Turbhe, located in Navi Mumbai, has developed into a bustling business center. Its advantageous location close to Mumbai, India’s financial hub, has drawn companies looking to get close to Mumbai’s market at relatively cheaper operating expenses. The last several years have seen a rapid growth of the area’s infrastructure. Today, Turbhe is home to a number of IT parks and corporate buildings that draw in business and investors. Additionally, Turbhe enjoys seamless connectivity making it accessible for businesses and commuters.
Turbhe, located on the outskirts of Mumbai is a cost-effective alternative for small and medium-sized businesses. They can benefit from modern infrastructure, ample space, and convenient access while managing the functional costs. This affordability factor has been a driving force in attracting businesses to set up their offices in Turbhe.
According to recent data, out of the total stock of 2,901,599 sf of office spaces, 833,161 sf was leased in the last 12 months.
What Makes Turbhe a Thriving Commercial Hub?
The demand for commercial property in Turbhe has increased because of its strategic location and relatively affordable real estate prices. Let’s take a closer look at these factors and how they have influenced Turbhe’s development as a commercial center.
Excellent Location and Connectivity
Turbhe benefits from its strategic location and excellent connectivity to key areas such as Thane, the Eastern Suburbs, South Mumbai, and Pune. Major transportation arteries like the Mumbai-Pune Expressway, as well as the Harbour Rail Line and Thane Vashi Rail Line, facilitate this connectivity, enabling efficient travel across the region.
Additionally, the city boasts a robust transportation system, with services provided by NMMT and BEST, catering to the needs of bus commuters. With such comprehensive connectivity options, Turbhe serves as a pivotal hub for commuters and businesses alike, fostering accessibility and facilitating economic activity across the wider metropolitan area.
Infrastructure and Development
Turbhe has undergone significant infrastructure and development initiatives, positioning it as a thriving commercial and industrial center. Over the years, the area has seen extensive road and transportation network improvements, enhancing connectivity within the region and beyond. The presence of industrial and IT parks underscores its role as a hub for various sectors, attracting businesses and fostering economic growth.
Additionally, the development of modern amenities, including commercial spaces, residential complexes, and educational institutions, has transformed Turbhe into a well-rounded urban area. These infrastructural advancements, coupled with government support and investment, have propelled Turbhe’s evolution into a dynamic and sustainable locale for business, living, and recreation.
This progress has also spurred the inventory of contemporary office spaces for sale in Turbhe, meeting the growing demand of businesses seeking prime locations with modern facilities for their operations. Let us look at the most expensive buildings in Turbhe.
| Buildings | Average Rental (Chargeable) INR/sf |
| S K Elite Business Park | 94 |
| Shree Sawan Knowledge Park | 75 |
| Rupa Renaissance | 71 |
| Arihant Aura | 57 |
High Rental Yields
Turbhe’s strategic location near Mumbai and excellent connectivity via major transportation routes make it attractive to businesses, driving up demand for office space. The relatively lower real estate prices compared to Mumbai enable landlords to offer competitive rental rates while still yielding profitable returns.
Additionally, Turbhe’s status as a burgeoning commercial hub, coupled with its modern infrastructure and amenities, enhances the perceived value of office spaces, further incentivizing tenants and investors. These combined factors contribute to the high rental yields observed in Turbhe’s office property market.
In a recent transaction, Birlasoft leased 55,600 sf of office space in Rupa Renaissance at Rs. 54 psf. Let us look at the top tenants renting office spaces in Turbhe.
| Tenants | Average Rental (Chargeable) INR/sf |
| ICICI | 89 |
| Birla Soft | 54 |
| Infinix Services | 51 |
| HDFC | 43 |
| Microchem Silliker | 31 |
Recommended Commercial Properties in Turbhe
Turbhe’s strategic location, excellent connectivity, and relatively affordable real estate prices have positioned it as a prime destination for businesses seeking office spaces. With high rental yields driven by strong demand and modern infrastructure, Turbhe continues to thrive as a dynamic commercial hub. Some of the top commercial properties in Turbhe that offer office spaces are Aventura Tower, Deekay Tech Park, Everest Nivara Infotech Park, Shree Sawan Knowledge Park, and Arihant Aura.
In the next two years, Turbhe will witness the addition of 370,000 square feet of office space, followed by an additional 1,336,819 square feet in the subsequent year.
FloorTap connects you with commercial real estate stakeholders for effective decision-making, regardless of your role as a broker, tenant, or landlord.
