“Being one of the prime and expensive commercial hub of Mumbai, Bandra Kurla Complex (Famously Known with its short name ‘BKC’) is one of the best place if you are looking out for giant office location in competitive yet lesser rental rates compared to South Mumbai’s Nariman Point, another older commercial hub. Lets understand more about BKC..”Where is BKC located ?
Well connected to famous western suburban station of Mumbai called Bandra, along the side of Mahim Creek (Famous Mithi River) and also connected to Kurla in Central Suburb, BKC is just 5 to 10 minutes distance from Bandra station at about 3 to 4 kilometers. Below Map by Google will have you understand it better.
Bandra Kurla Complex, Started commending Mumbai commercial properties in 2009. The demand of larger offices by financial institutes, banks and stock exchanges like NSE broke the barrier and limitation that was at Nariman Point and Ballard Estate before it. The Growing rentals at the ruling corporates and office location of Nariman point which is about up to Rs.500 Per Square Feet with lesser amenities and other hurdles of renting it from multiple owners got a valuable alternative which have majorly shifted to other western suburbs and majorly at BKC. As of now this commercial hub at Mumbai suburb gives a second largest share on large commercial Rentals which is 30% for about 7 million Sq Ft of total commercial rented space in city.
Another specialty being the connectivity and comfort which major commercial giants look for their employees who travel everyday from far suburbs and central suburbs. Since BKC is well connected to both Western and Central Suburbs with commuting options like Local Trains, Buses (BEST and AC Busses), Autos with Western Express Highway very near, Its an ideal location for major corporates. MMRDA played major role in development and progress of this location and so the Huge MMRDA ground inside this commercial complex which is very famous of hosting large exhibitions, events, Hollywood and Bollywood live concerts and more. Another news of BKC which was famous was the cycling track which is already a failure project.Companies and Offices at BKC
Before 2009, when BKC developed their was a huge investment by reality companies here, Yet the place was not accepted and barely few corporates have taken interest here. Then came the Maharashtra Rent Control Act in year 2000, which gave a superb boost because of attractive rentals as detailed in above section. And with that came some of the Big commercial giants around India and Major Head Offices of Mumbai city are located here in BKC. Among other small financial institutes, banks and other government and IT organizations who have their presence here, Below is the list of those giants who are known landmarks inside Bandra Kurla Complex :
NSE (National Stock Exchange), NABARD, IL&FS, AXIS Bank, Dena Bank, Citigroup, JPMorgan Chase, Bank of India, Canara Bank, Sofitel, MTNL Telephone Exchange, IDBI Bank, TPG, ING Vysya Bank, Equinox Realty, MMRDA, Punjab National Bank, The Capital, New Zealand Trade and Enterprise, Bharat Diamond Bourse (India’s Biggest and Asias Second Largest Diamond Bourse), Reliance, SEBI, ICICI Bank, Standard Chartered Bank, State Bank of India, Bain & Company, Bank of Baroda, SIDBI, Trident Hotel, Mumbai Cricket Association, Dhirubhai Ambani International School, American School of Bombay, Nishith Desai Associates, Essar Group, Asian Heart Institute, BNP Paribas, Michael Page International, New Zealand Consulate GeneralProperty Rates and Rentals
Were as the the approximate rentals will be anywhere between Rs.275 to Rs.300 Per Sq Ft. An extra note for those looking out cheaper rentals is that in Eastern Suburb location like Thane the rentals are still lower and is at peak sharing 35% of market share on rentals, the rentals are as cheap as Rs.50 to Rs. 80 Per Square feet, This is already welcoming small to medium commercial companies, offices and professionals like CA, Lawyers etc and is expected to further boom as being little far from where BKC is right now, these suburbs have no limitation when it comes to transportation, communication and travel, Giving equal facilities, larger place in lesser rentals.How to Reach BKC
By Train : Nearest Station Being bandra in western railway route and same also being a terminus, People coming from long distance can get down directly here or at Dadar station which is not very far.
By Road : Western Express Highway (Mumbai Ahmedabad Highway) is what to keep note of. Upon reaching Bandra take LEFT and soon you will see the Huge board of Bandra Kurla Complex entrance as shown in above picture.
From Airport : Distance from Mumbai International Airport to Bandra is 11.5 km which will hardly take 15 minutes in private cab.