Best Locations in Delhi to buy Office Space

Published: September 22, 2009

In view of the edge that Delhi offers over many other metros, like better connectivity, infrastructure and easier availability of professional work, every company wants to have an office space in Delhi. There has also been an increase in the demand for office space for rent in Delhi as well. This is also evident from the fact that many developers show keen interest in developing commercial complexes rather than residential ones. Delhi has been one of the most important outsourcing hubs apart from Mumbai and Bangalore. With more and more IT/ITES companies setting up their feet in the city, has also caused the office space prices in Delhi to reach the skies. Delhi was ranked 12th most expensive place for offices by a survey. While the demand of the market is increasing, the supply is mostly concentrated in the Gurgaon, Noida and Faridabad region as compared to Delhi. For Delhi, the capital values market has shown a stable market even during slowdown and is likely to go on the rise.

Leasing activities have been witnessing a slowdown for the past few months, but rental values will soon get back to normal. Leasing enquiries have started to show a gradual increase. The rental values market will stabilize, giving people who are looking for space as well as people owning space, both, a sigh of relief.

The most popular locations for office space still happen to be the costliest and the preferred choice for big companies and MNCs:

Area Average Price Per Sqft (INR) Average Rents Per Sqft (INR)
Connaught Place 31117 142
Ashram 21009 101
Nehru Place 17732 136
Netaji Subhash Place 14272 91
Rohini 13646 75

Source: Delhi Office Space Data on as on 11th September 2009

Delhi’s Most Popular Office Space Locations

Though, the following localities might be a good option for investors and buyers as well. These happen to be lighter on the pocket and are ideal for small companies and people, not willing to invest a lot. These are actually a smart choice to invest and get good value for you money.

Area Average Price Per Sqft (INR) Average Rents Per Sqft (INR)
Malviya Nagar 11012 80
Lakshmi Nagar 9697 69
Vikas Marg 7505 87
Satya Niketan 5869 64

Source: Delhi Office Space Properties Data on as on 11th September 2009

Delhi’s Best Office Space Locations

Apart from these, there are a few options like Pandav Nagar, Uttam Nagar etc. where price per sqft can be as low as 2000 Rs. and rent in the areas like Chirag Delhi and Patparganj can be 28-37 Rs. per sqft. But for corporates, the first choice is amongst the top localities mentioned above and these economical localities are sought after by very small size institutions and organizations.

Posted under categories: Buying Property, Indian Real Estate, Property Rates
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Zamanzar Advisory Pvt. Ltd. is a real estate advisory firm located in New Delhi, India. We offer online property search tools and offline services to help complete the transaction. Our services cater to real estate buyers, renters, and sellers. Visit Zamanzar to find out more!

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