Posted By: 03 Oct 2024
By: Amit Bhati
Views: 356
With the growth of the Indian economy and startup culture, the demand for office spaces has been rising very fast. In 2024, India saw more than 20 million square feet of office space being rented out, which is the highest in the history of the Indian office market. In 2020, Noida alone recorded about 2.2 million square feet of office space leasing, and as per experts, the demand for office space in Noida is expected to increase by 20 to 30% in the coming years.
Greater Noida, which is an extension of Noida, has seen incredible growth in its commercial real estate sector. It benefits from Noida’s great location, strong infrastructure, and supportive business environment. Several reasons contribute to the rising demand for office space:
To meet this demand, builders are constantly developing new projects. One of the most promising projects is the Trehan IRIS Broadway Noida, which is set to be the top commercial project in Greater Noida.
Trehan Group is a well-known name in Delhi-NCR. They are third-generation builders known for their legendary projects like Tihar Jail, the Supreme Court, and Sanchar Bhawan. Now, they are developing the Trehan IRIS Broadway Greno West, which is expected to become one of the best commercial projects in Greater Noida. Construction is in its final phase, and the project is expected to be ready by June 2025.
The project is located on a 130-meter wide Noida-Greater Noida Link Road and spreads over 3.75 acres of fully commercial land. The location provides excellent connectivity with roads, highways, expressways, and metro lines linking it to Noida, Delhi, Ghaziabad, Meerut, Faridabad, and Gurugram. With the upcoming metro line and Jewar International Airport, it will further enhance inter-city, national, and international connectivity.
There are currently around 3 lakh people living and working within 5 km of the project, and this number is expected to grow to over 8 lakhs soon. The project will offer retail shops, food courts, restaurants, banquet halls, a JW Marriott hotel, and office spaces.
Trehan IRIS Broadway Greno West will feature a special office tower called OMEGA Tower. This 10-story building will have offices from the 7th to the 18th floors, with a separate entrance, exit, and parking area for office workers. The offices will be available as lockable spaces with several additional benefits.
In conclusion, the demand for office spaces in Noida and Greater Noida is only going to rise as the area grows and attracts more businesses. Noida’s excellent infrastructure, affordable office spaces, and great connectivity make it an ideal place for companies to invest in office space. The expected 20-30% increase in demand over the coming years points to even more growth.
One of the standout projects meeting this demand is Trehan IRIS Broadway Greno West. With its prime location on the Noida-Greater Noida Link Road and a range of modern features like a dedicated office tower, high-end dining options, and a JW Marriott hotel, this project is set to be a major commercial hub in the area. It offers a complete commercial environment, making it a smart investment for businesses looking to grow in this booming region.
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