Discovering the ideal office space available for sale in Noida
One of the most vibrant areas in the National Capital Region is Noida, which makes it an ideal location for investing in an ideal office space. Offering top-notch connectivity and infrastructure, the city is a great option for companies wishing to open in the NCR. Let’s examine the top areas in Noida to invest in an ideal office space.
- Sector 16 and 18
- Sector 62 And Sector 63
- Sector 96, Sector 97 Sector 98 and Sector 125
Things to Take Into Account When Selecting a Location for an Ideal Office Space Investment
When selecting a location for an ideal office space venture, there are numerous things to take into account. Some of the crucial elements are mentioned below:
- Accessibility: Both private vehicles and public transportation should have easy access to the place.
- Infrastructure: The region should have a well-developed infrastructure with access to power, water, and other necessities.
- Proximity to residential areas: In order to make it simple for potential clients to go to your business, the location should be near residential areas.
- Rental yield: To ensure that you get a solid return on your investment, the neighbourhood should have a high rental yield.
- Potential for future growth: The site should have the capacity for development so that your investment appreciates over time.
Sectors and Clusters In Noida For Purchasing an Ideal Office Space
The greatest areas in Noida for business investment can be thought of as clusters consisting of neighbouring and adjoining sectors. These clusters, which are well-connected to the city’s infrastructure, provide a variety of office, retail, and hospitality opportunities.
Sector 16 and 18
An ideal office space area, or CBD, in Noida is a fantastic place to invest in an ideal office space. It is the oldest area of the city and is home to major shopping centres like GIP and Mall of India as well as well-known landmarks like the Atta market. Also, Noida Film City, situated in Sector 16, is home to the majority of media companies’ studios. Even though there isn’t much land available for additional building, Noida’s CBD is nevertheless among its most developed areas.
Why Invest In an Ideal Office Space In Sector 16 And Sector 18?
Established location: This results in less price speculative activity, stable yield rates, and more predictable profits.
Premium location: This is the greatest substitute for Delhi and the most upscale cluster in Noida.
Location And Connectivity: It is conveniently located near the Noida gateway and has good access to Delhi via the DND and Kalinda Kunj highways. It has excellent connections to other areas of Noida and Delhi via the DMRC metro network’s blue and magenta lines. To top it all off, an elevated corridor that is currently being built will improve connection even more, running from Bhangel in Noida to Mayur Vihar in Delhi.
Catchment Area: Two of the most desirable areas in Noida for investing in an ideal office space are Sectors 16 and 18. They have the largest catchment area because they are well-connected to both Delhi and every section of Noida. It’s simpler to draw renters in this cluster because there are many residential options close by.
Commercial Projects
Due to the presence of significant completed projects like the Delhi One Max Tower, Burger Tower, Wave One Silver Tower, World Trade Tower, Carnoustie Tower, Logix IT Park, and Pinnacle Business Park, as well as ongoing projects like Wave One, which is expected to be a landmark for Noida, Sector 16 and Sector 18 are particularly well-liked choices.
Future Outlook
An excellent option for an ideal office space in Sectors 16 and 18 is consistency in terms of pricing and rental rates. Due to the restricted number of available land parcels, there is potential for future growth, but the supply of new construction is limited. Remember that rents and prices have levelled off in this neighbourhood, so don’t anticipate any significant increases very soon. Nonetheless, these areas will always be Noida’s central business district and will only become more significant, which makes them a great choice for investments.
Sector 62 And Sector 63
The rapidly expanding IT/ITES sector is a well-known feature of sectors 62 and 63. These two industries account for between 30 and 35 percent of Noida’s total IT/ITES office space. Major institutes including CDAC, Jaypee Colleges, IGNOU, ICAI, and ICSI are also located there. This is the ideal site for reasonably priced IT/ITES buildings.
Why Invest in an Ideal Office Space in Noida's Sector 62 and 63?
- Ample availability of IT/ITES developments in both under construction and ready-to-occupy projects
- The cost is less than typical when compared to other Noida neighbourhoods.
- A well-established market where office occupancy rates in IT/ITES ventures are higher
- Smaller IT/ITES offices are widely accessible in this cluster.
