The real-estate market in Delhi NCR is looking up with several top MNCs, primarily from IT and IT-enabled sectors, setting up operations here, according to a study.
A host of firms in IT and BPO sectors are choosing Noida for their operations, leading to greater demand for commercial office space here, said the study by international real-estate. Even as it predicts a further increase in demand, the study said the supply of commercial office space would match it.
A host of firms in IT and BPO sectors are choosing Noida for their operations, leading to greater demand for commercial office space here, said the study by international real-estate. Even as it predicts a further increase in demand, the study said the supply of commercial office space would match it.
The first few months of 2004 witnessed buoyed activity in real estate market here with an aggregate absorption of around 700,000 sq.ft of commercial office space. Of this, around 30-40 per cent comprises space commitments for projects under construction, it said.
A proactive government policy is one factor aiding companies to select Chennai for their operations. "The green channel clearance of approvals and the proactive government approach have attracted developers from outside," the study said.
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