The city of Noida, located in the National Capital Region (NCR) of India, has witnessed rapid urbanization and commercialization in recent years. It has become one of the most sought-after destinations for businesses, IT companies, and startups looking for office space, and the commercial real estate market in Noida is booming. In this article, we will analyze the current state and future prospects of the commercial real estate market in Noida and how Bhutani Cyberthum, a commercial real estate development, is poised to capitalize on the upcoming growth.
Current State of Commercial Real Estate in Noida
Noida has emerged as a major commercial hub due to its strategic location, excellent infrastructure, and favorable policies of the state government. The city is well-connected to Delhi and other parts of NCR through a network of highways and metro rail. This has made it an attractive destination for businesses looking for a cost-effective yet well-connected location.
The commercial real estate market in Noida is dominated by the IT/ITES sector, with several IT companies having their offices in the city. The demand for office space in Noida has been consistently high due to the availability of quality infrastructure and the cost-effectiveness of the city compared to other commercial hubs like Gurgaon and Bangalore.
Another factor driving the growth of commercial real estate in Noida is the government’s policies to promote the city as an IT and startup hub. The state government has launched several initiatives, including the Noida-Greater Noida Metro Rail project, the setting up of a startup incubation center, and the development of the Noida International Airport, which is expected to boost the commercial real estate market in the region.
Future Prospects of Commercial Real Estate in Noida
The future prospects of the commercial real estate market in Noida are promising. The city is expected to witness a surge in demand for office space in the coming years, driven by the growth of the IT sector, startups, and e-commerce companies. According to a report by JLL India, Noida is expected to witness a 15-20% increase in office space absorption in the next few years.
The government’s initiatives to promote the city as an IT and startup hub are also expected to drive the growth of the commercial real estate market in Noida. The Noida International Airport, which is expected to be operational by 2024, is expected to boost the demand for commercial real estate in the region. The airport is expected to create thousands of jobs and attract several businesses to the region, further increasing the demand for office space.
Bhutani Cyberthum: Poised to Capitalize on the Growth
Bhutani Cyberthum is a commercial real estate development located in Sector 140A of Noida. The project is spread over 27 acres and consists of two towers, the North Tower, and the South Tower, with a combined area of over 5.5 million square feet. The project is designed to cater to the needs of the IT/ITES sector and has several unique features that make it an attractive destination for businesses looking for office space in Noida.
One of the unique features of Bhutani Cyberthum is its futuristic design. The project has a distinctive ‘X’ shape that makes it stand out in the skyline of Noida. The towers are designed to provide ample natural light and ventilation to the offices, ensuring a comfortable working environment for the employees.
