India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

A new CRE Matrix report highlights Navi Mumbai’s rapid transformation into a major commercial hub driven by infrastructure expansion, green office stock, and rising data centre capacity. Strong talent availability, cost advantages, and residential growth are attracting enterprise occupiers and global capability centres, positioning the city as a core office destination within the MMR.
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According to the IIM-B and CRE Matrix “Commercial Property Rental Index” report, Delhi recorded a sharp 16.4% rise in premium office rents. In comparison, Mumbai maintained its market strength with 3.6% quarterly growth. Gurugram, Navi Mumbai, and Chennai’s northern suburbs also saw strong gains, signalling expanding demand beyond traditional business districts.
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