GARYANDLANA

Planning to expand your business – commercial space is looking up. The good news is that the commercial segment in real estate, is optimistic and the demand for commercial office space for rent or for sale is now recovering. The stabilization process has now begun in recent weeks. Companies that previously was hesitant and now looking to expand up to position profitable. According to a study conducted by a reliable source, the absorption between 4-5 million square feet of commercial space has been witnessed in the first quarter of 2009, which was higher than the fourth quarter of 2008.

Noida, an acronym for New Okhla Industrial Development Authority), is, without doubt, one of the most developed businesses in India. Indeed, the growing number of offices and complexes Mall has a new face to the residential space in Noida as well. Until some time ago, Noida, because of its association with the East Delhi was not considered as developed as its counterparts, such as Gurgaon.

India emerging as the capital of the world, Noida, as its main operations center has led to increased demand for commercial property for office space to rent in Noida.

With growth came recently IT complexes, shopping malls and multiplexes, Noida has witnessed unprecedented in the commercial sector. Many companies initially used to operate in urban areas but are spreading in the region of most suburbs. Due to its proximity to the national capital, Noida is attracting many companies to invest in their own commercial space.

Presence of a multitude of IT companies in Noida adds to the value of retail space here. Main office space in Noida sector 18 is located around the most happening place in town. These commercial spaces for rent are provided to potential investors and are occupied by various businesses and companies.

Demand for commercial property in Noida is sky high and this is still the best time to invest beautiful. Industry connoisseurs see a phenomenal growth in the near future. With better infrastructure and services worldwide, Noida land are the most sought after.

Noida, which is one of the few-planned industrial villages in Asia, is known for its buoyant trade. Besides the industrial use, there are as many as 20 percent of the total space available, which is used as a trade and development is enormous.

The best factor about the commercial office space in Noida is that it has spread across various sectors and not clustered in a particular area. Sector 1 to 6, 10, 16, 16A (Cinema City) 18, 51, 52 and 57-62 are the areas that boast of markets hip, larger-than-life centers and office space, while a lot of ways trade have also come in 21, 28, 29 and 37.

These areas are popular not only because of their commercial dynamism, but also because of their proximity to the national capital. In fact, these areas are also considered as posh areas of life.

According to one report, the rate of resale of property in Noida (both offices and retail outlets) ranges from Rs 2500 to 18,000 SQ. ft. and rental values range from 75 to Rest of Rs 300 per sq (prices may vary from sector to sector and according to market conditions).

Assessing the growing market demand, many buildings have been developed capable as the Tower Express.

(Sector-16A), Express Tower (in preparation), and Logix Park, which is under construction at Sector 16. A lot of developer’s award comes with promising residential and commercial properties throughout Noida.

Premium quality retail space in Noida depends largely on Center stage (Sector-18), shopping center Shopprex (Sector-61), Centerstage (sector 18) and in Spice-24. Now, a major project is being developed as corundum Building in Sector 62, which can provide accommodation to well 300-400 stores.

All premium commercial complex in Noida, as Ocean Complex, Ocean Plaza, Ocean Heights, Vishal Chamber, JOP Plaza, Ansal Fortune, and Krishna Apra Plaza, etc. are in Sector18, which is among the most happening of Noida. The first and second of these complexes are usually employed by banks, insurance companies, builders and real estate agents and offices of professionals such as lawyers and chartered accountants. However, prices are location-sensitive vary greatly. One area that boasts high-quality commercial space will certainly be a high price. Similarly, areas that do not have much to offer commercially come in low-end price.

As for a search, the rates of capital for Grade A building or commercial property in Noida premium varies from Rs. 8000 to 17,000 square feet for each rental value varies from Rs. 80-150 per m² (prices may vary different sector). Property values for buildings of Grade B as JOP place (Sec-18), Ansal Fortune Arcade, commercial plazas and all local offices, etc vary from 8,000 to 15,000 meters for the purchase and 80 to 120 per sq rent.

However variation, there is a substantial price in Noida Real Estate according to the plan, profile and position availability.

In short, has much to offer its inhabitants (due to the plethora of shopping centers offers NCR region) and to those who are looking to buy or lease commercial property in Noida. Furthermore, due to the improvement of infrastructure, connectivity through DND major migratory routes and the arrival of Metro, Noida has certainly become the most sought-after commercial gateway.

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