Infrastructure development forms the backbone of any region’s economic growth, serving as a foundation on which various businesses, industries, and sectors thrive. It encompasses essential facilities and systems such as transportation networks, utilities, and social amenities that support daily operations and long-term growth. In the context of commercial real estate, infrastructure development is a game-changer. Real estate and infrastructure are increasingly intertwined as India’s economy grows exponentially. Building roads, bridges, public transit systems, and other important infrastructure projects directly impact the appreciation of surrounding property values.
In regions like Delhi-NCR, where commercial realty has been flourishing over the years, the segment houses a wide range of sectors, including retail, corporate offices, hotels, logistics hubs, Data centers and manufacturing units. Within this landscape, Noida and Greater Noida have emerged as key players, positioning themselves as commercial and industrial hubs. Their planned layouts, state-of-the-art infrastructure, and proximity to the capital city make them prime destinations for businesses and real estate investments.
As per industry reports, the average property prices in Noida experienced a quarter-on-quarter increase of 7% in the early part of 2024. This shift is fueled by robust infrastructure, improved connectivity, and businesses and industries’ growing desire for premium commercial spaces. Noida-Greater Noida’s market has seen a significant surge in demand for office spaces, driven by the strong presence of IT/ITES sectors. Tech giants and multinational corporations like Infosys, Wipro, Microsoft, and Samsung have established major offices in Noida, contributing to the region’s infrastructural growth. Tata Consultancy Services, India’s one of the largest IT companies, has leased 400,000 sq. ft. on Noida Expressway, marking one of the largest office space transactions in Delhi-NCR. This growing concentration of tech and IT companies is not only boosting infrastructure but also propelling the growth of the commercial real estate sector in the region.
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Moreover, both these micro-markets offer a more affordable alternative to Delhi and Gurugram without compromising infrastructure development. Infrastructure marvels, notably the Noida-Greater Noida Expressway and FNG Expressway, have been pivotal to the region’s growth. They have not only eased commuting for professionals but have also spurred the growth of various sectors such as retail, IT, and logistics. These well-developed road corridors significantly reduce travel time between key business hubs and residential areas,
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