Move over Gurgaon. In the last calendar year, Noida emerged as Delhi NCR’s prime commercial real estate (CRE) destination in net office space absorption, outpacing its bigger rival. Experts predict that in 2021 and beyond, the competition between the two micro markets will only intensify.
Noida is fast shedding its image as Gurgaon’s poor cousin in terms of attracting corporates. With its efficient road and metro connectivity, affordable housing, abundant power, availability of Grade-A office space, competitive rentals and upcoming international airport and logistics hub, it’s becoming more attractive by the day. It is also emerging as a prime location for setting up data centres in north India.