This growth of Noida in the commercial sector has been pushed by the coming of. Some companies with their bases in metropolitan cities are looking for expansion in the nearby areas. In this regard, Noida’s proximity to New Delhi has been of great help in boosting its investment options. In fact, it is the presence of these IT companies that increases the value of commercial spaces in this region. The immense demand for commercial property makes this the perfect time for investments in office spaces in Noida. Experts say that there will be an even bigger growth in the near future. Offering some of the countries best infrastructure and facilities, Noida is undoubtedly in such a high demand among those looking for office spaces.
If you are planning to expand your business, give real estate and more specifically, the commercial segment a thought. There has been a considerable rise in the demand for commercial spaces on rent or for sale. A lot of companies are looking for office spaces to expand their business. Of course, the location is of prime importance here. This is where Noida comes into the picture. New Okhla Industrial Development Authority or Noida is being considered as a location by many companies for their new office space. It has developed into a successful commercial hub. As India is occupying an important place in the IT sector of the world, Noida is steadily developing to become its main operational centre. Thus, there has been an obvious rise in demand for commercial property on rent or sale for office spaces in Noida.
The best thing about Noida is the efficient planning with which it has been built. 20% of the total available space is used for commercial purposes apart from the industrial usage. This attracts not only Indians, but also multi-national companies. As stated before, IT forms the backbone of Noida’s economy. The commercial office space in Noida is spread across different sectors. Sectors 29, 57, 58, 59 & 60 are home to most IT companies. Sector 18 is also has many offices.
According to research reports, the capital rates and rental value for different buildings in Noida are as follows:
Grade A building or premium commercial properties from Rs. 8,000 to 17,000 per sq ft. The rental value lies between from Rs. 80 to 150 per sq ft
Grade B buildings, which basically include all local offices from 8,000 to 15,000 per sq ft. The rental value is 80 to 120 per sq ft.
There are of course differences in prices with changes in location, floor and availability. The expressways and flyways and also the metro has led to better connectivity between Noida, Greater Noida, Delhi, Gurgaon, Agra and other places. This has made it a very viable option for people looking for residential as well as business and commercial spaces. As property prices are expected to go up, investing in Noida properties now will reap you high profits later. commercial office space in noida
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