Navi Mumbai’s office rent 21% less than average of tier-I cities, driving demand from GCCs: CRE Matrix by ET Markets | March 9, 2026 6:09 pm | Indian Stocks, Market, News Navi Mumbai’s office market commands 21 per cent lower rent than the average rentals of major cities, helping the region to attract foreign companies to set up their base and also establish global capability centres (GCCs), according to CRE Matrix.