Commercial Real Estate on Fire: Delhi NCR Is Seeing Amazing Growth

 

The Delhi NCR region is experiencing a surge in commercial real estate growth, with the market witnessing a remarkable turnaround in Q1 2024. According to a recent press release by Colliers, the region saw a significant increase in office leasing, with a total absorption of 2.5 million square feet, a 14% increase quarter-on-quarter (Colliers, 2024).

Are you a smart investor? Have you been looking for the right location to invest in real estate? Look no further! According to a recent report by Colliers, commercial real estate in Delhi NCR is seeing a massive growth. When it comes to grade A absorption of office spaces, country has seen a massive 35% increase compared to 2023’s last quarter. Businesses are returning to offices in increasing numbers after the passing of pandemic. As per Collier’s report, Delhi NCR accounted for a massive 2.5 million sq ft of grade A office space being taken up, a 14% increase over the last year. This is excluding any existing lease renewals or pre-commitments.

In other report by JLL, it is found that in terms of net absorption of office spaces Delhi NCR remained at the top with 26.2% of office absorption among tier 1 cities, followed by Bengaluru, Hyderabad and Mumbai.

When looking deeply into the subregions of NCR, Noida accounts for 40% of the total office absorption according to JLL. The trend is expected to continue, with major development hubs like Noida-Greater Noida Expressway standing out among the rest of the region. This incredible growth is a testament to the region's potential and attractiveness to businesses.

"During Q1, occupiers from Technology, Engineering & Manufacturing, and BFSI sectors collectively accounted for 58% of total leasing activity across the top 6 cities." said Vimal Nadar, Senior Director and Head of Research, Colliers, India. (Colliers, 2024)

According to the CBRE’s 2024 India Office Occupier Survey, over 90% organizations preferred at least 3 days in the office.

Over 80% of Technology and BFSI firms surveyed indicated an “office-first” approach (CBRE 2024). The implications of this are that investors are feeling safe and secure while investing in real estate for commercial uses around Noida. The IT/ITeS sector's dominance is a clear indication of the region's emergence as a hub for technology and innovation, while the BFSI sector's growth showcases the region's strength in financial services.

Noida’s strategic location, talented workforce, and business-friendly environment make it an attractive destination for investors and entrepreneurs alike. The government's initiatives to promote entrepreneurship and innovation, such as the Startup-India program, have also contributed to the region's growth. 

So why wait? Now is the perfect time to tap into the opportunities available in this vibrant region. Whether you're a seasoned investor looking to diversify your portfolio or an entrepreneur seeking to take your business to the next level, Noida is the place to be! With its prime location, modern amenities, and business-friendly environment, Noida is poised to become one of India's leading commercial hubs. Don't miss out on this opportunity to be a part of Noida's success story. 

Invest or set up your business in Noida today and watch it thrive! Our top four hottest picks for commercial investment in Noida are: