estate boom. The area’s civic amenities, transit, and roadways have seen continuous improvements. The Navi Mumbai Metro is a game-changer that will further improve connectivity and accessibility, drawing more people and businesses to the area with its planned extension to Ghansoli.
Apart from its urban growth, Ghansoli is dedicated to maintaining green areas and offering leisure facilities. Community spaces, parks, and running routes all add to the high standard of living of the locals. Ghansoli is a desirable location because of its harmonious fusion of modern living and green surroundings and emphasis on balanced urban development.
With these urban developments, Ghansoli has witnessed the emergence of avant-garde office spaces equipped with modern amenities and cutting-edge technology. These spaces cater to the evolving needs of various businesses. One of the most expensive commercial buildings in Ghansoli is Loma IT Park (Q parc Aurum) with an average rental of Rs. 55 psf.
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High Rental Yields
Ghansoli offers a great investment opportunity for rental yields. Property values in Ghansoli may increase over time as the neighborhood develops into a commercial hub and experiences economic expansion. By profiting from both capital growth and rental income, investors can increase their overall returns on investment.
Ghansoli’s considerable infrastructural upgrades, which include amenities, connection, and transit networks, add to the neighborhood’s appeal to tenants and companies. Properties situated in well-connected regions with easy access to essential facilities typically achieve higher rental rates and better rental yields for investors.
In a recent transaction, OYO Workspaces leased an office space of 97,322 at Loma IT Park (Q parc Aurum) – Q2 for Rs. 66 psf in March 2024. Let us look at the top tenants renting office spaces in Ghansoli.
| Tenants | Average Rental (Chargeable) INR/sf |
| OYO Workspaces | 66 |
| DP World Global Service Centre | 62 |
| Axis Bank | 61 |
| Hexaware Technologies | 53 |
| ICICI Bank | 50 |
Ghansoli’s appeal as a commercial real estate market is attributed to a number of factors. These include the development of infrastructure, the construction of contemporary office buildings and commercial complexes, the existence of IT parks and SEZs, improved connectivity, growing business demand, proximity to residential areas, government support, and potential for economic growth.
To meet the increasing demand from companies and investors looking for contemporary workspace solutions in this developing business hub, Ghansoli’s commercial real estate market will see the addition of 206,812 square feet over the course of the next two years.
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