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Noida is one of the most happening places in the National Capital Region and is a perfect destination for commercial property investment. The city offers excellent infrastructure and connectivity, making it an ideal choice for businesses looking to set up shop in the NCR. Lets have a look at best locations for commercial property investment in Noida.
Factors to consider while choosing a location for commercial property investment
There are many factors to consider when choosing a location for commercial property investment. Some of the important factors are listed below:
1. Accessibility: The location should be easily accessible by public transport as well as private vehicles.
2. Infrastructure: The infrastructure of the area should be well-developed with access to water, electricity, and other basic amenities.
3. Proximity to residential areas: The location should be close to residential areas so that potential customers can easily reach your business.
4. Rental yield: The rental yield of the area should be high so that you can earn a good return on your investment.
5. Future growth potential: The location should have the potential for future growth so that your investment appreciates over time.
Clusters and sectors for buying commercial Property in Noida
The best locations for commercial investment in Noida can be treated as clusters made up of adjacent and nearby sectors. These clusters offer a mix of office space, retail space, and hospitality options, and are well-connected to the city’s infrastructure.
Sector 16 and sector 18| established CBD, Noida
If you’re looking to invest in commercial property in Noida, the CBD (commercial business district) is a great option. It’s the city’s oldest sector and contains well-known landmarks like the Atta market and large malls, such as GIP and the Mall of India. Plus, most media houses have studios in Noida Film City, which is located in Sector 16. While there’s limited land availability for further development, the CBD is still one of the most developed locations in Noida.
Why invest in commercial property in Sector 16 and Sector 18?
- Established location: This makes for stabilized yield rates, minimum speculation in pricing, and more predictable returns.
- Premium location: This is the most premium cluster in Noida and is the best alternative to Delhi
Location and connectivity
It’s situated at the entrance of Noida and well connected to Delhi via DND and Kalinda Kunj roads. It’s well connected via the blue line and the Magenta line of the DMRC metro network to other parts of Noida and Delhi. And, to top it all, an under-construction elevated corridor from Bhangel in Noida to Mayur Vihar in Delhi is expected to enhance connectivity even further.
Catchment area
If you’re looking for commercial property investment in Noida, two of the most premium locations are Sector 16 and Sector 18. They’re well connected to Delhi and all parts of Noida, so they have the widest catchment area. There are plenty of residential options nearby, so it’s easier to attract tenants in this cluster.
Rental and Pricing
If you’re looking for commercial property in Sector 16, and/or Sector 18, you can expect to find
- Office rental in the range of INR 55-90 per Sq. Ft. per month
- Prices for offices in this area are typically in the range of INR 11,000 – 14,000 per Sq. Ft.
- Rentals for shops are in the range of INR 160-350 per Sq. Ft. per month
- Retail shops are usually available in the range of INR 40,000 – 50,000 per Sq. Ft.
Please note that these prices are subject to change due to market conditions and availability.
Commercial and IT/ITES projects
Sector 16 and Sector 18 are particularly popular choices, due to the presence of key completed projects such as Delhi One Max Tower, Burger Tower, Wave One Silver Tower, World Trade Tower, Carnoustie Tower, Logix IT Park, and Pinnacle Business Park., and under construction projects such as Wave One, which is set to be a landmark for Noida.
Future outlook
If you’re looking for stability in pricing and rental, commercial property in Sector 16 and Sector 18 is a good option. There’s limited new supply due to the limited availability of land parcels, so there’s potential for future growth. Keep in mind that prices and rentals have stabilized in this area, so don’t expect any major changes in the short term. However, these sectors will always remain as the CBD of Noida and will continue to grow in importance, making them a safe investment choice.
Sector 62 and sector 63| along Meerut expressway, Noida
Sectors 62 and 63 are well-known for their booming IT/ITES sector. About 30-35% of all IT/ITES office space in Noida is located in these two sectors. They are also home to major institutions such as CDAC, Jaypee Colleges, IGNOU, ICAI, and ICSI. It is the best location available for affordable IT/ITES buildings
Why invest in commercial property in Sector 62 and Sector 63 in Noida?
- Ample availability of IT/ITES developments in projects that are ready to occupy and under construction
- The price is lower than average when compared to other areas in Noida.
- Established market, with higher occupancy levels in offices of IT/ITES developments
- IT/ITES offices in smaller sizes are available in plenty in this cluster.
