The entire National Capital Region (NCR) along with capital city Delhi is rapidly rising as the hotspot for commercial real estate developments. The major influx of multinational companies and other big domestic firms is the main reason behind this increase in corporate office demand. As offices are coming up in every nook and corner of Noida, Gurgaon, Delhi and Greater Noida, more people are looking for housing accommodations in these areas. This is resulting in a rapid increase in the demand for residential development as well.
According to the reports prepared by the consultancy firm CBRE, the corporate office take up in the National Capital Region has witnessed a whopping 70 per cent upward movement as opposed to the June quarter of the last year. The office space take up was followed by the real estate requirements of the ecommerce industry.