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It was 1990’s that India for the first time opened up its economy to the rest of the world and a decade past, India is walking the fast track in the growth and development. Today Delhi, along with Mumbai is among the world's 10 most expensive cities where you need to spend your fortune to rent an office space. As goes the reports of CB Richard Ellis Group's semi-annual global market rents survey, Delhi happens to have the world's seventh most expensive office market. Last November it was in the eighth place and it climbed one slot higher within a year. Office Space market in Delhi has expanded by 15.3 percent over the past year.
The high cost of Office Space rental in Delhi reflects the fact that the supply in Office Space can not match the demands and the demands for office rental are rising day by day. There are many reasons why top MNCs of the world are opening their offices in Delhi. India offers a set of unique advantages which her other Asian neighbors can’t. As for example, nowhere in the world you will get skilled, English speaking labor for such low price. A pool of talented professionals, low wage, quality of work---there are a number of advantages that can not be available in other Asian countries such as China, Philippines or Malaysia. Add to it the Government’s investment friendly initiatives and infrastructures and you will easily understand why certain cities of India have become the favored destination of the foreign investors. And Delhi and NCR is the most promising among them.
The Office Space is the most crucial part of the infrastructure. In modern work culture, the place where you spend most part of the day is very important. In the HR policies of the leading companies, the condition of the work place occupies a place of interest. The place from where you work does affect the quality of your work. So all the Corporate Houses invest a lot of resource in finding the right office space.
The ideal Office Space should properly support the industry requirements. As for example, the Office Space for a manufacturing company should differ in look and feel and facilities from that of a call center that follow a 24x7 format.
So far as Delhi is concerned, finding an Office Space pf your choice is extremely hassle- free, even if they may cost you a bit more than of the other metro cities in India. Be it a software park or offices of investment companies, manufacturing companies or aviation centers---customized Office Spaces in Delhi can be easily found in your chosen localities and with all international standard office facilities. So what does it matter if office rental market in Delhi is among the costliest in the world? The well equipped Office Spaces are well worth of your money; invest in them, rent them or lease them—you will surely be awarded by bigger returns.
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