For a very long time, Delhi has been renowned for its high prices and restricted supply. So, people who wanted to build an office or coworking space close to the NCR looked to its edges. Gurgaon is the Indian headquarters for 50% of corporate offices. The fact that there are commercial, industrial, and one can use corporate offices in the city explains why the city has grown.
Today, it is so full that people are starting to pay more attention to the nearby satellite city of Noida. India’s Noida has developed into an affluent and well-organized global metropolis. Initially, it was considered a central site for several industries. But the city’s reputation has changed dramatically since Microsoft leased 150,000 square feet of property in Noida to run a coworking space there.
Connectivity must be considered when choosing between Noida and Gurgaon as new residences. Due to its proximity to Delhi, Gurgaon has been the favorite choice for many years for office space for rent in Gurgaon.
Gurgaon, also known as a private city
Local businesses and citizens are exerting extraordinary efforts to get over the failings of the local government. Water, electricity, and sewage treatment are just a few of the essentials that private companies offer. It will involve expenses. Private enterprises that generate and distribute water are efficient. For example, real estate developers in Gurgaon must pump water from the ground, which contributes to groundwater depletion. Private energy generation is also efficient but harmful to the environment. Diesel-powered power plants are inefficient and expensive because private energy providers can’t take advantage of economies of scale. It means that there will be more corporate offices in Gurgaon. When private sewage systems break down or aren’t well taken care of, the waste ends on public property. Even with these problems, people who pay for these private services are usually happy with the increased availability of office space for rent in Gurgaon.
Why Gurgaon Is India’s biggest Office Space
Noida is farther from Delhi than some neighboring cities, yet it is well connected by road and metro. Using the metro or the DND flyover, it takes around 25 minutes to go from Noida to downtown Delhi from Noida. In contrast to neighboring Gurgaon, which has just two highways connecting it to Delhi, Noida has at least five. By building up the airport, Noida will become a better place for new businesses to start up.
- The city of Gurgaon was constructed from the ground up.
Creating cities from scratch may offer certain benefits. For instance, more business-friendly policies are easier to implement. When the agricultural property was more productive than today, or land in Gurgaon was already being used for good purposes, a land conversion would have been strongly opposed. Most of Gurgaon’s land that wasn’t good for farming could be used for something else, which would be very cost-effective.
- There is a vast pool of available labor in Gurgaon.
Gurgaon gives businesses access to a large pool of workers because it has been a major center for Indian office leasing for a long time. Having the ability to change employment might be advantageous for an employee’s professional development. Furthermore, an entrepreneurial spirit is encouraged. Businesses that focus on different but related fields make it easier for people to share their knowledge and experience.
As with real estate developers in Gurgaon, this practice depletes groundwater by taking water from the ground. Private power generation is also efficient, but it degrades the environment. Diesel is an expensive fuel source for power plants, and private energy providers have not yet realized economies of scale. Even though private sewage systems may be perfectly functional, their waste is often dumped on public land. Even so, many people who pay for these treatments privately say they are happy with the results.
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