India’s GDP is expected to grow at 7.2 percent in the current fiscal year, as per the forecasts released by the Asian Development Bank (ADB).
The growth in the Indian economy will mainly be driven by the services sector, which requires office space. A sustained growth in the sector will translate into more hiring and this means that more office real estate will be required to accommodate more number of people.
“We have to spend more than 2-3 hours every day juggling with traffic jams in Cyber City and then other roads within Gurgaon. Even to cover a stretch of a few kilometres, it takes several hours and that is a waste of time for us,” says Anand Sharma, a top executive working in an IT services company.
Wasting several precious hours of skilled manpower is a straight loss to the economy at a macro level. This is why, several companies are moving towards Noida Expressway zone where you hardly come across any traffic jams.
The road connectivity is superior indeed, and this is further supported by the launch of Metro Rail services viz. Aqua Line. Employees can thus commute swiftly through this convenient and cost-effective mode of transport. That is a major positive factor for the office real estate sector in Noida Expressway belt.
Both the projects of Bhutani Infra – Alphathum and Cyberthum – enjoy close proximity to Metro Railway Stations. On one end, there is a Metro Railway Station at Sector 137, which is located at a walking distance and on the other end, there is Sector 142 Metro Railway Station which is again at a stone’s throw distance from these projects.
Another major advantage is availability of cost-effective residential real estate. If one works in this belt, he or she can take a 2BHK-3BHK flat at a monthly rent as low as Rs 12,000 – Rs 15,000, with all the amenities such as club house, swimming pool, gymnasium, sports zones, so on and so forth.
There are several professionals who are moving from Gurgaon and other parts of the NCR to this zone because of better quality of life at affordable prices.
With such a good number of practical advantages, office real estate sector in Noida Expressway belt is slated to grow further in the coming times.
Bhutani Alphathum project was sold out in a few months of launch on the back of the Group’s reputation and location advantage. Today it is at a near completion stage and the Group has further launched another project in the same location. The project is named as Cyberthum! This project has
received heartening response from the market and the bookings are on. Do not hesitate in checking out this project site and contact the team of specialists for assistance today.
What does it mean for the office real estate sector?
This simply means more demand for office real estate across cities. If research studies are to be referred, it is believed that with a growth rate of 7 percent, there will be a need for an additional 12 to 15 percent office real estate each year.The growth in the Indian economy will mainly be driven by the services sector, which requires office space. A sustained growth in the sector will translate into more hiring and this means that more office real estate will be required to accommodate more number of people.
How does Noida office real estate market be impacted?
In the recent years, Noida has surpassed all expectations of real estate investors and end users. The Noida-Greater Noida Expressway belt is faring quite well in particular. This belt is decongested and free of traffic snarls that plague its top counterpart Gurgaon.“We have to spend more than 2-3 hours every day juggling with traffic jams in Cyber City and then other roads within Gurgaon. Even to cover a stretch of a few kilometres, it takes several hours and that is a waste of time for us,” says Anand Sharma, a top executive working in an IT services company.
Wasting several precious hours of skilled manpower is a straight loss to the economy at a macro level. This is why, several companies are moving towards Noida Expressway zone where you hardly come across any traffic jams.
What are the other advantages Noida Expressway belt offers?
There are numerous advantages. Companies are buying and leasing office real estate space in Noida Expressway because of superior infrastructure leading to seamless connectivity with other major commercial and residential hubs such as New Delhi, Gurgaon, Ghaziabad and Faridabad.The road connectivity is superior indeed, and this is further supported by the launch of Metro Rail services viz. Aqua Line. Employees can thus commute swiftly through this convenient and cost-effective mode of transport. That is a major positive factor for the office real estate sector in Noida Expressway belt.
Both the projects of Bhutani Infra – Alphathum and Cyberthum – enjoy close proximity to Metro Railway Stations. On one end, there is a Metro Railway Station at Sector 137, which is located at a walking distance and on the other end, there is Sector 142 Metro Railway Station which is again at a stone’s throw distance from these projects.
Another major advantage is availability of cost-effective residential real estate. If one works in this belt, he or she can take a 2BHK-3BHK flat at a monthly rent as low as Rs 12,000 – Rs 15,000, with all the amenities such as club house, swimming pool, gymnasium, sports zones, so on and so forth.
There are several professionals who are moving from Gurgaon and other parts of the NCR to this zone because of better quality of life at affordable prices.
With such a good number of practical advantages, office real estate sector in Noida Expressway belt is slated to grow further in the coming times.
Bhutani Alphathum project was sold out in a few months of launch on the back of the Group’s reputation and location advantage. Today it is at a near completion stage and the Group has further launched another project in the same location. The project is named as Cyberthum! This project has
received heartening response from the market and the bookings are on. Do not hesitate in checking out this project site and contact the team of specialists for assistance today.
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