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Preferred Destination for Growth of Commercial Real
Estate- Gurgaon-Manesar and NOIDA-Greater NOIDA January 2015
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Table of Contents
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• Why to invest in Gurgaon - Manesar?
• Gurgaon- Manesar :
• Infrastructure - Current & Proposed
• Supply – Absorption Trend
• Gurgaon - Manesar Present & Next 5 years Investment Destinations
• Rent – Capital Trend
• Colliers View
• Why to invest in NOIDA - Greater NOIDA
• NOIDA & Greater NOIDA:
• Infrastructure - Current & Proposed
• Supply – Absorption Trend
• NOIDA - Greater NOIDA - Current & Next 5 years Investment Locations
• Rent – Capital Trend
• Colliers View
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Why to invest in Gurgaon – Manesar?
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• Availability of Talent Pool due to its proximity to Delhi, where over 165 colleges, 5 medical colleges, 8
engineering colleges, 7 major universities & 9 deemed universities are there.
• Quality Structures on premium locations like DLF Cyber City, M.G Road, Golf Course Road
• World-class Facilities and Amenities attracts MNCs majorly from IT/ITeS, Telecom & BFSI sector and
at present city home to about 250 Fortune 500 companies
• Twin benefits – Government Support and Private Sector Efficiency
• City balance the Social Efficacy with international class malls & high street, multi facility hospitals
,over 1,100 of residential sky scrapers and other sports and recreational facilities
• Gurgaon is the 3rd highest per capita income city of India
• Gurgaon – Manesar, Global Business Eco City is the 6th best business hub in India
• All possible major Infrastructure like international & domestic airport, Inter state railway network, metro
& rapid metro connectivity, fully functional arterial road network
Key Reasons
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Gurgaon – Manesar
4Major Road Links
NH 8
Dwaraka Expressway
KMP
M G Road
Golf Course Road
Golf Course Road Ext.
Sohna Road
South Periphery Road
Operational Metro Under & Proposed Construction Metro
INR 85 -140
INR 55 - 75
INR 55 - 75
INR 55 - 75
Current Rental Values
INR 90 - 140
INR 50 - 150
INR 55 - 75
Manesar
INR 85 - 90DLF Cyber city
INR 35 - 40Udyog ihar
3 MN SQ FT Avg. New Supply
5 MN SQ FT Avg. Absorption
- Gurgaon
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Gurgaon - Manesar Present & Next 5
years Investment Destinations
5
Average Rental & Capital Value Trend
• We expect these tenants to commit to large office spaces, especially in Special Economic Zones. Supply demand
equilibrium will keep rents in check in peripheral locations; however, rents in micro-markets like Cyber City, Udyog Vihar
and NH8 will continue to strengthen further.
• Golf Course Road and its Extension Road are positioning themselves as significant future development destinations with
large upcoming supply. However, the development of Golf Course Road and Golf Course Extension Road will be tied to
Metro projects and 16 lane highway which are set to serve this market by 2016.
Current Investment
locations
Next 5 years
Investment
locations
• Sector 32 - 44• Golf Course Road• Manesar
• Southern Peripheral Road
• Golf Course Road Extension,
• Sector 82• Northern Peripheral
Road
Colliers View
Average Capital INR 9,836
Average Rent INR 69
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Why to invest in NOIDA – Greater
NOIDA?
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• NOIDA is more easily accessible from Delhi as compared to Gurgaon. The distance between the
capital city and NOIDA has been reduced to a great extent after the DND Flyover became operational
• NOIDA & Greater NOIDA is home to a number of MNCs, especially from IT/ITeS, automobile sector
situated at various sectors of the city
• Presence of big IT/ ITeS giants like IBM, Nokia, Microsoft, Sapient, Bloomberg, HCL, NIIT already
have there fully functional campus and offices
• Availability of cheap labor force in NOIDA & Greater NOIDA is also a huge reason for investors to
look at commercial properties
• NOIDA & Greater NOIDA house to a number of huge scaled affordable housing in around in various
stages completed, under construction and proposed
• NOIDA & Greater NOIDA authority is already working or is planning a lot of infrastructural
developments like metro connectivity routes, wide and elevated roads and a number of flyovers for
better connectivity and smooth traffic flow.
Key Reasons
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NOIDA – Greater NOIDA- Master plan
7Source: The Hindu
- NOIDA
3 MN SQ FT Avg. New Supply
2 MN SQ FT Avg. Absorption
NOIDA Greater NOIDA
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NOIDA – Greater NOIDA Present & Next 5
years Investment Destinations
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Current Investment
locations
Next 5 years
Investment
locations
NOIDA• Sector 16, 18 , 62• Film CityGreater NOIDA• In and around Buddha
Circuit
NOIDA• Sector 127 till Advant• ExpresswayGreater NOIDA• Yamuna Expressway
Average Rental & Capital Value Trend - NOIDA
Colliers View
• Occupiers, especially from IT/ITeS, will remain as the prime drivers, similar to 2014. Approximately 10 million sq ft of grade
A office space is at various stages of construction in NOIDA, which is expected to complete in next 3 years. However
market is likely to see limited new supply in 2015 as developers will refrain completing project and adding more
speculative supply until substantial leasing volumes return.
• The rents expected to increase marginally in medium term due to restricted new supply.
• In Greater NOIDA Current Investment Opportunities are in and around Buddha Circuit where ample availability of land
provides an opportunity for more development, especially for IT/ITeS MNCs.
Average Capital INR 8,200
Average Rent INR 65
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