Office Space Available at Affordable Rental Values In Delhi

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Affordable office spaces in South Delhi are a reality according to the prevailing market trends. Localities like East of Kailash and Sant Nagar offer relief to those companies who have a low budget for property rent.
The rental values for office spaces are on a high in commercials hubs like Saket, Nehru Place and Bikaji Kama Place. According to a local broker Nitin Mittal of Mittal Consultancy, there is huge demand for office spaces in these locations. This high demand has rendered office property very expensive here. He added that East of Kailash and Sant Nagar being residential colonies provide affordable options for office purpose as demand for the same is low here.
Data available on MagicBricks.com showed a decrease of rental values by 1% in East of Kailash whereas there was a rise of 5% in Sant Nagar in the Jan-March quarter. However the prices are still in the affordable range of Rs 55-60 per sq ft, as per Nithin Mittal. Many small companies have set up their offices in these localities.
Both these areas are strategically located prime residential colonies and their proximity to commercial places like Nehru Place, metro station, inner ring road and Okhla make them a good option for official purpose as well. The neighborhood comprises of eminent professionals and businessman. The area has a plethora of good educational institutes, hospitals and commercial markets.
Source-MagicBricks

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