Mumbai Report - ICICI Home Finance

Tata Group, Reliance, etc.). Many foreign banks and financial institutions also have branches in this area.
The property prices as well as the increase in rental values in Mumbai owe much of its credit to large scale
investments in the commercial sector. Mumbai has always been the hot favourite for most of the corporate
houses to have their headquarters. And with increasing investments by MNCs in the finance, media and the
BPO sectors, there has been a growing demand for office as well as residential space.
Administrative Framework
Mumbai consists of two distinct regions - the city (South Mumbai) and the suburbs. The city is usually referred
to as the Island City while the suburbs could be divided into the central and the western suburbs.
This region is administered by the Brihanmumbai Municipal Corporation (BMC), formerly known as the
Bombay Municipal Corporation.
Navi Mumbai (stretching from Airoli to Uran) and Thane city, which have been covered as separate retail
districts in this report, are otherwise a part of the Thane district.
Pockets beyond CBD Belapur are a part of the Raigad district and fall under the Panvel Municipal Council.
The remaining parts of Navi Mumbai are under the jurisdiction of the NMMC (Navi Mumbai Municipal
Corporation).
Thane city is under the administration of the Thane Municipal Corporation.
Mumbai: Transport
Most of Mumbai's inhabitants rely on the following public transport to travel to and from their workplace:
– The Mumbai Suburban Railway
– State-run BEST buses
– Taxis, autorickshaws
The city is headquarter to two railway zones: the Central Railway (CR) headquartered at Chatrapati Shivaji
Terminus (CST), and the Western Railway (WR) headquartered near Churchgate.