Among the few planned industrial townships in Asia, Noida or (New Okhla Industrial Authority) is one of them. Apart from the industrial space, there are more than 20% of land occupied by the Noida commercial property.
The Noida commercial development consists of sectors 1 to 6, 10 to 16, 16A (film city), 18, 51, 51 and 57 to 62. Many new modern avenues are also built in sectors 21, 28, 29 and 37. Since there is a massive growth of Noida commercial sector, large complexes in Express Tower sector 16A, Express Tower in Pipe Line and Logix Park of sector 16 are built.
Noida Commercial Property Market Scenario
Even though there is high demand for commercial property in Noida but the price is comparatively reasonable due to adequate supply. Hence, commercial spaces are offered in affordable prices to investors.
The major backbone of Noida consists of IT & ITES. Most of the IT companies are located in sectors 29, 57, 58, 59, 60 and large area in and around sector 18. The rapid increase of IT spaces has eventually stretched the city limits to about 0.78 Million sq ft against the average demand of 0. 52 Million sq ft. Besides the IT, the BPO also forms a major sector in the city.
Apart from corporate buildings, the Noida commercial property also comprises of retail and industrial sectors. Sector 18 is famous for holding retail shops, markets and malls. On the other hand, there are more than 7000 manufacturing units with an investment of Rs 15,000 crore.
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