NCR Acts as a magnet for Office Market

National Capital Region has emerged as a hub of residential, commercial, retail and office markets. People are ready to invest and setup their business here due the ease of connectivity, better infrastructure and affordable residential options.

In the present scenario, Gurgaon and Noida are ruling the Real Estate market and is becoming the most sought after option for those who want to invest in office spaces as well.  We bring to you a close city wise study so that you can easily compare the scope of investing and setting up an office in the city of your choice.

PROSPECTS OF OFFICE MARKET IN DELHI

Delhi has always been the centre for business. The prime locations business activities of Delhi are located in Connaught Place, Barakhamba Road and KG Marg. The GDP of Delhi increased by 10.7% between 2007 and 2012. One cannot tell that which business sector rules the city; with such an old history and being the capital city of India the city is a home to various sectors like hotels, aviation, media, telecommunications, technology, banking and tourism.Though the city is completely packed, Saket and Jasola are emerging into new business centers.

PROSPECTS OF OFFICE MARKET IN GURGAON

Gurgaon enjoys the titles, ‘India’s Singapore’ and ‘Millennium city’ solely because of the rapid growth that the city has achieved in the past five years. One of the main attractions that Gurgaon has for the investors is that it is nearby to International Airport. Gurgaon contributes to nearly 40% of the national industrial growth. At present the office market in Gurgaon is concentrated in Sohna road, DLF Cyber City, Golf Course and Golf Course extension road. Besides IT, non-IT sectors like banking, consultancies, finance are also expected to increase in the current year.

Gurgaon is being struck by two major issues due to which people are ready to consider other options as well; one being the increasing congestion on the road leading to traffic jams and the other being high rentals for office spaces in the areas like DLF Cyber city. Still, according to the market analysis Gurgaon Real Estate stands strong chances.

PROSPECTS OF OFFICE MARKET IN NOIDA

Noida lies behind Gurgaon when it comes to Real estate industry. Noida offers 17 million Sq.Ft. of fresh office space by the end of the year 2014. Special Economic Zone status, its suburban atmosphere and its proximity to Delhi gives Noida an added advantage and attracts investors.

Noida has emerged as a hub of automobile industry, IT and not to forget the Film City. Right now, Noida-Greater Noida expressway is the most popular choice for investing in office spaces.

Property in Gurgaon