Several multinationals and information technology companies having set up their offices here, the city now caters to young professionals with high disposable incomes and a penchant for up market lifestyles. The facilities that the city offers are growing exponentially – shopping complexes, modern infrastructure, entertainment facilities. Mumbai thus has the advantages of a geographical location, a cultural background, good infrastructure and a reputation as a safe city that offers huge investment opportunities. All these factors attract developers and buyers, encouraging them to invest in this city.
The state-of the-art facilities on offer and the easy access to educated manpower give the city an edge over others, luring both companies on the expansion mode and start-ups. Due to the road connectivity, affordable land prices in the outskirts, favorable weather, manpower and various other factors prove Mumbai to be a smart and perfect option for business to settle down.
Mumbai is financial hub and richest city of the country and will be till a long future. It handles 70% of India’s international business and has headquarters of most of the nationalized banks of the country. Mumbai as a city has already achieved a lot of success in terms of economic output. By the time when IT revolution began in India in late 1990s, city’s infrastructure was already over-saturated. Land area was congested, entire city was overpopulated and Real Estate Market became expensive.
Capgemini has one the biggest campus in India at Airoli, whereas Accenture also has big software development centers here. Due to this unprecedented development in IT sector, Real Estate sector is also on a high here. Real estate prices have skyrocketed in Airoli and adjoining areas. Navi Mumbai itself has big industrial areas, which has overall helped in the growth of the satellite town.
So you can categorize Mumbai IT Hub in 3 sizes – Large size, Mid size and Small size as follows:
| Large size | Mid size | Small size |
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Predominantly located across Mumbai till Dahisar/Thane and Navi Mumbai till Belapur except Eastern suburbs. |
There are a couple of IT Parks in Mumbai which are well known all over India. Some of those include –
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- Technopolis Knowledge Park
- Ivory Towers
- Fourth Dimension Park
- Magnus Tower
- Infinity Tower
- Spectrum Tower
- Akruti ICE Station & Softech Park
- Palm Spring
- Raheja Plaza
The tech companies which have their offices in these IT parks are – Capgemini, Atos, L&T Infotech, Accenture, Tech Mahindra, Cognizant, Accenture, Vodafone, Wipro …. and many more.
Even the well settled companies who have their offices in Mumbai for couple of years have started expanding their offices in and around Mumbai. As Mumbai being the educational hub, a lot of students come to Mumbai to pursue various educational courses and these companies recruit these students at the end of their academic year which works for both the students and these companies in order to reduce the steps in recruiting new employees.