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1. Prop World Offer - Commercial office space for sale/rent in noida
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Commercial office space for sale in noida /
Commercial office space for rent in noida
2. Noida, which is one of the few planned industrial
townships in Asia, is known for its commercial buoyancy.
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.
The best factor about the commercial office space for rent
in noida is that it is basically spread across various sectors
and not clustered in one particular area. Sector 1 to 6, 10,
16, 16A (Film City) 18, 51, 52 and 57 to 62 are the sectors
that boast of hip markets, larger-than-life malls and office
space while a lot of commercial avenues have also come
up in sector 21, 28, 29, and 37.
3. These sectors enjoy popularity not only because of their
commercial buoyancy but also because of their close proximity to
the National Capital. In fact, these sectors are also considered as
posh areas for living.
According to a report, the resale rate of property in Noida (both
offices and retail outlets) ranges 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 market situation).
Gauging the growing demand of the market, several Grade A
buildings are being developed such as the Express Tower (Sector-
16A), Express Tower (in pipeline), and Logix Park which is under
construction at Sector 16. A lot of premium developers are coming
up with promising residential and commercial property all over
Noida.
4. Premium-quality retail space in Noida basically depends upon Center
stage (Sector-18), Shopprex mall (Sector-61), Center stage (Sector-18)
and Spice in Sector-24. Now, a huge project is being developed as
Corundum Building in Sector 62, which can provide accommodation to
as many as 300-400 shops.
All the premium commercial complexes in Noida such as Ocean
Complex, Ocean Plaza, Ocean Heights, Vishal Chamber, JOP Plaza,
Ansal Fortune, 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 dont have much to offer commercially will come under the low
price band.
Commercial office space for sale in noida / Commercial office space for rent in noida
5. 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 (rates may vary as per different sector). Property
values for Grade B buildings, like JOP place (Sec-18), Ansal Fortune Arcade,
commercial plazas and all local offices, etc vary from 8,000 to 15,000 per sq ft for
purchase and 80 to 120 per sq ft for rent.
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 (because of the plethora malls this
NCR Region offers) 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 commercial office space for sale in noida to get the best returns
later.