Mumbai has some of India's most costly retail real estate, even more expensive than Bangalore and New Delhi. So, how much is rent in a mall in Mumbai? In many malls, the floor position of the store has a big impact on rent. Mostly leased to well-known regional and national retailers, the ground level, which receives the most foot traffic, charges premium rates. The first story is usually 20 to 25% less expensive than the ground floor, and the second floor is about 30% less expensive than the first.
What is the Rent of a Shop in Mumbai Mall?
The average monthly rent is about Rs. 170 per square foot (+/- 10%).
Depending on the mall's location, size, and repute, rents can range from Rs. 1.3 Lakhs to Rs. 6 Lakhs or more.
Premium malls like Phoenix Palladium and other high-traffic malls charge a lot more.
Tenants are additionally responsible for utilities and Common Area Maintenance (CAM).
I hope this helps!
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How Much is Rent in a Mall in Mumbai?
Ira56
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2025-09-26T08:55:15+00:00 2025-09-26T08:55:17+00:00Comment
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