If planning to increase your business – the commercial space is looking up. The commercial section in real estate is buoyant and demand for commercial office space on rent or on sale is picking up. The process of maintenance has now begun over the last few weeks. Company which were tentative earlier and now looking up to develop to viable location.
Noida, a contraction of New Okhla Industrial Development Authority, is, undoubtedly, one of the most advanced commercial hubs of India say experts at property.sulekha.com. In fact, the growing number of mall complexes and offices has given a rehab to residential space in Noida as well. The Noida commercial property development is specially spread over the sectors 10 to 16, 1 to 6, 16A (film city), 18, 51, 51 and 57 to 62. Many modern commercial avenues are too built in the sectors like the 21, 28, 29 and 37.
Noida Office Space
There are so many commercial office spaces in Noida. The Indian as well as the MNCs discover Noida to be one of the most chosen locations. In fact, the major strength of the economy of Noida is formed by the IT & ITES.
Most of the IT companies are situated in the sectors 29, 57, 58, 59 & 60. Also, a large part in and around sector 18 consists of huge office centers. Due to upsurge in IT spaces in Noida, the city has stretched to about 0.78 Million sq. ft against the regular demand of 0. 52 Million sq. ft. Besides IT, Noida is rapidly becoming a common address for renowned BPOs.
Presence of a mass of IT companies in Noida adds to the value of the commercial office spaces in Noida. Major office spaces in Noida are located around Sector 18, the trendiest location in the city. These commercial spaces on rent are given out to approaching investors and are occupied by many corporate and IT companies.
Demand for commercial office spaces in Noida property in Noida is rise steeply and this is however the best time to make attractive investments. Industry authorities see a phenomenal growth in the near future. With better organization and commercial properties, world class facilities in Noida are the most sought-after.
In short, it has a lot to provide to its residents and also to those who are looking for purchasing or leasing commercial property in Noida. To purchase commercial property in Noida, you are recommended to do good study on the prevalent prices and facilities of the Noida commercial sector.