Connaught Place – The strong growth engine of commercial real estate segment in Delhi-NCR
Updated: August 29, 2022 12:22 STI
New Delhi [India], Aug 29 (ANI/ATK): Delhi’s Connaught Place is a central business district. As one of India’s costliest office markets, CP has always been a prime office destination for domestic and global corporations due to its strategic location in central Delhi, remarkable connectivity and robust infrastructure. . Over the years, it has always witnessed significant commercial real estate dynamism, displaying constant rents, stable occupancy and vacancy levels.
Behind the scenes, the commercial property market in Connaught Place is unorganized due to huge strata sales and small individual investors owning the properties in the area. Unlike the Gurugram and Noida markets which are mostly dominated by developers and businesses, you have to deal, and sometimes negotiate, with multiple landlords to close the deal on the best rental terms. Over time, buildings require more maintenance and financial institutions prefer strategically located spaces. Thus, the limited supply of Grade A buildings, like Birla Tower, Hindustan Times House, DLF Capital Point and a few others, has been a major contributor to increasing rents in the territory.
This is where a trusted real estate advisor plays a pivotal role in closing professional deals with an honest and transparent approach. India’s largest commercial real estate consultancy firm, Realtors Realtors has over 2 decades of experience and expertise in real estate consultancy and consultancy. Deploying innovative offerings, it provides end-to-end, streamlined and personalized real estate solutions in more than 425 cities across the country through its extensive network. Over the years, he has significantly contributed in transforming Delhi’s commercial real estate dynamics by brokering 1.5 to 2 million sq.ft. Currently, the Central Delhi market is showing occupancy levels of 87% across 15 million square feet of inventory space.
With its extensive knowledge of the market and deep understanding of business trends and objectives, Realtors Realtors has secured prestigious rental deals in the Delhi market for its valued clients such as:
ICICI Bank – 46,450 square feet
Tata Capital Financial Services – 31,310 square feet
Byju’s – 30,000 square feet
DBS Bank – 30,000 square feet
HDFC Bank – 30,000 square feet
Cloudnine Hospitals – 27,000 square feet
Kotak Mahindra Bank – 19,000 square feet
Awfis Space Solution – 11,000 square feet
Avanta Business Center – 16,000 square feet
L&T Finance – 20,000 square feet
SBI Capital – 15,638 square feet
HDFC Life Insurance – 15,000 square feet
Reliance Projects & Property Management Services – 14,826 square feet
LG India – 13,000 square feet
NEC Corporation – 10,000 square feet
As Connaught Place evolves, so do tenant requirements. With the rise in demand for flexible spaces, coworking service providers like Awfis, Skootr, and Avanta are providing growth opportunities for start-ups and businesses. Realtors Realtors will continue to create a lasting impact in this transformation by perfectly meeting the expectations of its customers in terms of commercial real estate.
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