Topic: The Thriving Noida Commercial Property Market

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Among few planned industrial townships in Asia, Noida (New Okhla Industrial Authority) is considered to be one of them. Besides the industrial sector, more than 20% of the land is occupied by the Noida commercial property.

The sectors over which the Noida commercial property development is spread includes 1 to 6, 10 to 16, 16A (film city), 18, 51and 57 to 62. Many modern avenues are also built in sectors like 21,28,29 and 37. Several A grade commercial projects like Express Tower sector 16A, Express Tower in Pipe Line and Logix Park of sector 16 are built due to the increasing demand for Noida commercial property.

Noida Commercial Property Market

In spite of the increasing demand for the Noida commercial property, the price range of the properties is considerably in check due to adequate supply. Investment in commercial properties in Noida fetch a return of around 10% p.a. as rentals in the capital value. As a result of which the property market is ever booming.
Office Space in Noida

Noida is one of the most preferred locations for both Indian as well as MNC offices. The major economic backbone of Noida is formed by the IT & ITES. The offices are mainly concentrated in the sectors 29, 57, 58, 59 & 60. Huge office complexes are also located in and around sector 18. Since the demand for IT space is gradually increasing, Noida has gradually expanded to about 0.78 million sq ft against the average demand of 0.52 million sq ft. Apart from the IT sector, Noida is also now the home of the thriving BPO industry.
Retail Space in Noida

Sector 18 is considered to be the prime location for the retail market in Noida. You would find giant malls and high street shops in this area. The shops that are available both on sale and rent are of the average size of 200 - 500 sq ft. The Great India Place which was developed by the Unitech Group is situated in Sector 38-A of Noida. The structure is part of the large entertainment city amusement park showcasing brands like Globus, Pantaloons, Shopper's Stops, Big Bazaar, Lifestyle, Home Town, Nike, Guess, Adidas, Marks and Spencer and such.

Industrial Space in Noida

In Noida there are more than 7000 manufacturing units involving an investment of Rs 15,000 crore. The Noida Software Technology Park (STP) is India's second largest export turn over. The Infotech Park (ITP) is the epicentre of Noida's industrial revolution occupying a vast area of 100 acres. The Noida Export Processing Zone (NEPZ) is the only land locked export processing zone of the country and is an 100% export oriented unit.

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