There is no doubt that the years 2020 and 2021 would be marked as a year in Indian real estate which witnessed one of the most difficult periods for the industry in recent times. A lot of upcoming projects were cancelled, business investment was sluggish and as a result, the demand for the office space slowed down considerably. However, the dawn of new normal has witnessed a resurgence in the demand for office space fueled by business expansion. With signs in the global economy picking up pace, commercial office space in India has begun to consolidate, focusing on affordability, diversification, and delivery.
The increase in demand for office space is evident in the major Indian cities which are recording a rapid increase in the purchase rates and rentals in the past few quarters. T
Considering Delhi in particular, various reports suggest that rentals for Grade A commercial office space across all central business districts (CBDs) like Connaught Place, and secondary business districts (SBDs) like Nehru Place, Rajendra Place, Bhikaji Kama Place, witnessed an increase in 2021 as against the same period in 2020. Whereas managed office space in Connaught Place continues to drive demand to new levels.
Connaught Place continues to remain one of the most sought-after business addresses in New Delhi and our fully-equipped business centre at Statesman House provides some of the finest office space and facilities in the city. Given the edge that Connaught Place offers over many other locations in Delhi, like better connectivity, infrastructure, and easier accessibility of related institutions, every company desires to have an office space at Connaught Place. Due to its various inherent advantages, Connaught Place has witnessed a 25% per cent increase in demand for office space.
Avanta too echoes a similar rise in the demand for managed office spaces in Delhi. The number of inquiries for managed office space in the Statesman House at Connaught Place has shown a sharp increase. This demand for office space has come from across diverse industries that included IT/IES, Pharmaceuticals, Healthcare, and others. These inquiries are bound to grow in successive quarters as the business climate continues to get better.
The upturn in the economy has certainly triggered a rapid demand for managed office space. To help meet this growing demand Avanta offers attractive price deals. Avanta offers you the right blend of premier location and state-of-the-art technology that adorns the managed offices. Avanta’s managed office at Statesman House places you in the heart of New Delhi’s premier commercial and financial district.
It provides secure, self-contained managed offices in a choice of sizes, and layouts. Many of India’s, and the worlds, leading corporations are close neighbours, making this the ideal address at which to position your business. Statesman House is one of the district’s landmark buildings: a comfortable, spacious edifice amidst the elegant façades of Connaught Place’s outer circle.