Delhi-NCR: Despite weakening economy and sluggish absorption, the rental and capital values of Gurgaon and Noida are foreseen to be pulled up. Property services firm, Jones Lang La Salle reported that Gurgaon and Noida accounted for the majority of new supply at 720,000 sq ft and 710,000 sq ft, respectively. Against this supply, the entire NCR witnessed a net absorption of 720,000 sq ft during the third quarter of the year 2012.
The total office space take-up in 2013 is expected to be 38 million sq ft, representing an increase of 21 per cent annually. Thus the substantial increase offers excellent opportunity to invest in the commercial segment as rising demand is further expected to push the rates giving healthy returns.
If compared with previous years, the commercial transactions in the metro have been increased. Developers have prepared their plans to go ahead with big ticket projects. As rentals and capital values are realistic and have not seen any special price hike, investing in the commercial sector is an exciting and safe bet and an investment opportunity.
Two prime sectors, IT/ITeS and BFSI (Banking, Financial Services and Insurance) makes 70 per cent of the total office space take-up. In 2013, while office space demand from the IT/ITeS sector is predicted to increase by 34 per cent the same is expected to go up by 5 per cent from the BFSI.
Delhi is the heart of india as politically and also its heart of india in business too. It is very dificult to find space for commercial easily and in affordable price in Delhi.