Mumbai – The Business Capital of India

Mumbai – The Business Capital of India

Introduction

After India introduced liberalization in 1991, the country started dropping it’s frugal, socialist image and beliefs, and initiated the journey towards becoming a more flexible and free market.

This development impacted Mumbai the most, and the city started transforming overnight.

Today, there is no death of commercial property in Mumbai and there are several prestigious business hubs all over the city. Here are some of the most prominent ones:

BKC-Kalina

•Bandra Kurla Complex (BKC) was built on marshy land on the northern side of Mahim Creek to decongest South Mumbai’s saturation of offices and commercial spaces.

•Today it is home to several multi national companies such as ICICI Bank, Standard Chartered, Citigroup,Bank of India, Bank of India, NSE (National Stock Exchange), SEBI, NABARD, IL&FS, MMRDA, and UTI.   The world's largest diamond bourse, Bharat Diamond Bourse (BDB) is also located in BKC.

•Kalina, an adjoining region to BKC, also boasts of several corporate houses such as JP Morgan, Kotak, JWS, Edelweiss and L&T.

Vikhroli

•A northeastern suburb of Mumbai, Vikhroli, which is a fast developing hub since it is well connected to the Central Railway rail track, the Eastern Express Highway and the Lal Bahadur Shastri Marg

•One of the most distinguished ones is the Godrej Business District which has more than a million square feet of office space. Some of the renowned companies here are Accenture, WNS, TCS, etc. 

•In close proximity is the  247 Park developed by HCC Real Estate with prominent tenants such as Future Group, Tata Consulting Engineers and DHL.

Powai

•Another northeastern suburb of Mumbai, Powai has grown drastically in recent years, to become one of the city’s most upmarket commercial and residential hubs

•A crucial reason for it’s quick rise is the Jogeshwari-Vikhroli Link Road (JVLR), which connects  Powai to Mumbai's western and eastern suburbs.

•It is a hub , not only for corporate offices such as Crisil, Deloitte, Kellogg's etc but also for start-ups like Housing.com.  

Western Suburbs (Andheri,Jogeshwari,Goregaon,Malad)

•Andheri-Jogeshwari have been a commercial and industrial powerhouse for quite a few years now. Thanks to the entertainment business, these districts attract a lot of investment.  

•Corporate houses like HUL, Glenmark, Viacom 18,Kotak, Oracle Financial Services Software Limited and Cigna are among the prominent ones here.

•Goregaon has many malls like Inorbit in the west and Oberoi in the east. This has made Goregaon a commercial as well as industrial hub. One of the most notable firms here is Ogilvy and Mather, and advertising giant which shifted from Lower Parel to Goregaon, for the same reasons.

•The Mindspace area in Malad, which was an erstwhile dumping ground, but was converted into an IT and BPO hub by the K.Raheja group and now has companies like JP Morgan, Sony, Airtel and more.

Lower Parel and Elphinstone Road

Lastly, coming to one of the places where Mumbai started turning into a financial, industrial and commercial powerhouse. And this is long before the liberalisation happened. This was the centrepoint of Mumbai’s textile mill revolution.

Today, it has several swanky corporate and residential complexes. One of the tallest buildings in Mumbai, Indiabulls One and Indiabulls Finanace Centre are found here.

One can find mega corporate powerhouses like  Aditya Birla Group, Reliance Capital, Tata Motors, Starbucks, Deloitte and several media houses as well.

Peninsula Corporate Park, one of the first corporate hubs here, changed the entire image of the area and has the head offices of Vodafone India and Piramal Health Care.