As we look towards NCR’s urban fabric, we can tell that the overall agglomeration of development in NCR has been exponentially growing and it has significantly expanded from Connaught place to the peripheral areas of Gurgaon and Noida. The most sought after real estate destination of the North India for both commercial as well as residential real estate. NCR expansions and growth have been driven by the huge contribution of IT/ITeS sector with large scale demand of the residential and commercial office spaces. Increasing demand of spaces is directly proportional to the expansion of the NCR, which contributed further in the expansion of region to new destinations like Greater Noida, Saket and Jasola etc. According to researches based on various real estate aspects has predicted that the NCR is expected to witness fresh supply of 34 million square feet of office spaces in the coming four to five years.Despite being one of the top-notch residential destinations of the country, NCR has procured the highest position on the list of destinations having the largest office space supply with attractive count of yearly absorption. Although the whole country had witnessed a huge economic crisis but NCR remained still during the critical time of the economic slowdown in the country. Over the past one year, analysis of NCR’s real estate has shown a rising trend which has marginally exceeded the previous year’s results. Transaction and absorptions of properties observed a remarkable improvement over all sorts of graphs and IT/ITeS sector dominated the office market of the NCR. Gurgaon and Noida are the localities of NCR which are one of the most favored business centers across the globe which has prominent influence on the overall office market of the country.Although NCR is prominently dominated by the IT/ITeS sector from years, but it has a significant presence of other commercial sectors. In 2013, IT/ITeS sector saw transaction of only 0.2 million square feet in the first quarter of the year which was dipped by about 75 percent in comparison with first quarter of 2012. Throughout the year overall transaction share of IT/ITeS sector was remained at 30 percent of the total transacted space with about 1.5 million square feet of office space in the first nine months of 2013. Manufacturing and other service sectors observed increased share of transactions in 2013, and share of the service sectors like media, telecom, consulting and logistics have observed a significant increase in their market share.About 1.7 million square feet of office space was observed during the year 2013 by other service sectors in the NCR. Delloite, Interglobe and Jacob’s Engineering are few of the top most occupiers in these sectors. Manufacturing industry had observed fall in the overall market share in 2012 which further revived in the 2013 with significant increase in transactions. BFSI sector also has a huge share in the overall market which also observed significant increase this year which moved up with about 11 per cent share during first nine months.
Region wise traction of NCRNoida and Gurgaon localities are the most preferred locations in NCR claiming about 90 per cent of the total transacted space during the first nine months of 2013. The share of these locations is up surging every years with significant increase in the count due to ample availability of land parcels and comparatively affordable price range. The saturated office spaces in SBD and CBD has proportionately made presence of these locations more visible across the globe, only respite for SBD was the addition of Aerocity which played a huge part attracting occupiers in Secondary business district.Gurgaon headed the real estate market of the NCR with highest new office supply as well as the highest absorption in the region. DLF Cybercity has played attraction factor in Gurgaon attracting numerous IT companies to Gurgaon followed by M G Road and Golf Course area. Gurgaon peripheral business district has alone about 66 per cent of the overall transactions during the first nine months of 2013.On the other hand Noida property market observed moderate absorption as well as new supply in 2013 and remained the second most favored location in NCR, but overall transaction reduced by about 25 per cent as compared to the year 2012. Gurgaon has presence of an array of different sectors while Noida market was completely dependent on the IT/ITeS sector due to which it economic slowdown has significantly affected the market share of Noida.CBD and SBD localities of NCR shares about 9 percent of the overall transacted space during the first nine months of 2013. With about 50 transactions from CBD and SBD, these business districts predominantly made their mark on the overall pie of the NCR market. CBD and SBD were majorly dominated by the BFSI sector followed by engineering, electronic and aviation sectors. The location of these areas was the primary influential factor in the office space market in the NCR region which led these regions in rental property transaction. Rental values in NCR region were lowered except in few prominent business districts in the past two to three years. Gurgaon observed the highest increase in rental values in 2013 with about 9 per cent increase in rentals followed by other NCR areas.Outlook of NCR MarketTransactions observed in the first nine months of 2013 shows that trends observed in the NCR office market are dominantly encouraging which posses strong chances of coming up as the premium office market in North India. IT/ITeS sector has a strong influence on the real estate market of NCR region, especially on the commercial real estate market due to presence of numerous multinationals in the region and top-notch connectivity facilities like expressways, metro rail and airport etc. NCR has undergone a expansion for many times which is perfectly planned by the civic administration, hence it has helped NCR to built huge real estate fabric for the development. NCR office market is optimistic about the developments in the region and is highly driven by the planned expansion and large demand from various sectors. NCR is expected to grow exponentially with time as the government has further plans of expanding it to many other outskirt regions to reach the future increasing demand of the commercial as well as residential real estate of NCR.займ на карту без отказов круглосуточновзять кредит онлайн