IT/ITES Office Spaces
Due to increased FAR, Landlords / Developers have been able to offer larger floor plates and develop well designed and state of art IT/ITES building across NCR. It also offers low rentals and capital values as compared to normal commercial buildings.
The difference BTW IT/Ites office space and commerical space is very simple and could be understood very easily.
IT/ITES buildings are bigger in size and the land parcels are comparitively cheaper as compared to a commercial approved land parcel. Similarly the capital values vary and also the investors quote the rentals as per their investements to meet the ROI.
Delhi does not cater to IT/ITES caterization of buildings, one can explore IT/ITES buildings in Gurgaon and Noida only if we talk of Delhi NCR.
Gurgaon - The major micro markets for IT/ITES office spaces