Office Space in Delhi

Most of the companies and organization relocating as part of their cutting short their expenses have resulted in weakening the demand for Office Space in Delhi, Noida, Gurgaon and other NCR regions. Imperia real estate and property consultant, have reported that the Office Space in Delhi demand is weak across the country in the January to March quarter of 2013. Though there was a slight growth in the office space absorption by the end of last year, the momentum faded this year.

Office Space in Delhi

The demand for office space across the country has been affected. Due to the sluggish real estate market, many of the corporate companies and organization were planning to shift their offices to bigger Office Space in Delhi  leading to an increase in the demand. However this expansion plan was overturned by the global economic crisis. The impact of global financial crisis is severe in the subcontinent too. The IT sector too has not been raising any demand. Though the weak IT demand does not affect the demand for Commercial Space in Delhi, it too has slightly affected the commercial sector in the national capital region.

Office Space in Delhi

Though there are many upcoming commercial projects in the National Capital region, there aren’t many in Delhi. So to say there is not sufficient numbers of Commercial Property in Delhi. All the more the properties which the Center was old and devoid of many modern facilities and amenities which the people look for. Thus the sentiment of the takers is diverted to other NCR regions.

There are many commercial properties for office are coming up in other NCR regions. Most of the upcoming projects have the most modern facilities and amenities. In comparison to these outstanding projects the facilities available at Delhi is nothing. This is the reason why there is no good response for Office Space in Delhi. Experts opine that the demand will be boosted by the redevelopment of many such existing projects.

Office Space in Delhi

Once a redevelopment takes place, the demand for Office Space in Delhi will be boosted. In the opinion of the experts, the business class people want to have Office Space in Delhi on projects which provide better facilities and amenities. As the commercial projects in other NCR locations are far better amenities and facilities, the business class people are more attracted to these locations.

You can notice easily that there are many good projects are coming up in these regions. There are many upcoming commercial hubs in these areas. All these factors pull the demand for Commercial Property in Delhi downward. Yet, it has to be noted that there are some locations in Delhi which is highly demanded. Connaught Place in Delhi is one of the top commercial hubs in the capital. Though the other regions have commercial projects with better amenities, location advantages are better in Delhi for sure.

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