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NCR accounts for 20% market share of annual commercial leasing volumes

While Gurugram is expected to remain the dominating office market in NCR, Noida is likely to be transformed into an affordable commercial hub. Improved infrastructure, enhanced metro connectivity, presence of premium buildings and new upcoming SEZ and non-SEZ supply continues to attract multinationals and corporate bodies across the globe to the National Capital Region (NCR) that is now the second largest office market with 20 percent share of the annual nationwide leasing volume, says a report by Colliers Research. As per Colliers Research, the NCR should retain its dominance in office demand over the next five years, it says.

Source : NAREDCO