Commercial Property In Noida
Planning to develop your business - the commercial space is looking up. The good news is that the commercial section in real estate is upbeat and demand for commercial office space on sale or on rent is picking up. The process of stabilization has now begun over the last few month. The company which was hesitant earlier and now looking up to expand to viable location. According to a study by a unfailing source, absorption between 4-5 million square feet of commercial space was witnessed in the first quarter of 2009.
Noida, an acronym of New Okhla Industrial Development Authority), is, undoubtedly, one of the most industrial 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.
With the coming of newer IT complexes and multiplexes, Noida is witnessing unprecedented growth in the commercial arena. There are many companies which at first used to operate in the metropolitan region but are now spreading more in the periphery region.
The presence of a multitude of IT companies in Noida adds to the value of commercial spaces here. Major office spaces Noida are situated around Sector 18, Best location in the city.
Demand for commercial property in Noida is skyrocketing and this is, however, the best time to make handsome investments. Industry connoisseurs see a phenomenal augmentation in the near future.
Noida, which is one of the few planned industrial townships in Asia, is known for its commercial good spirits. Besides the industrial use, there is as much as 20 per cent of the total available space, which is used as commercial, and the development is overwhelming.
These sectors enjoy popularity not only because of their marketable buoyancy but also because of their close proximity to the National Capital.
According to a report, the resale price of property in Noida (both offices and retail outlets) range from Rs 2,500 to 18,000 Sq. ft and the rental values range from Rs 75 to Rest 300 per Sq ft (rates may vary from sector to sector and according to the marketplace situation).
All the premium commercial complexes in Noida such as Ocean Complex, Ocean Plaza, Ansal Fortune, Ocean Heights, JOP Plaza, Vishal Chamber and Krishna Apra Plaza etc. are located in Sector18, which is one of the most happening markets of Noida. The first and second floors of these complexes are usually occupied by banks, insurance companies, real estate builders and agents and offices of professionals such as lawyers and chartered accountants. However, prices being location-sensitive vary considerably. A sector that boasts of high-quality commercial space will definitely be high-priced. Similarly, those sectors which don't have much to offer commercially will come under the low price band.
As per a research, the capital rates for Grade A building or premium commercial property in Noida varies from Rs. 8,000 to 17,000 per sq ft. and rental value varies from Rs. 80 to 150 per sq ft.
However, there is considerable variation in prices in Noida real estate depending upon the floor, location profile and availability.
In short, it has a lot to offer to its residents and also to those who are looking for buying or leasing commercial Property in Noida. Also, because of the improved infrastructure, remarkable connectivity through DND Flyway, and the coming of Metro, Noida has definitely become the most sought-after commercial gateway.
So, invest in a property now in Noida to get the best returns later.
Noida, an acronym of New Okhla Industrial Development Authority), is, undoubtedly, one of the most industrial 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.
With the coming of newer IT complexes and multiplexes, Noida is witnessing unprecedented growth in the commercial arena. There are many companies which at first used to operate in the metropolitan region but are now spreading more in the periphery region.
The presence of a multitude of IT companies in Noida adds to the value of commercial spaces here. Major office spaces Noida are situated around Sector 18, Best location in the city.
Demand for commercial property in Noida is skyrocketing and this is, however, the best time to make handsome investments. Industry connoisseurs see a phenomenal augmentation in the near future.
Noida, which is one of the few planned industrial townships in Asia, is known for its commercial good spirits. Besides the industrial use, there is as much as 20 per cent of the total available space, which is used as commercial, and the development is overwhelming.
These sectors enjoy popularity not only because of their marketable buoyancy but also because of their close proximity to the National Capital.
According to a report, the resale price of property in Noida (both offices and retail outlets) range from Rs 2,500 to 18,000 Sq. ft and the rental values range from Rs 75 to Rest 300 per Sq ft (rates may vary from sector to sector and according to the marketplace situation).
All the premium commercial complexes in Noida such as Ocean Complex, Ocean Plaza, Ansal Fortune, Ocean Heights, JOP Plaza, Vishal Chamber and Krishna Apra Plaza etc. are located in Sector18, which is one of the most happening markets of Noida. The first and second floors of these complexes are usually occupied by banks, insurance companies, real estate builders and agents and offices of professionals such as lawyers and chartered accountants. However, prices being location-sensitive vary considerably. A sector that boasts of high-quality commercial space will definitely be high-priced. Similarly, those sectors which don't have much to offer commercially will come under the low price band.
As per a research, the capital rates for Grade A building or premium commercial property in Noida varies from Rs. 8,000 to 17,000 per sq ft. and rental value varies from Rs. 80 to 150 per sq ft.
However, there is considerable variation in prices in Noida real estate depending upon the floor, location profile and availability.
In short, it has a lot to offer to its residents and also to those who are looking for buying or leasing commercial Property in Noida. Also, because of the improved infrastructure, remarkable connectivity through DND Flyway, and the coming of Metro, Noida has definitely become the most sought-after commercial gateway.
So, invest in a property now in Noida to get the best returns later.