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According to a latest report by a top real estate services and investment management firm, Noida has emerged as the third most sought-after commercial destination in India followed by Bengaluru and Hyderabad. The report released by Colliers International revealed that flourishing start-up culture, lower rentals, well-developed infrastructure, and improved connectivity have geared up the commercial real estate in Noida.
The report stated, “Noida registered 100 percent growth in the office space absorption in H1 2018 as compared to 2017. Close to 2 million sq ft of office leasing was recorded during the period. However, the figure is expected to grow to 3.5 million sq ft by the year-end.”