New Delhi, May 24 -- The Mumbai Metropolitan Region (MMR) has emerged as the most expensive commercial real estate market across India. The average rental in the region rose nearly 28 per cent from Rs.131 per sq ft in 2022 to Rs.168 per sq ft in 2025, according to data analysed by property consulting firm Anarock.

The primary market in MMR, including Bandra-Kurla Complex (BKC), Lower Parel, and Andheri East, continues to remain the most preferred areas by sectors such as finance, IT/ITeS, and startups.

This significant increase in rental value is due to the post-pandemic rebound and soaring demand for premium office spaces in major cities such as MMR, Delhi NCR, Hyderabad and Bengaluru, the report stated.

Hyderabad witnessed the second...