Location and connectivity
Sectors 62 and 63 are along Noida’s Northern border and have great connectivity with Delhi via the Blue line of the Delhi Metro. This zone is well connected to different parts of the city via a good network of roads and public transport. Additionally, the location is ideal for businesses that want to be close to the city but still have good access to transport links.
Catchment area
It’s worth noting that there is a large catchment of potential customers and employees, with plenty of residential options in the form of apartments and plots in neighbouring sectors. Additionally, the Central Noida cluster of sectors 74-79 provides even more residential options for the workforce
Rental and pricing
If you’re seeking commercial property in Sector 62 and Sector 63 you can expect to find
- Office rental prices in the range of INR 35-48 per Sq. Ft. per month.
- Prices for offices in this area are in the range of INR 6,300 – 8,500 per Sq. Ft.
- Rentals for shops are in the range of INR 75-130 per Sq. Ft. per month.
- Retail shops are usually available in the range of INR 20,000 – 25,000 per Sq. Ft.
Please be aware that these prices are fluid and may change depending on the market and availability.
Corporates present
Some major corporates present in Sector 62 and Sector 63 of Noida include Erricson, TCS, Nucleus Software, Fiserve, Barclays, Motherson Technology, and Samsung. It is also home to a number of small and medium-sized enterprises (SMEs) and startups.
Commercial and IT/ITES Projects
There is a slew of IT/ITES projects in Sector 62 and 63, Noida. Some of the popular completed commercial and IT/ITES projects in Sector 62 and Sector 63 include Ithum, Noida One, Stellar IT Park, Okaya Blue Silicon, Knowledge Boulevard, Green Boulevard, IDFC Galaxy, and Logix Cyber Park. Key under construction commercial projects in these areas include Master’s Capitol Avenue-IT/ITES and Krishna Apra One State-IT/ITES. These projects are sure to attract a lot of attention from commercial property buyers in Noida.
Future Outlook
Sectors 62 and 63 in Noida are ideal for commercial property purchasers searching for a high-occupancy location with little land available for future development. This implies that rental and pricing will rise in the medium to long term. However, most of the land in these sectors has already been developed, thus prices and rental rates are already set. If you’re a risk-averse investor or an end user looking for a good area, this is an excellent choice.
Sector 52, sector 73, and Sector 75| Central Noida
Why invest in Commercial property in Central Noida?
- High-density residential catchments, ensuring good footfalls
- Excellent mix of prime real estate location, accessibility, and infrastructure, making them ideal for retail and small office formats.
- Limited supply of commercial projects in this cluster
Location and Connectivity
These sectors in Central Noida, are located near the blue line metro station of sector 52 and the Aqua line of NMRC. Additionally, sector 75 Noida is located opposite sector 50, which is a premium residential sector of Noida. Sector 75 has excellent visibility as it is located on the main arterial road which connects the Meerut expressway to Noida Greater Noida Expressway.
Catchment area
This cluster is among the most densely populated regions in Noida. The customer base in Sectors 52, 73, and 75 is largely made up of young professionals and families who are looking for convenient locations to shop, eat and relax. This makes these sectors ideal for businesses such as retail stores, restaurants, and cafes.
Rental and pricing
If you’re looking for commercial property in Sector 52, Sector 73, and/or Sector 75, you can expect to find
- Prices for offices in this area are in the range of INR 6,000 – 9,500 per Sq. Ft.
- Rentals for shops are in the range of INR 100-200 per Sq. Ft.
- Retail shops are usually available in the range of INR 28,000 – 38,000 per Sq. Ft.
Please be advised that this pricing is ever-changing and may change with the market and availability.
Commercial and IT/ITES projects
There are a limited number of upcoming projects in Sector 52, Sector 73, and Sector 75. These projects are sure to be of interest to any commercial property investor. The projects here are Spectrum Metro, Anthurium, and MMR 52nd Avenue, all of which offer a variety of different commercial spaces that would be perfect for any business. These projects are set to bring several new shops and businesses to the area filling the demand-supply gap for this region.
Future Outlook
There is a large population living in this cluster as well as neighboring sectors, making it a highly desirable location for commercial retail property investment. Prices and rental rates are expected to rise in the short to medium term due to the limited availability of commercial land in these sectors. The Noida Metro is set to expand to Greater Noida west, which will further improve connectivity and increase demand for offices and retail space in these sectors. Investors seeking to capitalize on the future potential of commercial property in Noida should consider investing in Sector 52, Sector 73, and Sector 75.
