India, Aug. 28 -- Navi Mumbai is establishing itself as a major office destination within the Mumbai Metropolitan Region (MMR) with 23.8 million sq ft of Grade A office stock, accounting for about 20% of MMR's total supply of 120 million sq ft, according to a Cushman & Wakefield's report.

The report notes that Navi Mumbai has an occupancy rate of 87% supported by cost advantages, talent availability, and infrastructure upgrades. An additional 4 million sq. ft. of new office space is projected by FY2028, underscoring steady developer interest and strong demand from occupiers.

"The region benefits from proximity to educational institutions, providing access to a talent pool of nearly 150,000 graduates annually. The presence of modern infr...