GROWING DEMAND OF INDUSTRIAL PLOTS IN MUMBAI

Mumbai, a city of dreams, comprises several towering skyscrapers and bustling streets conveying the story of growth. Giving a boost to this scenario, the city is now witnessing a bloom in the industrial sector with a surge in demands for industrial plots by top enterprises. Looking at the concluding statistics of the previous year i.e 2023, we could see over 9.5 million square feet being transformed in Mumbai at a staggering 35% CAGR that began from the year 2017.

This growth particularly in warehouse deals has not only surpassed other major cities such as NCR and Bangalore but also shown that Mumbai's industrial sector is primed for rapid expansion.

Wondering what are the several reasons contributing to the rising demand for industrial plots? We have an in-depth answer for you! It’s Mumbai – its strategic position, connectivity, and infrastructure are all the factors that lead to the elevation in demand for industrial plots. Let’s discuss it briefly.

Mumbai has always been at the forefront when it comes to encouraging corporate growth. For over a decade, companies have benefited from the city's advantages. Listed below are the perks that investors feed upon and experience a successful investment in the city.

With companies having global ambitions, Mumbai has been a huge boon to their operational tasks, whether it is executing import-export efficiently or offering improved logistics. The city is located on India's west coast and is a gateway to local and international markets. Also, major ports and airports in closer proximity are another significant factor to be observed.

Mumbai is one of the top cities in India to have solid infrastructure along with ongoing development. Whether enhanced transit, contemporary office spaces, or technological improvements, the city leaves no stone unturned to foster an atmosphere that supports organisations to endure a work-life balance and remain competitive effectively in the contemporary business market.

One of the core empowering factors of the city is its diversified and competent workforce across several industries. As it is a financial hub, several talents travel from all across the country, which helps a firm gather an array of experienced portfolios when scouting, seeking innovation and adaptability in certain environments.

Apart from standing tall as a financial powerhouse, Mumbai is home to diverse sectors, including banking, entertainment, information technology, healthcare, and manufacturing. This forges pathways for potential investors/organizations to work across industries or set up new business endeavours.

The bonus for the city is undoubtedly its rock-solid backing by the Govt. of Maharashtra. The state body has established several supporting measures to encourage industrial growth in Mumbai, endorsing capital appreciation. The policies include tax rebates, subsidies, and land allocations.

Finding suitable industrial plots can be critical and come along with several challenges as follows:

• Sustainable industrial site alternatives are limited since many industrial developers prioritise industrial expansion and revenue above green features such as solar panels and EV infrastructure.
• Well-connected industrial plots for sale are generally expensive, making them inaccessible to smaller firms.
• The complex process of buying and developing industrial plots for sale requires multiple clearances and permits, which is time-consuming and costly.
• Locating secure areas with a reputable developer for industrial land for sale, especially crucial for businesses handling delicate commodities, may be difficult.
• Industrial land for sale with world-class infrastructure and Grade-A characteristics is in great demand, causing prices to rise, and is available in a limited number of industrial and logistics parks.

• Commence your search early and be patient, as finding the desirable industrial plots in a prime location may require some time.
• Collaborate with a reputable industrial real estate agent to help choose plots that align with your requirements and financial considerations.
• Prioritise checking for compliance and clear land titles to avoid future issues.
• Investigate the potential of working with an industrial developer who specialises in sustainable plots.
• Be prepared to pay for industrial plots that completely meet your specified requirements, since not every warehouse supplier can give all of these industrial real estate advantages when it comes to industrial property for sale.

Maha Industry is the ideal location for enterprises finding world-class industrial plots for sale in Mumbai, Pune, or anywhere else in the state. By providing cutting-edge infrastructure and management support to sectors such as Third-Party Logistics (3PL), Retail, Manufacturing, Steel and Heavy Engineering, Food Companies, and Cold Storage, Maha Industry has established itself as a leader in the segment. Listed below are the advantages of MIDC industrial property for sale by Maha Industry:

Maha Industry offers top-tier industrial zones in MIDC jurisdictions. These zones include a variety of modern amenities, including enough parking, cutting-edge fire protection systems, a reliable power infrastructure with 100% backup, and a business facilitation office for efficient operations.

• Maha Industry's emphasis on green initiatives and self-sufficiency helps firms reduce their environmental impact, achieve sustainability goals, save costs, and strengthen resilience. Solar panels, environmentally friendly land clearing, natural landscaping, rainwater harvesting, and energy-efficient lighting are all examples of notable green activities. These measures combine to reduce environmental impact and add to significant cost savings for businesses on energy costs.
• Maha Industry offers top-notch services, including clean land titles, full compliance with government clearances, and cost-effective solutions.

In Mumbai's vibrant industrial scene, demand for plots is increasing, demonstrating the city's growth potential. Despite the hurdles, acquiring sustainable, well-connected spaces with Grade-A features is viewed as a key advantage. Maha Industry stands as a symbol of innovation and efficiency in India's swiftly expanding logistics and warehousing sector. As Mumbai's growth narrative unfolds, Maha Industry emerges as a viable destination for diverse industries.