Office rental value in Delhi-NCR in India Q1 2024 by sub-market

Published by Sandhya Keelery, Nov 9, 2024
In the first quarter of 2024, the central business district (CBD) was the most expensive area for renting office space in the Delhi-NCR region of India, with a rental rate of around 319.8 Indian rupees per square foot per month. Noida sector 62 offered office space at the lowest rate of around 59.4 rupees per square foot per month, among all sub-markets of Delhi-NCR. The average rent for Delhi-NCR office market space was 101.5 rupees per square foot per month.

Rent for office spaces in Delhi-NCR in India during first quarter of 2024, by sub-market (in Indian rupees per square foot per month)

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Release date

April 2024

Region

India

Survey time period

Q1 2024

Special properties

grade A buildings

Supplementary notes

*Central business district includes Connaught place

**South Delhi includes Jasola,Saket,Nehru place and Okhla

***Gurugram others includes Institutional sectors 32 and 44, Udyog Vihar, Dundahera,Southern Peripheral Road

Delhi-NCR comprises of National Capital Territory of Delhi and the districts of three neighboring states of Rajasthan, Haryana, and Uttar Pradesh.

One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of June 2024).

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