Sector 96, sector 97, and sector 98| Along Noida Greater Noida Expressway on the Eastern side, in Noida
Why invest in commercial property in sector 96, sector 97, and sector 98?
- Superior visibility: This cluster is located parallel to Noida Greater Noida Expressway
- A high-end neighbourhood: Affluent catchment in the immediate vicinity
Location and connectivity
This cluster is located along the Noida Greater Noida expressway and the commercial belt in these sectors has significant frontage along Noida Expressway.
These sectors have connectivity through the Noida expressway and Vishwakarma Road. The nearest metro station is the Botanical Garden metro station which is approx. 5-6 kms from here.
Catchment
These sectors are located near the residential clusters of Sectors 43, 44, 45, 96,97, 98, 93, 104, 107, and 108. which are home to several high-end projects, enjoying good occupancy levels.
Rental and pricing
If you’re seeking commercial property in Sector 96, Sector 97, or Sector 98, you can expect to find
- Office rental prices in the range of INR 50-65 per Sq. Ft.
- Prices for offices in this area are typically in the range of INR 9,500 – 12,000 per Sq. Ft.
- Rentals for shops are in the range of INR 100-180 per Sq. Ft. per month
- Retail shops are usually available in the range of INR 27,000 – 29,000 per Sq. Ft.
Please keep in mind that these prices are subject to change depending on the market and availability.
Corporates present
Here is some information that may be helpful to you, as a commercial property buyer in Noida
- Paytm, Unifrax, etc are some of the corporates present in these sectors. Paytm has taken 5.5 lacs sq. ft of space for 5,000 seats.
- There is also a presence of retail and F&B brands such as Shoppers stop, Dominos, Starbucks, Haldiram, etc.
Going by the large-scale space leasing done by Paytm it is expected that many corporates will follow the suit and will take up space in this cluster.
Commercial and IT/ITES projects
There are limited completed and under-construction commercial projects in Sector 96, Sector 97, and Sector 98. Skymark One at Sector 98 and E square at Sector 96 are completed, whereas Mall of Noida, Sikka Downtown, and Sikka Kapital Grand in Sector 98 are under construction.
Future Outlook
The commercial property market in Sector 96, Sector 97, and Sector 98 is expected to see an increase in demand in the short to medium term. This is due to the affluent catchment present around this cluster. There is the availability of land parcels in this cluster, which may be released by Noida Authority, in the future. This makes it a prime location for investing in commercial property.
Sector 90, sector 140A, sector 142, and sector 144| along Noida Greater Noida expressway on the eastern side abutting FNG, Noida
Why invest in commercial property in sector 90, sector 140A, sector 142, and sector 144?
- Smaller Investment Options: This cluster has multiple investment options starting from 10-15 lacs, making it accessible for smaller investors.
- Significant leasing activity: We work has taken 6.6 lacs sq. ft. of space in Bhutani Alphathum which is an indicator of significant demand going forward.
- Emerging Location: Under construction FNG, Proposed ISBT, Delhi Varanasi High-Speed Rail Corridor’s proposed station at Sector 144, promises a good future for this cluster since this location is still in the emerging stage, higher appreciation in pricing and rental is expected once it is established.
Location and Connectivity
This cluster is located along the Noida Greater Noida Expressway and the under-construction FNG – Faridabad Noida Ghaziabad Expressway.
It’s well connected to the rest of the city via the Noida-Greater Noida Expressway, Sector Roads, and Noida Metro. The metro aqua line connects the above sectors, with stations in sectors 143 and 144 making them easily accessible for commuters. The completion of FNG will ensure quick connectivity of this zone with Faridabad and Ghaziabad
Catchment
These sectors are located near residential clusters of sectors 137, 142/ 143 which have around 20,000- 25,000 ready-to-move-in apartments. There is a significant supply of under-construction property in the catchment area, which will provide businesses with even more opportunities to benefit from in the future.
Rental and pricing
If you’re seeking commercial property in Sector 90, Sector 140A, Sector 142, and Sector 144, you can expect to find
- Office rental prices in the range of INR 40-55 / Sq. Ft.
- Prices for offices in this area are typically in the range of INR 4,000 – 9,500 / Sq. Ft.
- Rentals for shops are in the range of INR 90-150 / Sq. Ft.
- Retail shops are usually available in the range of INR 19,000 – 30,000 / Sq. Ft.
