Real estate consultancy firm JLL has announced the opening of its new office in Noida, covering an area of approximately 4000 square feet. This move signifies JLL’s commitment to the Noida region and its mission to provide excellent services to businesses and investors in the area.
Strengthening Regional Presence and Driving New Business Opportunities
With a consistent market share of 30-35% in Noida, JLL aims to further solidify its presence in the area with this dedicated office. According to Manish Aggarwal, the Senior Managing Director for North and East India at JLL, this office is built to match the company’s global standards and will enhance opportunities for new business ventures.
Noida’s Rise as an Attractive Business and Investment Destination
Noida, along with Greater Noida and Yamuna expressway, has been gaining recognition as a highly desirable destination for businesses and investors. A key factor contributing to Noida’s growth story is the continuous growth rate (CAGR) of 10% in its total Grade A office stock over the period of 2019-2023. Furthermore, Noida is poised to witness the addition of around 3 million square feet of Grade A office space by 2024, creating attractive options for global corporation centers and data center businesses. This presents an exciting opportunity for companies looking to establish their footprint in the region.
Influence of Strategic Infrastructure Projects
Noida’s growth prospects are greatly amplified by strategic infrastructure projects in the region. One noteworthy project is the upcoming Noida International Airport in Jewar, slated to be operational by September 2024. This airport will contribute to the development of the Ghaziabad-Noida-Dadri and Yamuna Expressway industrial cluster, ushering in new avenues for economic growth and investment. Moreover, Noida and Greater Noida are set to become a hub for data centers, with expected investments of up to Rs 8,000 crore. The government has taken various initiatives to attract these investments, creating an environment conducive to business growth and development. With these factors and initiatives at play, Noida’s real estate market a promising investment option as it aligns with the growing needs of businesses and demonstrates a strong potential for future growth. JLL’s new office opening bolsters its commitment to serving the region and leveraging the opportunities available.
