Investment in Commercial Properties
The Millennium City Gurgaon is the home of many multi-national companies and it an employer to millions of people who come to the city from various states of India. With improved social and physical infrastructure, the city is getting more FDI and has become the top area for earning revenues. In such a fast-emerging industrial city, there is no dearth of commercial properties. Now, the city is seen as the best bet for investing in commercial properties. This claim is made by a new report from Colliers International, a leading global commercial real estate company. Industrial land, industrial plots, office space, commercial shops and showrooms, hotels, restaurants, resorts, and offices in IT parks are some of the options for having a Commercial Plots In Dwarka Expressway property in Gurgaon.
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| Commercial Plots In Dwarka Expressway |
Now, people interested in investing in commercial property in Gurgaon have a reason to smile as the report states that Gurgaon has surpassed Noida as the best bet for office. When compared to Noida, it was found that Gurgaon absorbed about 1.8 million sq ft of office space in April-June 2015. It was 60% more than the last quarter. In the same tenure, Noida absorbed only 0.5 million sq ft of space for office purpose. Surprisingly, the report states that probably there could actually be no demand for office spaces in Noida and the tendency could continue for the current year. So, Gurgaon has an edge and it could be a great bargain time for IT and ITeS tenants to book their Plot In Dwarka Expressway in advance. They can also buy their own commercial space.
Pros and Cons Between Gurgaon and Noida
Experts think that Noida's disadvantage as a corporate location is due to the lack of better and improved infrastructure. Owing to a number of factors, such as proximity to an airport, law and order situation, power scenario and accessibility, Gurgaon has an edge over Noida. Although Noida is going to get a new airport at Jewar near Greater Noida, yet Gurgaon's proximity to IGI International Airport helps the city become the first choice of investors for Commercial Land In Dwarka Expressway property investment in new projects in Gurgaon in all prime locations of the satellite city.
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| Commercial Land In Dwarka Expressway |
Oversupply of office spaces may be the reason due to which the rent and purchase price has gone down in recent times in Noida and Greater Noida. One disadvantage Noida has is the unavailability of an international airport. Availability of an airport, good connectivity, and lower rent than Delhi and Gurgaon can encourage people to Buy Plots In Dwarka Expressway Gurgaon.
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