Place And Network
The Blue line of the Delhi Metro provides excellent connectivity between Sectors 62 and 63, which are located near Noida’s northern boundary, and Delhi. This area has good access to the city’s other areas through a well-developed road network and public transportation. Furthermore, the site is perfect for companies who wish to be near the city yet still have easy access to transportation.
Area of Catchment
Not to mention, there are many residential possibilities in the shape of apartments and plots in nearby sectors, and there is a sizable pool of potential clients and workers. Furthermore, the Central Noida cluster of sectors 74–79 offers workers even more possibilities for housing.
Startups Show
Major corporations include Ericsson, TCS, Nucleus software, Fiserv, Barclays, Motherson Technology, and Samsung are located in Noida’s Sector 62 and 63. Numerous start-ups and small to medium-sized businesses (SMEs) are also based there.
IT/ITES and an Ideal Office Space Projects
Numerous IT/ITES projects may be found in Noida’s Sector 62 and 63. Within Sectors 62 and 63 are some of the well-known finished ideal office space and IT/ITES projects: Ithum, Noida One, Stellar IT Park, Okaya Blue Silicon, Knowledge Boulevard, Green Boulevard, IDFC Galaxy, and Logix Cyber Park. Important ideal office space developments in these locations that are now under construction are Krishna Apra One State—IT/ITES and Master’s Capitol Avenue—IT/ITES. Noida purchasers of an ideal office space will undoubtedly be very interested in these projects.
Prospects for the Future
An ideal office space buyer looking for a high-occupancy location with little acreage available for future expansion can choose Noida’s sector 62 and 63. This suggests that in the medium to long term, prices and rentals will increase. But since the majority of the land in these areas has already been built, rental rates and pricing have already been decided. This is a great option if you’re a risk-averse investor or an end user searching for a nice neighbourhood.
Sector 96, Sector 97 Sector 98 and Sector 125
Why Invest in an Ideal Office Space in Sectors 96, 97, 98, and 125?
- Increased visibility: This cluster is situated alongside the Greater Noida Expressway in Noida.
- An upscale neighbourhood: Rich watershed in the local area
Place And Network
The business belt in these sectors has substantial frontage along the Noida Expressway, and this cluster is situated along the Noida Greater Noida Expressway.
Via Vishwakarma Road and the Noida Expressway, these sectors are connected. The closest metro stop is Botanical Garden, which is roughly 4-6 kilometres away.
Catchment
The residential clusters of Sectors 43, 44, 45, 96, 97, 98, 93, 104, 107, and 108 are close to these sectors. which have outstanding occupancy rates and are home to a number of upscale projects.
Corporates Nearby
Here are some details that you, as a Noida buyer of an ideal office space, can find useful.
- Among the corporations operating in these industries are Paytm, Unifrax, and others. For 5,000 seats, Paytm has taken up 5.5 lac square feet of space.
- Retail and food and beverage businesses like Shoppers Stop, Dominos, Starbucks, Haldiram, and others are also present.
- Based on Paytm’s extensive space leasing, it is anticipated that more corporate entities will follow suit and occupy space in this cluster.
Ideal Office Space Projects
Only a small number of ideal office space projects are under construction or completed in Sectors 96, 97, and 98. While Mall of Noida, Sikka Downtown, and Sikka Kapital Grand in Sector 98 are still under development, Skymark One in Sector 98 and E Square in Sector 96 are finished.
Prospects for the Future
In the near to medium term, there is anticipated to be a rise in demand for an ideal office space in Sectors 96, 97, and 98. This is because the area surrounding this cluster has an affluent catchment. There are land parcels available in this cluster that Noida Authority may release at a later time. Because of this, it’s a great place to invest in an ideal office space.
Sectors 90, 140A, 142, and 144 are located on the eastern side of the Noida Greater Noida Expressway, bordering FNG, Noida.
Conclusion
Large-scale, campus-style developments are anticipated to be located in this cluster, which is predicted to become a centre for major enterprises. Since this is one of Noida’s most recent ideal office space development clusters, higher rents and prices are to be expected there.
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