Noida is considered to be one of the best realty destinations in Northern India. The history of this very young planned city dates back to approximately the 1970s, and up to now, Noida has grown into one of the most highly-developed urban areas of the country, and, in such a way, drew a lot of companies. Currently, Noida and its twin city Greater Noida together boast a presence of more than 50 multinational conglomerates from a variety of domains like ICT, retail, manufacturing, and others. The city has become a core model for the establishment and development of SMEs; manufacturing companies are also recouping and inching with the industrial sectors. The commercial real estate market in Noida is experiencing steady growth, fueled by the healthy supply-demand levels. The demand comes from corporates, manufacturing units, institutional centres, and a range of industries. An unprecedented factor that makes commercial property in Noida really sought-after is its affordability. Thus, office spaces can be leased for about Rs60 per sq.ft., the price for retail premises equals about Rs115, accordingly. Such rates are 25% lower than in Gurungam, so, it is not surprising why more and more companies are moving their offices and headquarters to Noida. Affordability is not the only issue valued by tenants who are looking for commercial property for rent in Noida. The city is an ideal destination for business activities because it boasts superb connectivity with Delhi, fast and substantial infrastructure development, and better yields. Experts state that the area will continue to remain an attractive destination for commercial space occupiers, especially those who are looking for consolidation and the possibility to expand their businesses. The warehouse segment is one of the most stable in the city. E-commerce companies, healthcare and FMCG products, distribution firms, have recently witnessed an accelerated demand for industrial suites. The warehouse infrastructure, thus, has all the chances to grow further and attract more occupants.
