Title: Mumbai - The Business Capital of India
1Mumbai The Business Capital of India
2Introduction
After India introduced liberalization in 1991,
the country started dropping its 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
3BKC-Kalina
- Bandra Kurla Complex (BKC) was built on marshy
land on the northern side of Mahim Creek to
decongest South Mumbais 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, ILFS,
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 LT.
4Vikhroli
- 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.
5Powai
- Another northeastern suburb of Mumbai, Powai has
grown drastically in recent years, to become one
of the citys most upmarket commercial and
residential hubs - A crucial reason for its 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.
6Western 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.
7Lower 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 Mumbais 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.