Gurugram most sought after office space in Delhi-NCR

Gurugram witnessed maximum office space leasing activity in Delhi-NCR (National Capital Region), one of the five urban hubs of India that accounted for 80% activity in this bracket. Within the district, Golf Course Extension Road and Cyber City witnessed nearly half of such transactions in the third quarter of 2018 across NCR, making it one of the most sought after office destinations in the country. The findings were a part of the report released by the CBRE, an international commercial real estate and investment consultant. The report stamped the dominance of Gurugram in the office space leasing bracket in NCR with Golf Course Extension Road and Cyber City accounting for the maximum absorption, apart from Noida Expressway. Sanjay Sharma, a Gurugram-based real estate consultant said availability of Grade-A buildings was the reason major corporates and tech companies favoured the city over others. “There has been improvement in infrastructure, particularly network of expressways, which is helping,” he said.