India’s commercial real estate sector is experiencing unprecedented growth, driven largely by the rapid expansion of Global Capability Centres (GCCs). A recent joint report by CBRE and Zyoin highlights this trend, revealing that since 2022, global companies have leased nearly 53 million square feet of office space across major cities such as Bengaluru, Hyderabad, Chennai, Pune, Delhi-NCR, and Mumbai. These expansions are reshaping the commercial property landscape, with Noida Expressway emerging as one of the most attractive hotspots for businesses seeking office space.
Why is Noida Expressway Leading the Charge?
The Noida Expressway has rapidly become one of the most sought-after areas for businesses, particularly in the commercial real estate sector. A combination of strategic location, connectivity, and available infrastructure has made it an attractive destination for companies looking to expand their Global Capability Centers. The proximity to key business hubs, airports, and residential areas further boosts its appeal.
In addition, government initiatives aimed at developing Noida and Greater Noida as business-friendly zones, along with the availability of affordable office spaces, have contributed significantly to the growth in the region. With improved connectivity, this area is poised to attract more global companies, further driving the demand for office spaces.
Global GCCs and Their Impact on Commercial Real Estate
As multinational corporations increasingly turn to India to establish Global Capability Centers, the demand for commercial real estate has surged. These centers, which serve as hubs for key business functions such as IT services, research, and finance, are expanding rapidly across Delhi-NCR. A recent joint report by CBRE and Zyoin shows that since 2022, global companies have leased nearly 53 million square feet of office space in cities like Bengaluru, Chennai, and Delhi-NCR to establish and expand their GCCs.
Noida, in particular, has witnessed a significant rise in demand for premium office spaces, as it becomes a preferred location for these centers. This surge is not only fostering commercial growth but also spurring new developments and the renovation of existing properties to meet the needs of modern businesses.
For property owners, this surge in demand presents an excellent opportunity to capitalize on the growing interest in the region. Velldone, Your Personal Leasing Assistant, can guide property owners through the leasing process to ensure maximum returns on investments. For those looking to lease office spaces, Velldone’s commercial property listings provide a range of premium options.
What Does This Mean for Businesses Looking for Office Spaces?
For businesses considering a move or expansion, the Noida Expressway offers a wealth of opportunities. The region’s development is aligned with the needs of modern businesses, with a focus on sustainable infrastructure, technology, and ease of access. Leasing an office space in this rapidly growing area ensures that your company will benefit from the region’s thriving commercial ecosystem.
At Velldone, we specialize in offering comprehensive solutions for both property owners and businesses seeking office space. As Noida continues to grow as a commercial real estate hub, Velldone ensures that you find the perfect space to meet your needs.
A Future Full of Promise
The expansion of GCCs and the growing demand for office spaces in Noida and the larger Delhi-NCR region signal a bright future for the commercial real estate sector. With strategic planning, infrastructure improvements, and government backing, this region will continue to attract global businesses. Whether you’re a company looking to lease space or a property owner looking to capitalize on the demand, Velldone is here to help you navigate the evolving commercial real estate landscape.
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About Us
At Velldone, we’re more than just a provider of office spaces – we’re your partner in success. With years of experience in the real estate industry and a deep understanding of the needs of modern businesses. We are committed to delivering exceptional workspace solutions that empower our clients to thrive.