Being a prime location, a huge number of businesses are looking for office spaces for rent on the Noida Expressway. The area has totally transformed the landscape of Noida and has turned it into a key commercial zone. The infrastructure development has highly driven the demand for office space along this stretch of the road. But what is really about it that has influenced the commercial real estate market here? Let’s find out!
Enhanced Connectivity
Many factors make any location preferable but connectivity is something that can make a region outshine others. Why there’s a lot of demand for office space in the Noida Expressway? Because of the brilliant connectivity. The expressway seamlessly connects Noida, Delhi, Greater Noida and the Yamuna Expressway. Commuters have experienced reduced travel time. Whether your employees, clients or partners, anyone can reach you without any hassle. Also, with the upcoming Aqua Line of the Delhi Metro, connectivity is only going to get further better.
The better the connectivity of the area, the more companies it will attract. Businesses look forward to a reduced commute time so their employees don’t face any problems. The Noida Expressway is surely a good location for setting up offices and with more companies moving here, the demand for office space increases.
Improved Infrastructure and Amenities
When we talk about infrastructure development, it includes educational institutes, hospitals & clinics, shopping malls & retail stores, entertainment facilities and not just the roads. It’s all a part of social development that has made the region more attractive.
The presence of modern infrastructure and amenities has definitely brought the attention of many companies towards the office space for rent on the Noida Expressway. After all, anyone would love to work where the quality of life is good. Businesses have understood this need and therefore looking to have their setup here.
Proximity to Residential Areas
The region is close to the well-developed residential areas which further impacts the demand for office space for rent in noida expressway. Many sectors along the expressway have numerous residential projects which means that people could live close to their offices and therefore, they won’t have to take long commutes or stay in traffic for hours. This surely improves the work-life balance.
Businesses also prefer employees that come from nearby and workers prefer offices near their homes. This makes it easier to hire people and those on board stay for longer. The presence of amazing residential sectors is also behind the demand for office space for rent on the Noida Expressway.
Growth of IT and Tech Parks
The estbalishment of several major companies in the Noida Expressway has also made it a hub for IT and tech parks. It has contributed a lot by creating a thriving business ecosystem and bringing more companies to the region. We can’t overlook the infrastructural development like high-speed internet connectivity, uninterrupted power supply, and modern office spaces that these companies need because it has clearly fueled the demand for office space for rent in the Noida Expressway.
As more tech companies are choosing to work from this region, the demand for workspaces here continues to grow. The development is rising to make the area more attractive and of course, the property prices will also follow.
Government Initiatives and Policies
The Noida government with its commendable initiatives and wonderful policies has also backed the infrastructure development in the area. The authorities have really encouraged commercial development including office space rent in Noida Expressway by offering incentives for developers, making it easy to acquire land here and other such policies.
Supportive government policies have made more businesses interested in office spaces on the Noida Expressway. There is no shortage of demand for different sizes of office spaces and these government policies have only boosted the demand. Hence, the region’s commercial real estate is booming.
Future Prospects
With so many upcoming projects lined up, the Noida Expressway looks more promising. The demand for office spaces is also influenced by the news of the Jewar International Airport on the way. There’s an upcoming metro link to the airport and there’s also an expansion of the Noida-Greater Noida Expressway on the cards and all of this will only enhance connectivity and accessibility in the region.
As all these infrastructure projects come to their completion stage, the Noida Expressway is going to be so much in demand; a lot more than it is now. Businesses will be more drawn to the area because it will connect to other regions well and of course, because of its growth potential.
Conclusion
With so many commercial real estate and infrastructure developments in the Noida Expressway in the region, the area is enjoying its glory. It ticks all the boxes of the checklist of a perfect location for business and therefore, the demand for office spaces in Noida Expressway is completely justified. As future projects get completed, it will become one of the most sought-after business locations in the NCR.
