Noida, Greater Noida Emerging Commercial Hotspots

As per Anarock research, the average monthly rentals for Grade-A offices in Noida is between Rs 50-80 per sq ft, while in Gurgaon, it is in the range of Rs 85-125 per sq ft in prime areas. A flourishing base for IT-ITeS and el

BY Realty Plus
Published - Tuesday, 29 Dec, 2020

Noida, Greater Noida Emerging Commercial Hotspots

As per Anarock research, the average monthly rentals for Grade-A offices in Noida is between Rs 50-80 per sq ft, while in Gurgaon, it is in the range of Rs 85-125 per sq ft in prime areas. A flourishing base for IT-ITeS and electronics manufacturing companies coupled with easy and affordable connectivity with Delhi, state-of-the-art services at competitive rates and an expanding residential base has given major impetus to Noida and Greater Noida as the next commercial real estate (CRE) destinations in Delhi NCR. As per Anarock research, the average monthly rentals for Grade-A offices in Noida is between Rs 50-80 per sq ft, while in Gurgaon, it is in the range of Rs 85-125 per sq ft in prime areas. Developers and analysts are of the view that Covid has further accelerated the demand for CRE in Noida and Greater Noida as corporates cut expenses without compromising on quality. The upcoming international airport and the proposed film city has also added to their rise as commercial hubs giving serious competition to Gurugram, which has ruled this space for over a decade. The improvement in metro connectivity is accelerating the supply and demand of CRE equally while the workforce finds the most affordable and high-quality living in this micro market of NCR.