Noida News: The Noida Expressway is swiftly becoming the go-to destination for retail space, thanks to significant infrastructural developments, enhanced connectivity, and increasing population density. This corridor is seeing a rising demand for various projects such as Shop-cum-Offices, mixed-use commercial spaces, and high-street projects. End-users are increasingly viewing these developments as integrated hubs for entertainment, recreation, and workspace, driving the retail boom.
Are Yamuna and Noida Expressways Becoming the New Commercial Hotspots in NCR
The Indian commercial real estate sector is experiencing a prosperous phase, with the market valued at USD 40.71 billion in 2024 and projected to grow at a CAGR of 21.10%, reaching USD 106.05 billion by 2029, according to a study by Mordor Intelligence. Industry experts believe that the Noida Expressway, along with the Yamuna Expressway, is at the forefront of this golden period, becoming premier investment destinations for retail and commercial properties.
Connectivity is a pivotal factor attracting investors to the Noida Expressway. This key corridor not only offers seamless connectivity between Noida and Greater Noida but also links to the Yamuna Expressway, connecting it to major cities in Uttar Pradesh and the upcoming Jewar Airport. The proximity to Jewar Airport has transformed the area into a bustling hub for office expansions, data center setups, and an increase in retail space leasing deals.
Grade-A office spaces are poised to attract substantial investments
A joint study by FICCI and Colliers International highlights that over 50% of office demand in 2024 is expected to come from domestic companies. Grade-A office spaces are poised to attract substantial investments, while flexible working spaces are projected to account for 15-20% of overall leasing. Similarly, a JLL report indicates that new retail real estate supply is expected to grow by 45% from the current 91 million sq ft across seven major cities by 2028, with Delhi-NCR contributing 34% to this expansion.
The local environment plays a significant role in attracting investors and consumers alike. The Noida Expressway boasts a well-planned urban infrastructure with wide roads, ample parking, and modern amenities, making it highly appealing for retail businesses. The proliferation of IT parks and business hubs along the expressway ensures higher footfalls and robust investment interest.
With these developments, the Noida Expressway is set to redefine the retail and commercial landscape, making it a nucleus of economic activity and growth in the region.
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