Please keep in mind that these prices are subject to change depending on the market and availability.
Corporates Present
Here is some information on the major corporates present in this cluster that may be helpful to you as a commercial property investor
- Metlife, E&Y, Mentor Graphics, Microsoft, Global Logic, and EXL Services are some of the corporates present in these sectors.
- These sectors are home to a variety of businesses, ranging from IT and software companies to BPOs and KPOs.
The presence of these corporates provides ample opportunities for growth and development in these sectors.
Commercial and IT/ITES Projects
There are completed and under-construction commercial projects in sector 90, sector 140A, sector 142, and sector 144. Some of the completed projects include Advant Navis -IT/ITES, Ansal Business Parks-IT/ITES, and Candor SEZ. There are also several under-construction projects, like Bhutani Alphatum at Sector 140 A-IT/ITES, Bhutani Cyberthum at Sector 140 A-IT/ITES, and Fair Fox EON at Sector 140 A-IT/ITES.
Future Outlook
This cluster is expected to become a hub for large corporates with the presence of campus-type, large-size developments. This is one of the most emerging clusters for commercial development in Noida and hence more appreciation in pricing and rentals can be expected in this zone. If you are looking for a commercial property in Noida, then this cluster should definitely be on your radar.
Sector 128, sector 129, sector 132, and sector 135| along Noida Greater Noida expressway towards the Yamuna, Noida
Why invest in commercial property in sector 128, sector 129, sector 132, and sector 135?
- Established location with good present and upcoming catchment
- Presence of all commercial property types: This cluster has both development types (IT/ITES and commercial) and includes offices, retail units, food courts, and serviced studios.
- Presence of new, under-construction and ready-to-move-in projects
Location and Connectivity
This cluster is located on the western side of the expressway and adjoins Jaypee Wish Town.
It enjoys good connectivity via the Band Road adjoining River Yamuna and The Noida Greater Noida Expressway. Furthermore, there is a proposal to extend the NMRC Aqua line to the Botanical Garden station, which will pass through this area and improve connectivity.
Catchment
This cluster adjoins Jaypee Wish Town, an integrated township that is home to 30,000 apartments. With the significant amount of future supply and projects under construction in the area, the footfalls in commercial properties are expected to only increase in the coming years
Rental and pricing
If you’re seeking commercial property in Sector 128, Sector 129, Sector 132, and Sector 135 you can expect to find
- Office rental prices in the range of INR 40-50 / Sq. Ft.
- Prices for offices in this area are typically in the range of INR 5,900 – 10,500 / Sq. Ft.
- Rentals for shops are in the range of INR 90-150 / Sq. Ft.
- Retail shops are usually available in the range of INR 23,500 – 42,000 / Sq. Ft.
Consumers should be aware that this pricing may alter based on market conditions and availability.
Corporates present
Sector 128, sector 129, sector 132, and sector 135 are well-known for being home to a number of corporate giants. Wipro, Adobe, SIFY, TCS, Genpact, Capgemini, and Cognizant are just some of the big names that have made these sectors their base.
Commercial and IT/ITES projects
Some key completed projects include Urbtech Trade Centre, Candor Tech Space, Assotech Business Crestera, Express Trade Tower, AIPL Green Fort (SIFY), Logix Technova, ATS Bouquet, Urbtech Matrix Tower, and Gulshan one29-commercial. Currently under construction are Paras Avenue at Sector 129-commercial, Saya-Piaza at 131-Commercial, Orion One32 at Sector 132-IT/ITES, and WTC Noida CBD at Sector 132-IT/ITES.
Future Outlook
The location is part of the alternate business district and is poised to emerge as a prime commercial location. In the medium to long term, retail spaces are expected to see increased demand, with large-scale residential supply coming in this cluster. The construction of the proposed Noida Metro Phases 2 and 3, connecting sector 142 to the Botanical along the expressway, is expected to give a further boost to the location. So, if you’re thinking of investing in commercial property in this area, the future looks promising!
Conclusion
So, these are some of the best locations for commercial property investment in Noida. If you are looking for a good return on your investment, then choosing a location in one of these clusters would be a wise decision. However, it is important to do your research and take into account all the factors mentioned in this article before investing.
You can check out the article ‘best location to buy a residential property in Noida‘ if you are interested in residential property. Do let us know how you go about finding the right location for your business and if you have any questions, we will be happy to help.
