Ernst & Young Leases 115,000 sq ft Office Space in Noida

Global consultancy firm Ernst and Young (EY) has leased 115,000 sq ft office space at Noida’s Advant Navis Business Park. The office space is part of the company’s expansion plan. According to experts, Noida has emerged as th

BY Realty Plus
Published - Tuesday, 01 Jun, 2021

Ernst & Young Leases 115,000 sq ft Office Space in Noida

Global consultancy firm Ernst and Young (EY) has leased 115,000 sq ft office space at Noida’s Advant Navis Business Park. The office space is part of the company’s expansion plan. According to experts, Noida has emerged as the preferred destination for companies looking to relocate or expand with rental less than a US dollar per square feet. In NCR, Noida contributed 55% of net absorption, backed by strong pre-commitment in the new completions of office space real estate projects followed by Gurugram with 38%. Office space take-up in Delhi NCR kept pace with the leasing momentum during the last quarter with Q1 2021 recording gross leasing of 2.05 million sf, according to Cushman & Wakefield report. It said, Delhi NCR sees improvement in office leasing activity despite the evolving Covid situation. “Noida has emerged as a preferred destination for global companies due to better infrastructure and lower rentals. The announcement of some big projects such as airport and Film City has also fuelled the demand..