Posts tagged india office market
Gurgaon and Noida are key office locations in the Delhi NCR (National Capital Region) and are well differentiated real estate markets. Noida has considerably lesser stock, higher vacancy and lower rents as compared to those in Gurgaon. However, signs of convergence between the two markets are emerging.
Existing stock in Gurgaon is 33 million square feet, which is more than double that of Noida’s 13 million square feet. A relatively large development pipeline in Noida is set to increase its market size to more than 60% of Gurgaon in the next three years. This will help to bridge the gap between the two markets and provide strong impetus to developers and occupiers in Noida. More >