Mumbai is the business & financial capital of India. All the major financial institutions, banks and stock exchanges are based in Mumbai. The head quarters or administrative offices of major business houses operate out of Mumbai.

The earlier business district of Ballard Estate have given way to Nariman Point in South Mumbai and more recently to the new business districts, which have come up in Bandra Kurla complex and the Lower Parel areas, which are being built on redeveloped textile mills' land.

Newer business complexes are coming up in Andheri and other districts in the northern part of the city. These units mostly house the IT and knowledge based industries e.g. BPOs. Gradually the smokestack industry is being driven out of Mumbai, mainly due to economic unviability.

The commercial haven of India boasts of reputed IT, Software, shipping and all genres of companies such as Reliance, Max India, Tata, Godrej to name a few.

Mumbai retail sector and rental values
The retail sector in Mumbai gains momentum with top investors and brands from around the globe making their foray into the city. Organized retail outlets like the malls have become an integral part of the real estate development and the mall revolution has taken a turn towards the western and central suburbs of Mumbai rather than the posh ‘Island city’ of southern Mumbai because of the availability of industrial land at reasonable prices. Recent trend shows retailers shifting from investing in high street markets to the retail markets.

This is because in addition to providing hype to their brand name, the retail outlets also play an important part in luring customers with their ambience, food courts and car perking facilities.Although yield in retail property have been around 10-12%, the capital and rental values have been quite stable over the last couple of months in traditional high streets and the retail market in the suburbs of Mumbai.

The rental values in the emerging retail areas like Juhu, Vashi (Navi Mumbai), Kemps corner and Lokhandwala amongst a few which are becoming the thriving areas for the specialty ‘customized’ malls are showing a growth which may be significant in month to come.