Rise of Noida Expressway as a Retail Real Estate Hub
Discover why Noida Expressway is becoming the most preferable destination for retail space supply
Real EstateNoida ExpresswayRetail SpaceCommercial PropertyIndiaReal Estate MumbaiMay 28, 2024
India's commercial real estate is undergoing a palmy period with its market size valued at USD 40.71 billion (2024) and is anticipated to upsize at a CAGR of 21.10% and reach USD 106.05 billion by 2029, according to Mordor Intelligence's study.
Connectivity, by far, is the most studied and central aspect of a corridor creating buzz and attracting investors. In the case of the Noida Expressway, a sole factor is not responsible. It not only offers seamless connectivity between Noida and Greater Noida but also to Yamuna Expressway which directly links it to many important cities of Uttar Pradesh and most importantly, to the upcoming Jewar Airport or Noida International Airport.
The industry forecasts for office, as well as retail space leases, reveal fascinating statistics. As per a joint study by FICCI & Colliers International, over 50% of office demand is most likely to crop up from domestic companies in 2024. While Grade-A office spaces will be at the top of the game alluring plentiful investors, flex working spaces will also attract 15-20% of the overall leasing.
In addition to confidence-boosting figures, the local environment also plays a dominant role in pulling crowds and attracting investors to a particular region. Noida Expressway is supported by a well-planned urban development, with wide roads, ample parking, and modern amenities, making it highly attractive for retail businesses.
Noida Expressway is becoming the most preferable destination for retail space supply boost, underscoring rapid strides in the areas of infrastructural developments, connectivity, and population density.
Orion One 32 is a leading real estate developer in India, known for its expertise in creating vibrant commercial and retail spaces. The company's director, Dushyant Singh, is a renowned expert in the field of real estate and has been instrumental in shaping the retail landscape of India.
Frequently Asked Questions
What is the current market size of India's commercial real estate?
USD 40 71 billion (2024)
What is the expected CAGR of India's commercial real estate market?
21 10%
What is the expected rise in new supply of retail real estate space by 2028?
45% from the current 91 mn sq ft across seven major cities
What is the expected addition to Delhi-NCR's retail stock supply?
34%
What is the key factor driving the growth of Noida Expressway as a retail hub?
Supreme connectivity and well-planned urban development
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