Tardeo is a prominent residential and commercial neighborhood in South Mumbai. The locality blends rich history with modern developments. Tardeo Road, one of the significant arterial roads is known as Pandit Madan Mohan Malviya Road from Tardeo Circle to Haji Ali and Javji Dadaji Road from Nana Chowk to Tardeo Circle. Additionally, Tardeo is home to some of Mumbai’s most significant business buildings.
Remodeled from an old Roche pharmaceutical plant, Mumbai saw the opening of its first full-fledged shopping center, in Tardeo known as Crossroads, in 1999. The mall was an immediate success and drew large crowds from all around the city. The neighborhood has witnessed a surge in business activity, with a mix of established companies and new enterprises. It is now one of the sought-after destinations for office spaces.
What Makes Tardeo a Thriving Commercial Hub?
Located in the heart of Mumbai Tardeo is a symbol of elegance and refinement. It is known for its upscale residences, green surroundings, and easy access to the rest of the city. Premium health facilities, educational facilities, retail complexes, and entertainment venues make it a sought-after location in Mumbai. Let’s take a look at the factors that helped Tardeo develop into a major commercial hub.
Excellent Location and Connectivity
Tardeo is strategically located and provides easy accessibility to major hubs in the city of Mumbai. Located close to iconic Mahalaxmi, Haji Ali, and Mumbai Central, Tardeo enjoys easy access to the major business districts of Nariman Point and Lower Parel quite accessible.
Additionally, the locality has excellent road and rail access, with the Mumbai Central Railway Station and the Western Express Highway both being close by. A proposed metro line will further increase the connectivity, making Tardeo much easier for commuters to move around. Also, Tardeo offers easy accessibility to Chhatrapati Shivaji Maharaj International Airport 23 km away.
Infrastructure and Development
Tardeo’s rise to prominence as a business hub is largely due to the continuously developing infrastructure. In essence, the place has a wide variety of modern office complexes and historical sites like the Tardeo Temple and the Haji Ali Dargah. The most recent projects in Tardeo offer the best office spaces with all the required amenities for contemporary businesses.
Apart from that, the locality of Tardeo still offers other advantages, including upscale hotels, fine dining restaurants, and shops selling high-quality products. These amenities fuel economic growth and the well-being of the community.
High Rental Yields
Tardeo’s commercial properties offer excellent rental yields. It is situated near numerous other business centers in addition to its historical significance and geographic location. Therefore, the demand for retail and office space in Tardeo stands at an all-time high.
A number of five-star hotels, upscale dining establishments, and retail malls contribute to its appeal. Tardeo is one of the priciest areas to invest in commercial real estate with high rental returns due to its high foot traffic, tourist attractions, and premium real estate.
The growth of Tardeo as a commercial hub can be attributed to its strategic location, good connectivity, and robust infrastructure. Furthermore, the commercial real estate market in Tardeo exemplifies the essence of premium office spaces in this prestigious area. These offer cutting-edge design, top-tier amenities, and competitive pricing. For businesses seeking a strategic address in the heart of Mumbai, Tardeo presents an unparalleled opportunity to establish a presence in one of the city’s most sought-after commercial hubs.
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