Noida, an acronym of New Okhla Industrial Development Authority), is, undoubtedly, one of the most developed commercial hubs of India. In fact, the growing number of offices and mall complexes has given a facelift to residential space in Noida as well. Till some time back, Noida, due to its association with east Delhi was not considered as developed as its counterparts like Gurgaon.
Planning to expand your business the commercial space is looking up. The good news is that the commercial segment in real estate is upbeat and demand for commercial office space on sale in Noida is picking up. The process of stabilization has now begun over the last few weeks. Company which were hesitant earlier and now looking up to expand to viable location. According to a study by a reliable source, absorption between 4-5 million square feet of commercial space was witnessed in the first quarter of 2009, which was higher than fourth quarter of 2008 India emerging as the IT capital of the world with Noida as its main operational centre has led to the rise in demand for commercial property for rental office space in Noida. With the coming of newer IT complexes, malls and multiplexes, Noida is witnessing unprecedented growth in the commercial arena. There are many companies which at first used to operate in the metropolitan regions but are now
spreading more in the periphery region. Due to its proximity to the National Capital, Noida attracts many corporate to invest in its commercial space. Presence of a multitude of IT companies in Noida adds to the value of commercial spaces here. Major office spaces in Noida are situated around Sector 18, the most happening location in the city. These commercial spaces on rent are given out to prospective investors and are occupied by several corporate and IT companies. Demand for commercial office space for sale in noida is skyrocketing and this is however the best time to make handsome investments. Industry connoisseurs see a phenomenal growth in the near future. With better infrastructure and world class facilities, commercial properties in Noida are the most sought-after.
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